Concept
Social capital
Overview
Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups.
It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity. Some have described it as a form of capital that produces public goods for a common purpose, although this does not align with how it has been measured.
Social capital has been used to explain the improved performance of diverse groups, the growth of entrepreneurial firms, superior managerial performance, enhanced supply chain relations, the value derived from strategic alliances, and the evolution of communities.
Overview adapted from Wikipedia (CC BY-SA 4.0; see the article history for authors).
Possible passages
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All the illusions in regard to the monetary system are due to the fact that money is not regarded as something representing a social relation of production, but as a product of nature endowed with certain properties. The modern economists who sneer at the illusions of the monetary system, betray the same illusion as soon as they have to deal with higher economic forms, as, e. g., capital.[6] It breaks forth in their…
Karl Marx, A Contribution to the Critique of Political Economy
The author is tied to Social capital in the knowledge graph.
Lastly, when it is employed in exchanging one description of the produce of foreign industry for another, or in what is termed the _carrying trade_, it then serves wholly for the support and encouragement of the industry of the two foreign nations, and adds only to the annual produce of the country the profits of the merchant--book 2, chap. v.
Adam Smith, An Inquiry Into the Nature and Causes of the Wealth of Nations
States what Social capital is; the author is tied to Social capital in the knowledge graph.
They differ from political rights and obligations in that the latter concern modes of social organization which are so fundamental that they are not left to the voluntary choice and purpose of an individual. As a social being, he must have political relationships, must be subject to law, pay taxes, etc.
John Dewey, Ethics
States what Social capital is; the author is tied to Social capital in the knowledge graph.
Philosophers who discussed Social capital
Related ideas
- Simon & Schuster
- Edmund Burke
- Analogy
- Georg Simmel
- Pierre Bourdieu
- Francis Fukuyama
- Fundamentalism
- Princeton University Press
- East Germany
- Hong Kong
- India
- Individualism
- Imperialism
- James Madison
- John Dewey
- Alexis de Tocqueville
- Karl Marx
- Adam Smith
- Sociology
- Doctrine
- Geography
- Information
- Autonomy
- Max Weber
Opposing perspectives
Place in the tradition
Part of Roger Scruton.