Social Capital Versus Social Theory: Political Economy and by Ben Fine

By Ben Fine

The assumption of Social Capital is an try to contain social concerns into mainstream fiscal considering. Its proponents believe that social elements are thoroughly quantifiable. So, they use the compex algebra and statistics cherished of mainstream monetary concept and degree 'units' of healthiness care or schooling within the related method that they might equipment or transport.
Ben Fine's major argument during this publication is that such concers can't be judged when it comes to mathematical tools and that to aim t odo so is overly simplistic.
Fine assesses the effect of Social effect around the social sciences and exhibits how monetary research is being subsumed into those components and the way considering in sociology and politics affects upon economics.

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Additional 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 the concluding remarks, the notion of social capital is understood as a particularly intense form of commodity fetishism. For, by it, capital is understood as asocial, so that the social can be brought back in having been arbitrarily excluded in the first place. 2 One of the merits and motives for the use of social capital as a conceptual tool is that it seeks to integrate economic with non-economic analysis or at least for the 26 The enigma and fluidity of capital two to complement one another.

In short, with each of the forms of industrial capital, there is associated a particular corresponding understanding of capital—as finance, as instrument of production, or as an asset that can command purchasing power. 11 The crucial point that follows is that the failure fully to recognise and specify the fluidity of capital appropriately leads, paradoxically, to an even greater fluidity in its definition. This is because any recurrence of any one of its forms in any context—whether attached to capitalism or not, and not necessarily in a logical relation to its other forms—is potentially open to misconstrual as capital.

As a result, commodity capital induces the notion that anything that can be sold is capital, even if not in pursuit of a surplus but for whatever purpose. ”. In short, with each of the forms of industrial capital, there is associated a particular corresponding understanding of capital—as finance, as instrument of production, or as an asset that can command purchasing power. 11 The crucial point that follows is that the failure fully to recognise and specify the fluidity of capital appropriately leads, paradoxically, to an even greater fluidity in its definition.

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