GGRC50H3 Study Guide - Midterm Guide: Economic Capital, Cultural Capital, Social Capital
Document Summary
*in the economy of practice, we need to try to understand capital, and all its forms, and establish laws to understand how different types of capital (interchangeable with power) change into one another. Lecture notes: bourdieu assists in explaining how class inequality persist over time. Cultural capital is something that one acquires for equipping oneself and is reproduced by economic capital. Cultural capital can help people to obtain a higher social status in society. When one possesses more economic capital, it is likely for their children to obtain more cultural capital: exists in three forms: the embodied state (e. g. habitus), objectified state (books, pictures, instruments etc. Social capital is a durable social network of institutionalized relationships of mutual acquaintance and recognition (creating social networks that will enable you to obtain advantages). Whether or not you are a member of a group also depends on the possession of other capital (i. e. economic capital and cultural capital).
