Evolution of Social Capital
To gain insights into the evolution of the concept of social capital, including details of the historical timeline, associated key leaders/authors/experts, key moments, and activities. The historical information will be used to understand what is coming next in the trends surrounding social capital and its current gaps, needs, and opportunities.
- Although the concept of social capital has been in existence for almost a century, it has only been coined relatively recently.
- The concept has been associated with historical authors such as Simmel, Durkheim, Weber, and Marx, among others.
- It has been linked to particular theories, such as psychological contact theory and social exchange theory.
- Between 1915 and 1990, scholars such as Hanifan, Bourdieu, Coleman were involved with the concept of social capital.
- Between 1990 and 2000, Putnam, Portes, Lin, Woolcock, Burt, Granovetterare some scholars who showed interest in the concept.
- Community, society, politics, economics, public health, organizational development, education are some critical domains that shaped the concept of social capital in the period between 2000 and 2015.
- Different scholars have fronted several definitions. For instance, Author Lyda Hanifan defined social capital as “those tangible assets [that] count for most in the daily lives of people: namely goodwill, fellowship, sympathy, and social intercourse among the individuals and families who make up a social unit.”
Summary of Early Findings
- From the initial hour of research, we gathered a few insights into the concept of social capital, including definition, some essential domains, and some scholars who have been involved in the evolution of the concept.
- However, due to time restrictions, we could not delve deeper into the research to find all the needed information.
- To allow the team to fulfill this research comprehensively, please proceed to choose one or more of the proposed next steps in the scoping section below.
Proposed next steps:
You need to be the project owner to select a next step.
We recommend further research to provide the historical timeline/evolution if social capital. The analysis will touch on how definitions and have changed over time (including associated tenets) and the scholars/experts who fronted such definitions. The analysis will also highlight any key moments/activities (such as economic issues, political events) in the evolution process that has shaped the concept of social capital to-date.
We could also research to (i) identify 2-3 current trends around social capital. For each trend, we will provide what the trend is, 2-3 sentences describing the trend, its impact, and how the society is adjusting to such trends and (ii) 2-3 future trends around social capital. For each trend, we will identify the trend, describe in 2-3 sentences and state how it is expected to impact on the society (economics, politics, etc.)
For a better understanding of the concept of social capital, we could proceed to research and provide 4-5 insights on the concept's current gaps, needs, and opportunities.