Chapter 6 the forms of capital
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Chapter 6 The Forms of Capital. “The social world is accumulated history.”. Normative Belief in Life. Roulette  imaginary universe of perfect competition or perfect equality of opportunity Reality: heredity and acquired properties  accumulation. Reality of the World.

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Chapter 6 The Forms of Capital

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Chapter 6 the forms of capital

Chapter 6The Forms of Capital


Chapter 6 the forms of capital

“The social world is accumulated history.”


Normative belief in life

Normative Belief in Life

Roulette  imaginary universe of perfect competition or perfect equality of opportunity

Reality: heredity and acquired properties  accumulation


Reality of the world

Reality of the World

Structure of the distribution of different types of capital represents the immanent structure of the social world 

Set of constraints inscribed in the reality


Capital

Capital

Three types:

  • Economic  money/property

  • Cultural capital  knowledge/educational credentials

  • Social capital  networks/connections


Cultural capital

Cultural Capital

** notion of cultural capital made it possible to explain the unequal academic achievement of children from different social classes

Norm  academic success/failure is an effect of natural aptitudes


Cultural capital1

Cultural Capital

** Academic ability/talent is itself the product of an investment of time and cultural capital

** Scholastic yield from education  cultural capital invested by family mobilized by Social Capital


Embodied state

Embodied State

External wealth converted into an integral part of the person  recognized as legitimate competence; as inherent in the person

** Accumulation of Cultural Capital starts at the outset only for families endowed with Cultural Capital

Covers the entire period of socialization; specifically free from time from economic necessity; ** precondition for initial accumulation


Objectified state

Objectified State

Material objects:

  • Books

  • Writings

  • Paintings

  • Art

    ** can be appropriated both symbolically or materially  obtain profits based on mastery of the object


Institutionalized state

Institutionalized State

Academic qualifications  certificate of competence

** Performative magic of the power of instituting  impose recognition

Chance of profit offered specific to types  depend on scarcity and investment


Social capital

Social Capital

Network of institutionalized relationships of mutual acquaintance and recognition:

  • membership in a group

  • provides members with collectively owned capital

  • credentials that entitles them to credit i.e. family name

  • size of the network s/he can mobilize and the volume of capital possessed by each

  • group as homogenous as possible

    Reproduction  continuous series of exchanges in which recognition is offered and reoffered


Conversions

Conversions

  • Economic capital is at the root

  • Transmitted by family

  • Ability to purchase time

  • Transmission of Cultural Capital

  • Delay entry into the work force

  • Prolonged schooling

  • Invisible in the process of status attainment


Entitlements

Entitlements

Birth determines transmission of entitlements 

Institutional mechanisms control the official direct transmission of power and privilege


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