“The economic stream, on the other hand, flies in the face of empirical reality: persons' actions are shaped, redirected, constrained by the social context; norms, interpersonal trust, social networks, and social organization are important in the functioning not only of the society but also of the economy.” (Coleman, 1988)
“Like other forms of capital, social capital is productive, making possible the achievement of certain ends that in its absence would not be possible.” (Coleman, 1988)
“A given form of social capital that is valuable in facilitating certain actions may be useless or even harmful for others.” (Coleman, 1988)
“Because purposive organizations can be actors ("corporate actors") just as persons can, relations among corporate actors can constitute social capital for them as well (with perhaps the best-known example being the sharing of information that allows price-fixing in an industry).” (Coleman, 1988)
In class, we discussed how social capital could be just as important as monetary capital. Having connections and knowing people can get you far tp reach monetary capital
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