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There is an old saying that “life is a series of give and take.” Social capital is a theory that holds to this notion that individuals store up a bank of social resources just as they amass financial resources. Throughout their lives, people build certain kinds of “capital” in different aspects of their lives, much in the manner that economically, they might build financial capital. This capital constitutes a series of mutual exchanges and supports that create advantages and disadvantages in a person's life. These exchanges and support are the essence of social capital.

Defining Social Capital

Social capital includes the relationships and connections individuals make among family members, friends, and community. These connections and relationships help them negotiate life by providing access (or limitations) to information, jobs, or education. Social capital also serves as a resource to help people manage their day-to-day lives, providing them with both necessities and luxuries, including assistance with child care, transportation, or meals when they are sick.

Social capital comprises the mutual trust, expectations, obligations, and influences that individuals, family, and communities share. It develops certain norms and functions, support systems, and information channels. At the individual and family levels, social capital provides formal and informal support and information channels that include exchanges of social, emotional, and economic support. Examples of developing social capital might include simple acts such as lending your lawn motor to the family down the street, telling a friend about a job opening, or helping a family after the birth of a child or the death of a loved one.

Understanding Social Capital: Putman, Bourdieu, and Coleman

While many have attempted to conceptualize and define social capital, three individuals had the most direct influence on its study, framing, and operationalizing: Pierre Bourdieu, James Coleman, and Robert Putnam. They hold distinct yet related perspectives of social capital that extend the concept from individuals to families to communities.

Pierre Bourdieu

Bourdieu (1977, 1985) defines social capital as formally institutionalized relationships that mutually determine and construct access to resources. He describes 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” (Bourdieu, 1985, p. 51). Under Bourdieu's definition, the acquisition of social capital results in access to cultural, economic, and social resources, that is, connections through connections. Bourdieu's analysis focuses primarily on the relationship between social connections and social obligations. To benefit from social capital, individuals must already have their own exchangeable resources that matter. His ideas of social capital development largely focus on social capital and economic transactions and only imply the role of family and community. Others have extended social capital to a larger context.

James Coleman

Many academic researchers draw on Coleman's (1988) conceptualization of social capital, which connects social capital to exchange theory through its use of norms and expectations. Exchange theory assumes that humans maintain relationships based on the “exchange” of goods and services. In other words, relationships continue and are strengthened as long as they remain mutually beneficial.

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