Elgar original reference
Edited by Rolf Sternberg and Gerhard Krauss
Chapter 3: Creativity as an integral element of social capital and its role in economic performance
This chapter provides a theoretically informed discussion of creativity in social capital and elaborates on its role in economic growth and development based on recent theoretical developments in evolutionary economics and economic geography. We discuss social capital as an explanatory factor for creativity and creative processes in the short run, but also creativity as a factor having impacts on social networks, norms and values in the long run. The theoretical discussions are complemented with empirical illustrations and examples. Our starting point is that creativity has both an individual and a collective component, which are both linked to social capital.
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