Social responsibility as an obligatory element of the institutional system

MPRA Paper from University Library of Munich, Germany

Abstract: The institute of social responsibility is considered as mandatory addition of market and state institutes, since it reduces the transaction costs of the socio-economic system by eliminating discrimination in the relations. One of the most important missions of the state is the formation and development of the mechanisms of social control.

Keywords: social responsibility; institute; social capital; social costs; discrimination; social integration (search for similar items in EconPapers)
JEL-codes: A13 E02 H00 J78 M14 (search for similar items in EconPapers)
Date: 2012, Revised 2012
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