1. Theories of Capital: The Historical Foundation. 3. 2. Social Capital: Capital Captured through Social Relations. 19. 3. Resources, Hierarchy, Networks, and Homophily: The Structural Foundation. 29. 4. Resources, Motivations, and Interactions: The Action Foundation. 41. 5. The Theory and Theoretical Propositions. 55. 6. Social Capital and Status Attainment: A Research Tradition. 78. 7. Inequality in Social Capital: A Research Agenda. 99. 8. Social Capital and the Emergence of Social Structure: A Theory of Rational Choice. 127. 9. Reputation and Social Capital: The Rational Basis for Social Exchange. 143. 10. Social Capital in Hierarchical Structures. 165. 11. Institutions, Networks, and Capital Building: Societal Transformations. 184. 12. Cybernetworks and the Global Village: The Rise of Social Capital. 210. 13. The Future of the Theory. 243. . References. 251. . Index. 267.

This work presents an introduction to the concept of social capital - a term which refers to the social networks, informal structures and norms that facilitate individual and collective action.

The term 'social capital' is a way of conceptualizing the intangible resources of community, shared values and trust upon which we draw in daily life. It has achieved considerable currency in the social sciences through the very different work of Bourdieu in France, and James Coleman and Robert Putnam in the States, and has been taken up within politics and sociology as a means of explaining the decline of social cohesion and community values in many Western societies. This concise introduction, the only one currently available, explains the theoretical underpinning of the subject, the empirical work that has been done to explore its operation, and the effect that it has had on policy-making particularly within such international governmental bodies as the World Bank and the European Commission. With genuine cross-disciplinary appeal, this exceptional book will be of great interest to students of sociology, politics and social policy.

The idea of social capital allows scholars to assess the quality of relationships among people within a particular community and show how that quality affects the ability to achieve shared goals. With evidence collected from sixty-nine villages in India, Krishna investigates what social capital is, how it operates in practice, and what results it can be expected to produce. Does social capital provide a viable means for advancing economic development, promoting ethnic peace, and strengthening democratic governance? The world is richer than ever before, but more than a fifth of its people are poor and miserable. Civil wars and ethnic strife continue to mar prospects for peace. Democracy is in place in most countries, but large numbers of citizens do not benefit from it. How can development, peace and democracy become more fruitful for the ordinary citizen? This book shows how social capital is a crucial dimension of any solution to these problems.

The currency of social capital serves as an important function given the capacity to generate external access (getting to) and internal accountability (getting through) for individuals and institutions alike. Pierre Bourdieu (1986) defines social capital as “the aggregate of the actual or potential resources which are linked to possession of a durable network of more or less institutionalized relationships of mutual acquaintance and recognition or in other words, to membership in a group” (p. 251). Social capital contains embedded resources as a tool for manifesting opportunities and options among individuals and groups. Inevitably, the aforementioned opportunities and options become reflective of the depth and breadth of access and accountability experienced by the individual and institution. As educational stakeholders, we must consistently challenge ourselves with the question, “How do K-12 schools and colleges and universities accomplish shared, egalitarian goals of achieving access and accountability?” Such goals become fundamental toward ensuring students matriculating through K-12 and higher education, irrespective of background, are provided the caliber of education and schooling experience to prepare them for economic mobility and social stability. To that end, the volume, Contemporary Perspectives on Social Capital in Educational Contexts (2019), as part of the book series, Contemporary Perspectives on Capital in Educational Contexts, offers a unique opportunity to explore social capital as a currency conduit for creating external access and internal accountability for K-12 and higher education. The commonalities of social capital emerging within the 12 chapters of the volume include the following: 1) Social Capital as Human Connectedness; 2) Social Capital as Strategic Advocacy; 3) Social Capital as Intentional Engagement; and 4) Social Capital as Culturally-Responsive Leadership. Thus, it becomes important for institutions of education (i.e. secondary, postsecondary, continuing) and individuals to assume efforts with intentionality and deliberateness to promote access and accountability.

The field of social capital still lacks a recognized general theory. Accordingly, various and sometimes inappropriate measurements are used for it. Julia Häuberer contributes to filling in this gap and provides progress towards the creation of a formalized social capital theory based on the founding concepts of social capital of Bourdieu (1983) and Coleman (1988), and current concepts of Putnam (2000), Burt (1992) and Lin (2001). The second part of the monograph focuses on the quality of measurements of the more general concept of social capital derived in the first part. Therefore, the telephone survey “Social Relationships among Czech Citizens” conducted as a test-retest experiment is analyzed. This book is valuable reading for academics in Sociology and Political Science.

Social Capital, the advantage created by location in social structure, is a critical element in business strategy. Who has it, how it works, and how to develop it have become key questions as markets, organizations, and careers become more and more dependent on informal, discretionary relationships. The formal organization deals with accountability; Everything else flows through the informal: advice, coordination, cooperation friendship, gossip, knowledge, trust. Informal relations have always been with us, they have always mattered. What is new is the range of activities in which they now matter, and the emerging clarity we have about how they create advantage for certain people at the expense of others. This is done by brokerage and closure. Ronald S. Burt builds upon his celebrated work in this area to explore the nature of brokerage and closure. Brokerage is the activity of people who live at the intersection of social worlds, who have a vision advantage of seeing and developing good ideas, an advantage which can be seen in their compensation, recognition, and the responsibility they're entrusted with in comparison to their peers. Closure is the tightening of coordination in a closed network of people, and people who do this do well as a complement to brokers because of the trust and alignment they create. Brokerage and Closure explores how these elements work together to define social capital, showing how in the business world reputation has come to replace authority, pursued opportunity assignment, and reward has come to be associated with achieving competitive advantage in a social order of continuous disequilibrium.