Social Capital

Broadly speaking, social capital is the accumulation of the efforts that we put into our relationships with others.

When we spend time and share conversations with our friends and family, we are creating what psychologists call, social capital.

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When we spend time and share conversations with our friends and family, we are building social capital from our relationships.{.bg-red}

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The roots of social capital date back to John Dewey’s 1899 proposal that the University Elementary School elementary schools serve as a template for future students where the school becomes a social center.

proposed concept of social roots that date back to the early

Social capital is the product from building relationships with others. When you hear the question, should I invest time in this relationship, the underlying premise is the question, should you build social captial from this relationship.

Psychologists list the positive aspects of a relationship as trust, comfort, and expectations.

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Why the word capital? From a financial perspective, capital refers to the accumulation of a sum for a certain purpose. Capital is based on an investment over time, just as one would consider an investment of time and energy towards a positive personal relationship. Just as financial capital is a final accrual of monies, so to is social capital a final accrual for friendship and commaldary.

Social capital is bonding result that forms a group of people who share common experiences, expectations, values or some combination. Building social capital takes calendar time, frequency of connections, and a shared sense of self.

At school, children are surrounded by opportunities to build social capital. Groups form naturally around school activities from music programs and academic clubs to sporting organizations. Even by virtue of a child’s classroom or school, two levels of community, offer opportunies for children to gain social capital.

School peers and formats also offer children to opportunity to learn how to create social capital.

Over time, as we age we tend to focus on our work groups and profession, casual peer groups are harder to maintain. Social capital through work appears more transactional and not steadfast.

When you first move to a new town or city, where do you start your social network?

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References

Nahapiet, J., & Ghoshal, S. (1998). Social Capital, Intellectual Capital, and the Organizational Advantage. The Academy of Management Review, 23(2), 242–266. https://doi.org/10.2307/259373

Ostrom, E. (2009). What is social capital. Social capital: Reaching out, reaching in, 17-38.