Handbook of Social Capital

Handbook of Social Capital

The Troika of Sociology, Political Science and Economics

Elgar original reference

Edited by Gert Tingaard Svendsen and Gunnar Lind Haase Svendsen

The Handbook of Social Capital offers an important contribution to the study of bonding and bridging social capital networks, balancing the ‘troika’ of sociology, political science and economics. Eminent contributors, including Nobel Prize winner Elinor Ostrom, explore the different scientific approaches required if international research is to embrace both the bright and the more shadowy aspects of social capital. The Handbook stresses the importance of trust for economies all over the world and contains a strong advocacy for cross-disciplinary work within the social sciences.

Chapter 9: Social Capital: The Dark Side

Peter Graeff

Subjects: business and management, organisation studies, social policy and sociology, sociology and sociological theory

Extract

Peter Graeff Introduction In the past decade, the concept of social capital gained tremendous popularity in social science literature. Beside the classical factors of production and human capital, it has now a proper place in the academic discussion. Social capital occurs when people use social relationships to accomplish personal goals. While this idea was picked up in various theoretical concepts, the positive consequences of social capital dominated the scientific debate. Especially if social capital is associated with people’s participation in networks and with interpersonal trust, it was identified as an important resource to solve collective problems (Putnam, 1993). It does have an economic pay-off in the sense that economies with bigger stocks of social capital are more prosperous and grow faster (Knack and Keefer, 1997). But in order to understand the forces driving social capital relationships and to get a more complete picture, negative implications of the social processes deserve attention as well. In literature, negative consequences are inherently part of special social bonds. They are, however, seldom considered as those. Take as an example the distinction between bridging and bonding social capital (Putnam, 2000). These categories refer to the type of cohesion when people are brought together: bridging social capital emerges among heterogeneous group members and bonding social capital takes place among homogeneous members. Bonding ties are aiming at the social network itself and do leave little space for people with different characteristics than those the group members already possess. Typical examples are ethnic groups or...

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