Synonyms
Glossary
- Human Capital:
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One’s stock of competencies, knowledge, skill, education
- Political Economics:
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The study of the relationship between politics and economics in society
- Social Capital:
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Productive resources residing in and resulting from social networks
- Social Liability:
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Obstructive resources residing in and resulting from social networks
Definition
By analogy with notions of physical capital and human capital, “social capital” refers to the features of social organization that facilitate coordination and cooperation for mutual or individual benefit. According to sociologist James Coleman (1990), “Like other forms of capital, social capital is productive, making possible the achievement of certain ends that would not be attainable in its absence. … In a farming community … where one farmer got his hay baled by another and where farm tools are extensively borrowed and lent, the social capital allows each farmer to...
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Leenders, R. (2018). Social Capital. In: Alhajj, R., Rokne, J. (eds) Encyclopedia of Social Network Analysis and Mining. Springer, New York, NY. https://doi.org/10.1007/978-1-4939-7131-2_92
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