Millennials, Social Capital, and Decision Making
Sociology Ph.D. student, Rutgers University
In his landmark book, Distinction, Pierre Bourdieu laid out a framework that characterized social stratification as the unequal distribution of “capital” among members of a given society. Bourdieu broadly defines capital as accumulated labor that can be found in material objects (such as valuable household items), embodied within individuals (such as unique knowledge or a skill that one might possess), or institutionalized. Bourdieu argues that it is by possessing capital that individuals gain social status; however, there is a limited quantity of capital within a social sphere, consequently motivating individuals to hoard capital to gain an advantage over others.
Capital is found in three forms: economic, cultural, and social. Whereas economic capital is that which can easily be converted into money, cultural capital includes accumulated knowledge, behaviors, or skills that demonstrate cultural competency. Finally, and of interest to this post, social capital encompasses realized or potential resources connected to one’s social network.
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