Elgar original reference
Edited by Luigino Bruni and Stefano Zamagni
Chapter 31: Social and civil capital
The broad idea that economies and societies may work better if they can rely on an abundant ‘capital’ of trust, civic norms, associational networks and well functioning institutions has been inspiring for a great number of social scientists. The concept of ‘social capital’ has provided a useful lexicon for some of these ideas. Yet no consensus has been reached on the definition of this concept. While this has led some scholars to question social capital as an analytical tool, its popularity in social sciences has kept rising, both because it provides a bridge between different social sciences, and because different empirical measures of social capital have proved to be powerful explanatory factors for a wide array of relevant phenomena. I first discuss some of the most popular definitions of social capital, then turn to the empirics of its measures, effects and accumulation, with the aim to tackle some crucial issues, but without any ambition of exhaustiveness. In particular, I will pay less attention to theoretical models of social capital, as well as to policy implications, because the theoretical literature mostly looks for finer distinctions than the broad category of social capital, and policy implications are hard to draw at a general level.
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