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Social capital is a concept used in sociology and economics to define networks of relationships which are productive towards advancing the goals of individuals and groups. [1] [2] It involves the effective functioning of social groups through interpersonal relationships, a shared sense of identity, a shared understanding, shared norms, shared values, trust, cooperation, and reciprocity.
The social market economy (SOME; German: soziale Marktwirtschaft), also called Rhine capitalism, Rhine-Alpine capitalism, the Rhenish model, and social capitalism, [1] is a socioeconomic model combining a free-market capitalist economic system alongside social policies and enough regulation to establish both fair competition within the market and generally a welfare state.
Welfare capitalism is capitalism that includes social welfare policies. Today, welfare capitalism is most often associated with the models of capitalism found in Central and Northern Europe such as the Nordic model, social market economy and Rhine capitalism.
The culture of capitalism or capitalist culture is the set of social practices, social norms, values and patterns of behavior that are attributed to the capitalist economic system in a capitalist society.
Social reproduction describes the reproduction of social structures and systems, mainly on the basis of particular preconditions in demographics, education and inheritance of material property or legal titles (as earlier with aristocracy). Reproduction is understood as the maintenance and continuation of existing social relations.
Democratic capitalism, also referred to as market democracy, is a political and economic system that integrates resource allocation by marginal productivity (synonymous with free-market capitalism), with policies of resource allocation by social entitlement. [1]
While not against the market and property he was firmly against capitalism as it was, in his eyes, a state-supported monopoly of social capital (tools, machinery, etc.) which allows owners to exploit their employees, i.e., to avoid paying workers the full value of their labour.
The concept of science capital draws from the work of Bourdieu, particularly his studies focusing on the reproduction of social inequalities in society. Science capital is made up of science-related cultural capital and social capital as well as habitus. It encapsulates the various influences that a young person's life experiences can have on ...