Social capital exists as obligations, information flows, and sanctioned norms
Evidence
In explicating the concept of social capital, three forms were identified: obligations and expectations, which depend on trustworthiness of the social environment, information-flow capability of the social structure, and norms accompanied by sanctions. A property shared by most forms of social capital that differentiates it from other forms of capital is its public good aspect: the actor or actors who generate social capital ordinarily capture only a small part of its benefits, a fact that leads to underin- — Coleman, SocialCapitalCreation-1988, 236
Categorization
- DEFINE: Defines the three-component structure of social capital and the public-good property that distinguishes it from other capital.
- SEED: The public-good aspect that leads to underinvestment in social capital is a useful lever: a community that under-generates trust because no one captures the full benefit.
- XREF: connects to: Social capital facilitates actions that would otherwise be impossible. — Coleman, SocialCapitalCreation-1988, 39; Self-sacrifice for the collective is a key form of social capital. — Coleman, SocialCapitalCreation-1988, 104; Social capital consists of networks, not the trust they generate (+8 more)
Broader Connections
- Social capital consists of networks, not the trust they generate
#contradicts(0.80) - Trust-based obligations function as exchangeable credit within social relationships.
#exemplifies(0.80) - Social capital is productive, structural, and defined by its function.
#expands(0.75)