IDEAS home Printed from https://ideas.repec.org/a/eee/soceco/v37y2008i4p1495-1514.html
   My bibliography  Save this article

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

Author

Listed:
  • 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.

Suggested Citation

  • 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
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/B6W5H-4P6VDB9-7/1/c1a981770042745f270c85d398834d71
    Download Restriction: Full text for ScienceDirect subscribers only
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Baron, James N & Hannan, Michael T, 1994. "The Impact of Economics on Contemporary Sociology," Journal of Economic Literature, American Economic Association, vol. 32(3), pages 1111-1146, September.
    2. Chick, Victoria, 1998. "On Knowing One's Place: The Role of Formalism in Economics," Economic Journal, Royal Economic Society, vol. 108(451), pages 1859-1869, November.
    3. 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.
    4. Thorstein Veblen, 1908. "On the Nature of Capital," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 22(4), pages 517-542.
    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. Veblen, Thorstein, 1908. "Fisher's Capital and Income," History of Economic Thought Articles, McMaster University Archive for the History of Economic Thought, vol. 23.
    8. 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.
    9. 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.
    10. 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.
    11. Thorstein Veblen, 1908. "On the Nature of Capital: Investment, Intangible Assets, and the Pecuniary Magnate," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 23(1), pages 104-136.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robison, Lindon J. & Siles, Marcelo E. & Schmid, A. Allan, 2002. "Social Capital And Poverty Reduction: Toward A Mature Paradigm," Agricultural Economic Report Series 10941, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    2. 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.
    3. Fragkandreas, Thanos & Larsen, Karin, 2009. "Social Capital and Economic Performance: some lessons from Farm Partnerships in Sweden," MPRA Paper 17916, University Library of Munich, Germany.
    4. Chlebicka, Aleksandra & Fałkowski, Jan & Łopaciuk-Gonczaryk, Beata, 2014. "Grupy Producentów Rolnych A Kapitał Społeczny – Potencjalne Zależności," Village and Agriculture (Wieś i Rolnictwo), Polish Academy of Sciences (IRWiR PAN), Institute of Rural and Agricultural Development, vol. 3(164).
    5. Aleksandra Chlebicka & Michał Pietrzak, 2018. "Size of Membership and Survival Patterns of Producers’ Organizations in Agriculture—Social Aspects Based on Evidence from Poland," Sustainability, MDPI, vol. 10(7), pages 1-24, July.
    6. Robison, Lindon J. & Myers, Robert J. & Siles, Marcelo E., 1999. "Social Capital, The Terms Of Trade, And The Distribution Of Income," Staff Paper Series 11546, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    7. Miguel A. Duran, 2007. "Mathematical Needs and Economic Interpretations," Contributions to Political Economy, Cambridge Political Economy Society, vol. 26(1), pages 1-16.
    8. Massimiliano Mazzanti & Giulio Cainelli & Susanna Mancinelli, 2005. "Social Capital, R&D and Industrial Districts," Working Papers 2005.84, Fondazione Eni Enrico Mattei.
    9. Hugh Rockoff, 2008. "Great Fortunes of the Gilded Age," NBER Working Papers 14555, National Bureau of Economic Research, Inc.
    10. Nitzan, Jonathan & Bichler, Shimshon, 2019. "CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage' (Revised and Expanded)," Working Papers on Capital as Power 2019/01, Capital As Power - Toward a New Cosmology of Capitalism.
    11. Giorgos Argitis, 2013. "Veblenian and Minskian financial markets," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 10(1), pages 28-43.
    12. Davanzati, Guglielmo Forges, 2018. "Structural change driven by institutions: Thorstein veblen revised," Structural Change and Economic Dynamics, Elsevier, vol. 45(C), pages 105-110.
    13. Nitzan, Jonathan, 1992. "Inflation As Restructuring. A Theoretical and Empirical Account of the U.S. Experience," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 157989, January.
    14. Pinto, Hugo, 2011. "The role of econometrics in economic science: An essay about the monopolization of economic methodology by econometric methods," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 40(4), pages 436-443, August.
    15. Wolz, Axel & Fritzsch, Jana & Pencakova, Jitka, 2006. "Social Capital Among Agricultural Producers In The Czech Republic: Its Impact On Economic Performance," IAMO Discussion Papers 91965, Institute of Agricultural Development in Transition Economies (IAMO).
    16. Lindon J. Robison & Robert J. Myers & Marcelo E. Siles, 2002. "Social Capital and the Terms of Trade for Farmland," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 24(1), pages 44-58.
    17. Sheila Dow, 2009. "History of Thought and Methodology in Pluralist Economics Education," International Review of Economic Education, Economics Network, University of Bristol, vol. 8(2), pages 41-57.
    18. Fidrmuc, Jan & Gërxhani, Klarita, 2008. "Mind the gap! Social capital, East and West," Journal of Comparative Economics, Elsevier, vol. 36(2), pages 264-286, June.
    19. Bichler, Shimshon & Nitzan, Jonathan, 2018. "CasP's 'Differential Accumulation' versus Veblen's 'Differential Advantage'," Working Papers on Capital as Power 2018/08, Capital As Power - Toward a New Cosmology of Capitalism.
    20. Wendong Deng & George Hendrikse & Qiao Liang, 2021. "Internal social capital and the life cycle of agricultural cooperatives," Journal of Evolutionary Economics, Springer, vol. 31(1), pages 301-323, January.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:soceco:v:37:y:2008:i:4:p:1495-1514. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/620175 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.