Advertisement
Published in:
2019 | OriginalPaper | Chapter
Katja Rost Recommends “The Network Structure of Social Capital” by Ronald S. Burt
Author : Katja Rost
Published in: 21st Century Economics
Publisher: Springer International Publishing
Activate our intelligent search to find suitable subject content or patents.
Select sections of text to find matching patents with Artificial Intelligence. powered by
Select sections of text to find additional relevant content using AI-assisted search. powered by
Abstract
Burt connects sociology with economic insights. He argues that short-run advantages on the path to equilibrium in markets can be explained by network entrepreneurs: by brokerage in the social structure of relationships. Societies are markets in which people exchange a variety of goods and ideas in pursuit of their interests. Certain people and groups receive higher returns to their efforts by enjoying higher incomes, becoming prominent, or leading more important projects. From a human capital point of view, people who do better are more skilled. From a social capital point of view, people who do better are better connected.