Social Economics - The Approach of Social Capital - Essay Example

Comments (0) Cite this document
This paper "Social Economics - The Approach of Social Capital" focuses on the fact that the commonality which can be observed between the different definitions of social capital is that they all identify the social relations that produce benefits which are productive in nature. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.3% of users find it useful
Social Economics - The Approach of Social Capital
Read TextPreview

Extract of sample "Social Economics - The Approach of Social Capital"

Download file to see previous pages Improving the social being is one of the prime concerns of the governments and devotes a lot of interest to achieve economic prosperity. But economic prosperity may not bring improved social well being for all as well being is not directly related to income. The aspects of social capital can act to reduce transaction costs and also encourage behaviour and trust. The different sources within the community can be thought of as the origination of social capital. Social capital can operate and emerge in families and educational institutions and also in business and the local community. Social capital can have both positive and negative impacts on society. On the one hand, it creates social division and on the other leads to the social and economic well being at least for some sections of the society. There are mainly five mechanisms by which social capital can affect the outcomes.
A distinction can be made between the formal and informal forms of social capital. Formal social capital refers to patterns of behaviour, exchange norms, networks which are formally defined. The networks operating outside this formal system refer to informal social capital. The usefulness of this distinction lies in illustrating the problems arising in operations of social capital. The first kind of social capital can be found in the extent of civil society while the second form can be difficult to find as it requires household surveys.
At the national level poverty refers to a country’s lack of resources necessary towards education, health and infrastructure. This may give rise to political unrest. In the developed countries poverty is one of the social problems. Poverty alleviation has been one of the guiding principles for most of the governments. The role of economic growth and development in creating employment avenues has clearly been recognized. Some specific sectors have been chosen by most administrations and growth-oriented approach has been undertaken.   ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Social Economics - The Approach of Social Capital Essay, n.d.)
Social Economics - The Approach of Social Capital Essay. Retrieved from
(Social Economics - The Approach of Social Capital Essay)
Social Economics - The Approach of Social Capital Essay.
“Social Economics - The Approach of Social Capital Essay”.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Social Economics - The Approach of Social Capital

Social capital

...related to the policy making central to public issues and policy making. Referring to the factors related to the topic the features like norms and networks, trust, corruption, economic growth and good government needs to be discussed. The term social capital can be defined as the ability of individuals and groups to work together for a common cause in groups and organizations (Smith 2009). Social Capital includes relationships, institutions, and different norms that provide structure to quantity and quality of social interaction of the society. Increasing number of evidences has shown that social cohesion is very...
10 Pages(2500 words)Essay

Social capital

...” (Sewell 2008, p. 42) and intricacy and complexity associated with the word has not been reduced since then. But William Sewell (2008, p. 42) goes on to explain that culture is that part of the social life that needs to be separated from the actual human existence constituting economics, biology or politics. The concept culture has itself intrigued our lives and is the most crucial component of human existence yet its constituting elements are different for the people living in the different areas of the world. We are all identified and recognized by our culture we have adopted while living in our own family, society and even our country. Mathew Arnold, the nineteenth century poet and essayist, used the...
4 Pages(1000 words)Essay

Social capital

...that social networks are the most valuable assets for the society “just as a screwdriver (physical capital) or a college education (human capital) can increase productivity (both individual and collective)” (Putnam 2000, p. 19), in the same way forming social contacts are excellent for increasing the productivity of the individuals and even groups (Putnam 2000, p. 19). It is said that the term “social capital” was first used by L.J Hanifan in his 1916 article to gain the support of the local people for the rural school but the credit for the use of this term goes to Jane Jacob in 1960 while mentioning about the value of networks (Winter...
4 Pages(1000 words)Essay

Social Capital on Facebook

...?Social Capital on Facebook “The best argument against democracy is a five minute conversation with the average voter.” - Oscar Wilde Land of the Free is what America is known for. Democracy implicates freedom to the people of its nations. Civil society is considered as a contributing factor to the attainment of democracy. In return, societies and their cultures had shaped up by the concept of democracy. The book, Democracy in America, was written by Alexis de Tocqueville and had played significant role in the modern society of America. Tocqueville, a social scientist, had educated American audience to discern systematic studies of the relationship of democracy and civil society. The...
6 Pages(1500 words)Essay

Social Capital

...control system can either enhance or inhibit the bonding and bridging dimensions of social capital with potential consequences on both economic and cultural capital (2010, p.2). The study attempts to highlight and provide data to support the notion that management control systems can be contradictory as they relate to social capital. The concept of social capital is used to outline a distinctive approach to understanding the relationship between management control systems and the development of social connections in and between organizations (Chenhall, Hall, & Smith,...
4 Pages(1000 words)Research Paper

Cultural Capital and Social Capital

...Capital and Growth in European Regions: An Empirical Test. European Journal of Political Economy, 21, 301-324. Bourdieu, P. (1984). Distinction: A Social Critique of the Judgment of Taste. Cambridge MA: Harvard University Press. Bowles, S. and Gintis S. (2002). Social Capital and Community Governance. The Economic Journal, 112: 419-436. Eyal, G., Szelenyi, I, and Townsley, E. (1998) Making Capitalism without Capitalists: The New Ruling Elites in Eastern Europe. Verso, London and New York. Fredic, J. (1991). Postmodernism or the Cultural Logic of Late Capitalism. Durham: Duke UP. Irvine, M. (2009). Postmodernity vs. the...
9 Pages(2250 words)Essay

Social Capital it benefits is that it has the highest number of negative externalities compared to the other forms of capital such as human and physical capital. The human mind operates in such a way that it always creates friends and enemies; this is the basis for most political systems. Consequently, when certain people cooperate with one another, then they tend to sideline others in the process. One must therefore look at the net externalities that social capital would bring to society. Another approach to social capital is considering it as a radius of trust. Groups that have social capital are...
12 Pages(3000 words)Essay

Social Capital

... Should Parents Be Able to Use Their Wealth to Improve Their Children’s Social Capital? Introduction In today’s society, it can be observed that parents who are financially well off (wealthy) use their status to provide their children with the social capital they may need to build up advantageous connections that will help them in the future. Social Capital can be described as the various benefits that one enjoys from the preferential treatment they receive from the individuals and groups that they know (Sacks, 2007). It is the main goal of individuals who aim at cultivating a friendly relationship with people in influential positions that may put them in a position to assist them with a particular issue in the future (Sacks, 2007... )....
2 Pages(500 words)Essay

Social and Human Capital

...Social and Human Capital and Social and Human Capital Social and human capital is a productive aspect that has not been fully understood even though a lot of multidisciplinary research has been conducted geared towards that goal. Social capital refers to the economic benefits that accrue to an individual, a group or a community resulting from preferential treatment from a specific body or co-operation with other individuals, groups or communities (Ginsberg, 2001). There is no universally accepted definition of social capital; however, all agree on the...
5 Pages(1250 words)Essay

Social Capital

...Social Capital al affiliation: Social Capital Social capital does not only constitute the sum of s that shape a society, but also social networks, which affect the productivity and well-being. The societal interactions are guided by a series of norms, institutions and relationships. These interactions foster cohesion and ensure economic prosperity. It is implicit that the horizontal bonds of togetherness underpin the success of a society (Putman, 1995). Long term repeated relations generate cohesion and economic progress. In the current age, sensibility of citizenship closely link with...
1 Pages(250 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Social Economics - The Approach of Social Capital for FREE!

Contact Us