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Is Social Capital Really Capital?

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Author Info
Robison, Lindon J.
Schmid, A. Allan
Siles, Marcelo E.

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Abstract

Social capital in the past two decades has emerged as a dominant paradigm in the various social science disciplines. However, its adoption by the different social science disciplines has led to multiple and often conflicting definitions of social capital. Some differences in the definition of social capital can be explained because scientists have included in the definition expressions of its possible uses, where it resides, and how its service capacity can be changed. This paper defends the social capital metaphor by pointing out that social capital has many important capital-like properties including service potential, durability, flexibility, substitutability, opportunities for decay (maintenance), reliability, ability to create other capital forms, and investment (disinvestment) opportunities. Social capital is compared to other forms of capital including cultural capital and human capital. Keywords: social capital, cultural capital, human capital, physical/financial capital, service potential, durability, flexibility, substitutability, decay (maintenance), reliability, investment (disinvestment)

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Paper provided by Michigan State University, Department of Agricultural, Food, and Resource Economics in its series Staff Papers with number 11649.

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Date of creation: 1999
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Handle: RePEc:ags:midasp:11649

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Related research
Keywords: social capital; cultural capital; human capital; physical/financial capital; service potential; durability; flexibility; substitutability; decay (maintenance); reliability; investment (disinvestment); Institutional and Behavioral Economics;

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References listed on IDEAS
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  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 1111-46, September. [Downloadable!] (restricted)
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  1. Akcomak, Semih, 2009. "Bridges in social capital: A review of the definitions and the social capital of social capital researchers," UNU-MERIT Working Paper Series 002, United Nations University, Maastricht Economic and social Research and training centre on Innovation and Technology. [Downloadable!]
  2. Paudel, Krishna P. & Zapata, Hector O. & Schafer, Mark J. & Marzooghi, Hassan, 2005. "Does Social Capital Have a Role in Environmental Kuznets Curve? Spatial Panel Regression Approach," 2005 Annual meeting, July 24-27, Providence, RI 19457, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  3. Dirk Bezemer & Uwe Dulleck & Paul Frijters, 2003. "Contacts, Social Capital and Market Institutions - A Theory of Development," Vienna Economics Papers 0311, University of Vienna, Department of Economics. [Downloadable!]
    Other versions:
  4. William Jackson, 2005. "Capabilities, Culture and Social Structure," Review of Social Economy, Taylor and Francis Journals, vol. 63(1), pages 101-124, March. [Downloadable!] (restricted)
  5. Irene Daskalopoulou & Anastasia Petrou, 2006. "Small Business Performance in Urban Tourism," ERSA conference papers ersa06p399, European Regional Science Association. [Downloadable!]
  6. Zhang, Zhenyu & Lynne, Gary D., 2006. "Is Individual Behavior Oriented to Self-interest, Other-interest or both? Empirical Evidence from a Case Study of Social Capital," 2006 Annual meeting, July 23-26, Long Beach, CA 21198, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
  7. Hanson, Steven D. & Robison, Lindon J., 2001. "Impacts Of Social Capital On Investment Behavior Under Risk," Staff Papers 11533, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]
  8. Augendra Bhukuth, 2006. "The brokerage system in the brick kiln industry in Tamil Nadu, India," Forum for Social Economics, Springer, vol. 35(2), pages 55-74, September. [Downloadable!] (restricted)
  9. Meinzen-Dick, Ruth Suseela & Di Gregorio, Monica & McCarthy, Nancy, 2004. "Methods for studying collective action in rural development:," CAPRi working papers 33, International Food Policy Research Institute (IFPRI). [Downloadable!]
    Other versions:
  10. Robison, Lindon J. & Siles, Marcelo E. & Schmid, A. Allan, 2002. "Social Capital And Poverty Reduction: Toward A Mature Paradigm," Agricultural Economic Reports 10941, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]
  11. Robison, Lindon J. & Myers, Robert J. & Siles, Marcelo E., 1999. "Social Capital, The Terms Of Trade, And The Distribution Of Income," Staff Papers 11546, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]
  12. Nieto Arias, Jannine Waleska & Hernández Maestro, Rosa M. & Muñoz-Gallego, Pablo A., 2007. "Influencia del talento del empresario y del tipo de página web en los resultados empresariales para las casas de turismo rural en España. Influence of the entrepreneurial talent and type of website ," Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas". Working Papers "New Trends on Business Administration". 2007-07, Interuniversitary Doctorate Program "New Trends on Business Administration", Universities of Valladolid, Burgos and Salamanca (Spain). Programa de Doctorado Interuniversitario "Nuevas Tendencias en Di. [Downloadable!]
  13. Peterson, H. Christopher & Robison, Lindon J. & Siles, Marcelo E., 1999. "The Social Capital Foundations Of Trust In Global Agri-Food System Transactions," Staff Papers 11490, Michigan State University, Department of Agricultural, Food, and Resource Economics. [Downloadable!]
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