Using Motive to Distinguish Social Capital from Its Outputs

Schmid, A. Allan

doi:10.1080/00213624.2002.11506511

Cited by 30 publications

(23 citation statements)

References 15 publications

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“…Not all social scientists accept the metaphor of capital to describe social relationships. Several authors, primarily economists, have questioned and criticised the capitalisation of social capital (see Baron and Hannon, 1994;Portes, 1998;Arrow, 2000;Solow, 2000;Hoff erth et al, 1999;Inkeles, 2000;Schmid, 2000;Fine, 2001;Bowles and Gintis, 2002;Durlauf, 2002;Harriss, 2002;Smith and Kulynych, 2002;Quirbia, 2003;Roberts, 2004;Halpern, 2005). Th ey have criticised the capitalisation of social capital on diff erent grounds.…”

Section: Capital Debate Of Social Capitalmentioning

confidence: 98%

“…Th e fundamental properties of classical capital goods include it is a commodity that is tangible, can be owned, and can be traded in the market. Besides, the capital stock is productive and can be used as investment for future production, generating as a result of investment, durability, and depreciates from both use and non-use (Schmid, 2000;Castle, 2002;Piazza-Georgi, 2002).…”

Section: Defi Ning Social Capitalmentioning

confidence: 99%

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What is Social Capital? A Comprehensive Review of the Concept

2009

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Social capital is an old concept but it entered into academic and policy debates only in 1990s. Its importance in explaining economic and social phenomena have been increasingly felt in recent years. Literature on theoretical and empirical aspects of social capital grew significantly during last decade. The whole notion of social capital is centred on social relationships and its major elements include social networks, civic engagement, norms of reciprocity, and generalised trust. Broadly speaking, it is defined as a collective asset in the form of shared norms, values, beliefs, trust, networks, social relations, and institutions that facilitate cooperation and collective action for mutual benefits. It is a complex multidimensional concept having different dimensions, types, and levels of measurement. Common types of social capital include: structure and cognitive; bonding, bridging, and linking; strong and weak; and horizontal and vertical. It can be measured and analysed at individual- and collective-levels in terms of social perspective and micro-, meso- and macro-levels in terms of geographic perspective. The properties of social capital, such as capacity to appear in as an explanatory variable in the production function, accumulation over time, capability of improving economic performance, investment with expected future returns, convertibility, and the need of maintenance, make it qualify as a form of capital, though there are some criticisms about the use of term 'capital' in social capital. Research on social capital remains in its initial stage and the concept is still elusive, prone to contextual definition, deficient in common measurement indicators, inability to explicitly quantify effects, and subject to various criticisms. Conceptual and measurement imprecision has led the concept prone to vague interpretation, less empirical application, and underestimation of its value. More empirical studies and testing of the concept on the ground is needed to develop a commonly accepted definition and measurement indicators that can explicitly disentangle and quantify its effects on overall development processes. Better conceptualisation and operationalisation of social capital theory is helpful to attract more investment on its development, design appropriate social policies, and promote sustainable development.

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Section: Capital Debate Of Social Capitalmentioning

confidence: 98%

Section: Defi Ning Social Capitalmentioning

confidence: 99%

What is Social Capital? A Comprehensive Review of the Concept

2009

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“…If those who bear the costs owned the right to be free of these effects they would also own the right to a different distribution of people and business over space. For example, I hypothesize that no matter how much the people in rural central Michigan get together, they cannot change the economics of location favoring the Detroit metro (Schmid 1991). One household or business cannot better itself by locating elsewhere.…”

Section: Rural Developmentmentioning

confidence: 98%

“…The motor of personal greed is well understood. But the motor of being the subject of care and the giving of care needs to be brought out of the closet (Schmid 2002).…”

Section: Industrial Food Marketingmentioning

confidence: 99%

Discussion: Social Capital as an Important Lever in Economic Development Policy and Private Strategy

Schmid¹

2003

American J Agri Economics

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“…Moreover, an intensive use of social capital does not lead to its devaluation; it raises the value of social capital (Arrow 2000, 4;Solow 2000, 7). An attempt to overcome these difficulties and to consider the "factory" of trust at work recently made by Schmid (2002) concerns mostly one source of trust, sympathy for others ("affect"), and, consequently, only one form of trust, Th. Second, there are no "objective" sources of the information about social capital like prices, which would be suitable for the econometric analysis.…”

mentioning

confidence: 99%

A Distrustful Economy: An Inquiry into Foundations of the Russian Market

Олейник¹

2005

Journal of Economic Issues

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Strengthening network capitalism implies that a common economic space does not exist even within national borders. Does this mean that one cannot speak about the national market, or economic transactions made on a national scale, in post-Soviet Russia? The first section of this paper is devoted to a discussion of the minimal prerequisites for arriving at an arrangement between the participants of a transaction. Then, the analysis will focus on the parameters of the arrangement that conditions the reproduction of economic institutions in Russia. We will pay particular attention to two basic parameters of the institutional environment: the level of trust and the character of authority relationships.

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Using Motive to Distinguish Social Capital from Its Outputs

Cited by 30 publications

References 15 publications

What is Social Capital? A Comprehensive Review of the Concept

What is Social Capital? A Comprehensive Review of the Concept

Discussion: Social Capital as an Important Lever in Economic Development Policy and Private Strategy

A Distrustful Economy: An Inquiry into Foundations of the Russian Market

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