By Ben Fine
The belief of Social Capital is an try to contain social concerns into mainstream financial pondering. Its proponents think that social elements are thoroughly quantifiable. So, they use the compex algebra and information liked of mainstream financial idea and degree 'units' of well-being care or schooling within the comparable method that they might equipment or transport.
Ben Fine's major argument during this e-book is that such concers can't be judged when it comes to mathematical tools and that to attempt t odo so is overly simplistic.
Fine assesses the influence of Social effect around the social sciences and exhibits how monetary research is being subsumed into those parts and the way pondering in sociology and politics affects upon economics.
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Extra resources for Social Capital Versus Social Theory: Political Economy and Social Science at the Turn of the Millennium (Routledge Studies in Contemporary Political Economy)
Sample text
In Marxist political economy, however, the primary distinction is not between market and non-market. Rather, it is based on the distinction between the aggregate circulation of industrial capital, just described, which includes the non-market relations attached to the production of a surplus but not other non-market relations, and the broader social environment upon which such economic reproduction depends. In other words, capital is social in being associated with a structural division between economic and what is termed “social reproduction”.
First, he is driven by reductionist logic. Second this is attached to personal idiosyncrasies reflecting his role as economist with perfectly competitive (moneyand unemployment-less) economy as starting point. Third, this logic and starting point provide the basis, only touched upon so far, for pushing out the boundaries of the economic approach by making endogenous, or variable and to be analysed, what was previously exogenous, not least in subsuming the social within the economic approach. With no apparent sense of irony given the extent of his reductionism, Becker considers that economists have been unduly concerned with technical formalities within their own discipline at the expense of addressing the concerns of others (p.
It would no longer appear to be possible to consider capital, or anything else at all, except in its social context. As will be seen throughout this book, the theoretical literature on social capital has been particularly careless in its consideration of the historical and social contexts in which its object of 28 The enigma and fluidity of capital study has been located. It is, then, scarcely surprising that it should be equally careless at the outset in investigating the social content of the capital from which social capital takes its point of departure.
