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On the capitalization and cultivation of social capital: Towards a neo-capital general science?

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  • Waldstrøm, Christian
  • Svendsen, Gunnar Lind Haase
Abstract
Bourdieu's [Bourdieu, P., 1986. The Forms of Capital. In: Richardson, J.G. (Ed.), Handbook of Theory and Research for the Sociology of Education. Greenwood Press, New York, pp. 241-258] seminal definition of social capital as "the aggregate of the actual or potential resources" is reflected in older definitions, as well as in many current within sociology, e.g. [Portes, A., 2000. The two meanings of social capital. Sociological Forum 15 (1), 1-12] and organization [Adler, P., Kwon, S.-W., 2002. Social capital: prospects for a new concept. Academy of Management Journal 27 (1), 17-40]. The definition is interesting, because it directs a dual focus on social capital as both immediately and potentially productive resources, i.e., assets that can be immediately capitalized by individuals as well as 'cultivated' for future use. We argue that to further operationalize this concept we must distinguish between actual/potential social capital, within a neo-capital framework that unifies the existing 'plethora' of capitals.

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  • Waldstrøm, Christian & Svendsen, Gunnar Lind Haase, 2008. "On the capitalization and cultivation of social capital: Towards a neo-capital general science?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(4), pages 1495-1514, August.
    • Handle: RePEc:eee:soceco:v:37:y:2008:i:4:p:1495-1514
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    References listed on IDEAS

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    1. Paldam, Martin & Svendsen, Gert Tinggaard, 2000. "An essay on social capital: looking for the fire behind the smoke," European Journal of Political Economy, Elsevier, vol. 16(2), pages 339-366, June.
    2. Jarka Chloupkova & Gunnar Svendsen & Gert Svendsen, 2003. "Building and destroying social capital: The case of cooperative movements in Denmark and Poland," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 20(3), pages 241-252, September.
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    5. Krugman, Paul, 1998. "Two Cheers for Formalism," Economic Journal, Royal Economic Society, vol. 108(451), pages 1829-1836, November.
    6. Gunnar L.H Svendsen & Gert T. Svendsen, 2004. "The Creation and Destruction of Social Capital," Books, Edward Elgar Publishing, number 3276.
    7. Backhouse, Roger E, 1998. "If Mathematics Is Informal, Then Perhaps We Should Accept That Economics Must Be Informal Too," Economic Journal, Royal Economic Society, vol. 108(451), pages 1848-1858, November.
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    9. Lindon Robison & A. Allan Schmid & Marcelo Siles, 2002. "Is Social Capital Really Capital?," Review of Social Economy, Taylor & Francis Journals, vol. 60(1), pages 1-21.
    10. Veblen, Thorstein, 1908. "Fisher's Capital and Income," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 23.
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    Cited by:

    1. Elliott, Catherine S. & Fitzgerald, Keith & Hayward, Donald M. & Krasteva, Stela, 2009. "Some indications of limits to framing the policy preferences of the civically engaged: Interplay of social capital, race attitudes, and social justice frames," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 38(1), pages 96-103, January.
    2. Haase Svendsen, Gunnar Lind & Kjeldsen, Chris & Noe, Egon, 2010. "How do private entrepreneurs transform local social capital into economic capital? Four case studies from rural Denmark," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 39(6), pages 631-644, December.

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