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Social capital theory contends that social relationships are resources that can lead to the development and accumulation of human capital. For example, a stable family environment can support educational attainment and support the development of highly valued and rewarded skills and credentials.
More recently social capital theory has predominantly focused on the dimensions of social capital developed by Nahapiet & Ghoshal (1998) building on Granovetter's (1992) theory of embeddedness. 2.1 Theory of capital – Pierre Bourdieu
Sociologist Pierre Bourdieu used the term in 1972 in his Outline of a Theory of Practice, and clarified the term some years later in contrast to cultural, economic, administrative capital, physical capital, political capital, social capital and symbolic capital.
The theory posits that social networks are a form of capital, much like physical or human capital, that can be leveraged to achieve social and economic outcomes. Key thinkers associated with this theory include Pierre Bourdieu, James Coleman, and Robert Putnam.
This paper reviews the origins and definitions of social capital in the writings of Bourdieu, Loury, and Coleman, among other authors. It distinguishes four sources of social capital and examines their dynamics.
Mar 2, 2016 · We propose a critical roadmap of the social capital theories and applications for a general audience, nonusers included, with particular attention to the works of political and social economists.
Oct 29, 2013 · Social capital has been conceptualized in numerous ways—as both a social-structural and a psychological construct, as both a micro- and a macro-level phenomenon, and as both a metaphor and a set of concrete resources.
Bourdieu and Coleman are the founding theorists of social capital because they introduced the term social capital systematically for the first time. Although they did so nearly simultaneously, they introduced the term independently of each other.
What is social capital? How does it affect economic development? What are the implications for theory, research, and policy? These questions lie at the heart of recent attempts to make sense of the burgeoning literature on social capital and to ascertain its relationship to economic development.
Aug 28, 2017 · The idea is that social capital, in its contemporary sense, refers to social norms and networks, which people can use to facilitate cooperation, reciprocity and trust and potentially increase their individual and collective well-being.
