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Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
Pierre Bourdieu explains social capital as the degree to which actors are capable of subsisting together in social structures that are often heterogeneous in nature. Where symbolic capital is earned on an individual basis and may fluctuate widely between members in a community, social capital is the overarching sense of trust and cooperation ...
Capital is a central concept in Marxian critique of political economy, and in Marxian thought more generally. Marxists view capital as a social relation reproduced by the continuous expenditure of wage labour. Labour and capital are viewed as historically specific [clarification needed] forms of social relations. [1] [2] [3] [4]
Physical capital, being completely tangible and generally a private good, originates from the creation of tools to facilitate production. In addition to social capital, the three types of investments create the three main aspects of society's exchange of capital. [25] According to Coleman, social capital and human capital are often go hand in ...
According to Weber, the ability to possess power derives from the individual's ability to control various "social resources". "The mode of distribution gives to the propertied a monopoly on the possibility of transferring property from the sphere of use as 'wealth' to the sphere of 'capital,' that is, it gives them the entrepreneurial function and all chances to share directly or indirectly in ...
Social reproduction describes the reproduction of social structures and systems, mainly on the basis of particular preconditions in demographics, education and inheritance of material property or legal titles (as earlier with aristocracy). Reproduction is understood as the maintenance and continuation of existing social relations.
In this new categorization, social ideology and social psychology is a material process that self-perpetuates, the same way economic systems in the base perpetuate themselves. Reich focused on the role of sexual repression in the patriarchal family system as a way to understand how mass support for Fascism could arise in a society.
Embodied cultural capital comprises the knowledge that is consciously acquired and passively inherited, by socialization to culture and tradition. Unlike property, cultural capital is not transmissible, but is acquired over time, as it is impressed upon the person's habitus (i.e., character and way of thinking), which, in turn, becomes more receptive to similar cultural influences.