Although there is much debate over the various types of social capital, the following three categories are accepted as subtypes of social capital.īonds – Bonds between people based on a common identity. The author Lyda Hanifan described social capital as “those tangible assets 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”Īs seen from the above descriptions, there are various definitions for social capital. According to Bourdieu, social capital is something that has to be acquired. What is Social Capitalīourdieu explained social capital as “the aggregate of the actual or potential resources which are linked to possession of a durable network of more or less institutionalized relationships of mutual acquaintance and recognition.” It generally refers to the resources we gain from being part of a network of social relationships, which include group membership. This is the key difference between social and cultural capital. Cultural capital refers to social assets that promote social mobility beyond economic means. Social capital refers to the resources that are gained by being a part of a network of social relationships. Social and cultural capital are two types of capitals that were identified by Pierre Bourdieu. Key Difference – Social vs Cultural Capital
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