Social Capital By Robert Putnam

1849 Words8 Pages
Social Capital : Robert Putnam
Professor name – Dr. Josephine Anthony
Ramesh Prakash Khade

Social capital refers to the resources available in and through personal and business networks. Social capital defines that social networks have value. Social capital also refers to collective value of all “social networks” and the fact arise from the things doing for each other in networks. The term Social Capital emphasizes not just feelings but, a wide variety of benefits which flow from trust, reciprocity, information, and cooperation with social networks. Michael woolock states in his papers that among the people working in the field, there has been a visible convergence towards something like its definition he offers. Networks have the value for the people who are in them, and they have. There are both public and private faces of social capital. Putnam in social capital largely focusing on the external returns, the public returns to social capital, but Putnam think that is not at all inconsistent with the idea that there are also private returns. Capital emphasize that social capital whether physical capital was homogeneous to be susceptible to aggregate measurement. There is debate going on human capital and social capital obviously there are many different forms of physical capital for eg. An egg-beater and an aircraft carrier enter into the American national accounts as little bits of physical capital, and yet they are not interchangeable.
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