SLIDE 1

SLIDE 2
- Social capital is a term that is recently added
to field of Political Sociology.
- It came from the economic concept of capital
where in it refers to the services and goods
that is produced for the market.
- Furthermore, the economic capital is not
limited to the services and goods it could also
be through money, in this sense economic
capital could also be financial capital. On the
other hand, the labors of the workers including
their trainings which need investment are the
physical capital itself.
- The social concept of capital then is a little
different from the economic concept of capital.
It is lodged neither in individuals nor in
physical implements of production but inheres
in the structure of relations between and
among persons (Coleman, 1994)
- it means that
social capital is also a
resource like economic capital yet it is a
resource that facilitates action.
SLIDE 5
- social capital begins in the assumption that
individuals see organizations and social
institutions as contexts which affect choices
and produce systemic effects
SLIDE 6
1. loan association where everyone would
contribute then they will take trun every month
so everyone could use their central fund. It
requires a high level of trust to to join this
association. The destruction of this social
capital would allow the development of
capitalism
2. used to cut the cost of information using
networks of relations that exist for other
purposes. example, baker system
3. morms are used for social control. Norms
constrain deviant but it also constrain
innovativeness
4. vesting authority in a charismatic leader is a
way of creating social capital

* social cpital is also not a private property it is

for public good. It useful for certain purposes
and as time changes it could loose its
effectiveness. Thus it could be created,
maintained and destroyed
1. improvement of trustworthiness is lacking. It
could be communication etc., This leads to the
closure of social networks.
2. in the course of time mobility of individuals
tends to destroy social capital. only formal
organizations survive mobility of individuals
because there are hierarchies or positions.
3. some doctrines inhibits the creation of social
capital .
Ex;
ang Chinese para sa Chinese
A Christian should convert first before
marrying a Msulim
4. the more extensively persons call on one
another for aid, the greater will be the quantity
of social capital generated
Ex:
SLIDE 9
- Institutional performance definition: the
capacity of regional governments to implement
political choices
- Despite the fact that regions have the same
institutional set up, differences in context
mean that institutions work in different ways
- The building of the necessary social capital is
the key which opens the door of democracy
*

People participate more

because
they
feel
empowered
and investment
trust to their
government
- Used Almond & Verbas typology of political
cultures
* participants (rational and
informed)
* subjects (display trust in
authorities
&
deference)
- Lack of participants and subjects defines
a parochial type

5. multiplexity of relations among people.

SLIDE 7

* Italy
- Overview:

Same institutional set up +

difference in context =

different
institution work

ways of how an

liberalist economies are performing best at the

moment.

Difference in performance is
explained according to
countrys
level
of
(fabric
of

SLIDE 15
- The two underestimated the problem and role
of politics in social organization since they
focused their discussions on culture
* PUTNAM culture is vital in success
of
institutions and state
but fails to
consider
how
the processes of
the
building of the modern
state
has influenced the
formation or preservation of
cultural
traits
* FUKUYAMA Culture is vital in the
development of
industries and
capitalism but
he is not clear on
what
he want politics to do but it
has to
intervene as little as
possible and avoid causing
damage because political
action constantly risks
destroying
social capital
SLIDE 17
- It emphasized small-scale spontaneous
society of today in the rationalized large-scale
society today

the
civicness
values, norms,
institutions and associations
which permit and support civic
commitment)
Features
solidarity,
tolerance

of

social
mutual

trust:
trust,

- Application: performance of institutions

depends on the social capital of the civil
society. Both states and markets operate more
effectively if the context has a rich civic
tradition, that is to say the important legacy of
social capital.

SLIDE 12
- that is Fukuyamas conclusion in his study
- Civil society (firms, associations, schools,
clubs, trade unipons etc.,) is founded on the
family as the center of any societys cultural
socialization, values and moral precept that is
why I is so important
- Economic efficiency can be obtained inside
groups in which persons work well together on
the basis of common values depending on their
endowment of social capital or the capability of
people to work together in groups and
organizations in pursuit of common goals
- Culture plays a decisive role as
considered an inherited ethical habit

it

is

- Culture for improvement of industry or

capitalism
- Specific culture selects a specific industrial
structure and the structure determines the
sector of the global economy in which
countries in question can achieve success
- Political Economy (is the school that helped in
explaining the disadvantages of European
forms of Keynesian Capitalism through
developing different models of regulation and
allocation to address the problems of system
integration and social integration making the
model of America as the center stage, most

- Rediscovered the world of direct, face-to-face

interactions and how it helps us understand a
society
- Also interested on micro to macro and macro
to micro
- The weakness of Putnam and Fukuyamas
concept proved that James Colemans concept
is better because first because he employed a
paradigm
of
action
instead
of
a
deterministic and causal paradigm.
Meaning, social capital can be created,
maintained and destroyed. Secondly, he
emphasized that actors are responsible for the
production of culture and not just reproduction
of culture through activating the embedded
social capital in the structures itself. There are lots of question to address; social
capital is important but still needs to be
perfected, should not overburdened and should
be handled with care.
SLIDE 18
- The grand theory of Coleman and the
spectacular concepts of Putnam and Fukuyama
leave the term social capital as term that still
needs to be refined and handled with care.
Since it is a new term it is still sensitive to
modification and burden that could change or
to some extent deepen it nature.