Social capital - WikipediaBy Nan Lin. Cambridge University Press, Most users should sign in with their email address. If you originally registered with a username please use that to sign in. To purchase short term access, please sign in to your Oxford Academic account above. Don't already have an Oxford Academic account?
What is Social Capital?
Social capital broadly refers to those factors of effectively functioning social groups that include such things as interpersonal relationships , a shared sense of identity , a shared understanding, shared norms , shared values , trust , cooperation , and reciprocity. However, the many views of this complex subject make a single definition difficult. The term generally refers to a resources, and the value of these resources, both tangible public spaces , private property and intangible "actors", " human capital ", people , b the relationships among these resources, and c the impact that these relationships have on the resources involved in each relationship, and on larger groups. It is generally seen as a form of capital that produces public goods for a common good. 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. During the s and s, the concept has become increasingly popular in a wide range of social science disciplines and also in politics.
This content was uploaded by our users and we assume good faith they have the permission to share this book. If you own the copyright to this book and it is wrongfully on our website, we offer a simple DMCA procedure to remove your content from our site. Start by pressing the button below! Social capital, or resources accessed through such connections and relations, is critical along with human capital, or what a person or an organization actually possesses to individuals, social groups, organizations, and communities in achieving objectives. This book places social capital in the family of capital theories the classical and neoclassical theories , articulates its elements and propositions, presents research programs, findings, and agendas, and theorizes its significance in various moments of interactions between individual actions and social structure for example, the primordial groups, social exchanges, organizations, institutional transformations, and cybernetworks. Mark S. Mizruchi and Michael Schwartz, eds.
Social Capital explains the importance of using social connections and social relations in achieving goals. Social capital, or resources accessed through such connections and relations, is critical along with human capital, or what a person or organization actually possesses in achieving goals for individuals, social groups, organizations, and communities. The book introduces a theory that forcefully argues and shows why "it is who you know," as well as "what you know" that makes a difference in life and society. He is most notable for his research and writing on social networks and social capital. Find us on Facebook. Home page.
In the past two decades, social capital in its various forms and contexts has emerged as one of the most salient concepts in social sciences. While much excitement has been generated, divergent views, perspectives, and expectations have also raised the serious question: is it a fad or does it have enduring qualities that will herald a new intellectual enterprise? I will argue that such a theory and the research enterprise must be based on the fundamental understanding that social capital is captured from embedded resources in social networks. Deviations from this understanding in conceptualization and measurement lead to confusion in analyzing causal mechanisms in the macro- and micro-processes. It is precisely these mechanisms and processes, essential for an interactive theory about structure and action, to which social capital promises to make contributions.