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- Arnaldo Bagnasco (2003). Social Capital in Changing Capitalism. Social Epistemology 17 (4):359 – 380.
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Discussion surrounding Marx's distinction between productive and unproductive labor too often fails to distinguish between the various forms that unproductive labor may assume and is too hasty to subsume the income of workers "unproductively" employed by capital as a non-profit component of social surplus-value. Against this, it may be argued that many forms of unproductive labor are socially necessary to the social capital and are therefore properly viewed as systemic overhead costs. As such, they should be treated, in value-theoretical terms, as elements of the constant capital flow. The implications of this approach are explored for crisis theory and the evolution of the class structure with particular reference to the Canadian experience in this century.
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In addition to its importance in analyzing imperialism, Lenin's Imperialism, The Highest Stage of Capitalism is also a key contribution to the Marxian theory of stages of capitalism. Lenin's Imperialism proposes the concept of a new stage of capitalism as the solution to the theoretical crisis within Marxism that emerged with capitalist recovery at the turn of the 20th century. In Lenin's argument, the emergence of monopoly capital resolved the great depression at the end of the 19th century. This conception of imperialism influenced the American monopoly capital school and through it the contemporary social structure of accumulation description of capitalist stages. Lenin's work is also the direct ancestor of Ernest Mandel's concept of the late capitalist stage and of the Japanese Uno School's stage theory.
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When we read Karl M&IX,S descriptions of the capitalist mode of production in Capital amd other writings, all our instincts tell us that these are descriptions of an unjust social system. Marx describes a. society in which one small class of persons lives in comfort and idleness while another class, in ever-increasing numbers, lives in want and vvrctchedncss, laboring to produce thc Wealth enjoyed by the fixst. Marx speaks constantly of capitalist "exploitation" of the worker, and refers to the creation of surplus value as the appropriation of his "unpaid 1abor" by capital. Not 0nly docs capitalist society, as Marx describes it, strike us as unjust, but his own descriptions of it themselves seem to connote injustice. When we look in the writings of Marx and Engels for a detailed account 0f the injustices of capitalism, however, We discover at once that not only is there no attempt at all in their writings to provide an argument that capitalism is unjust, but there is not even the explicit claim that capitalism is unjust 01* incquitablc, 01* that it violatcs anyonds rights. We find, in fact, explicit denunciations and sustained criticisms of social thinkers (such as Pierre P:roudhon and Ferdinand Lassalle) who did condemn capitalism for its injustices or advocated some form of socialism as a. means of securing justice, equality, or the rights of man. We even find, perhaps to our surprise, some faixly explicit statements to the effect that capitalism, with all its manifold defects, cannot be faultcd as far as justice is concerned. Whatever else capitalism may be for Marx, it docs not seem that it is unjust.
In the first volume of Capital, Marx introduces a labor theory of value. The theory is supposed to form the basis of his “laying bare” the “inner workings” of capitalism. The theory rests on two claims, and at the outset Marx uses it to explain four features of capitalist production. Yet by the end of the final volume of Capital, he abandons both claims and offers alternative accounts of all four features of capitalism. We hold that Marx’s introduction of the labor theory of value is not the presentation of an alternative economic theory, but serves to introduce his analysis of the class structure of capitalism.
In this article, we propose a revised definition of social capital, premised on the principles of evolutionary psychology. We define social capital as any feature of a social relationship that, directly or indirectly, confers reproductive benefits to a participant in that relationship. This definition grounds the construct of social capital in human nature by providing a basis for inferring the underlying motivations that humans may have in common, rather than leaving the matter of what humans use capital for unspoken. Discussions and empirical reviews are presented on the innateness of human sociability, sex differences in sociability, and psychological mechanisms that mediate sociability.
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Machine generated contents note: -- Acknowledgements -- Introduction -- Overcoming Indifference -- Social Capital -- Ethics for Enduring Social Capital -- Social Capital and Happiness -- Social Capital and Law -- Giving Back -- Global People -- Bibliography -- Index.
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The emergence of the two facets of social capital, the individual and the collective, has contributed to much of the confusion in the field of social capital. The overall objective of this article is to elaborate on a theoretical model aiming at clarifying some bridges between the facets and dimensions of social capital previously suggested in the literature. Initially, the article shortly presents and discusses some important definitions of social capital. Furthermore, limitations and shortcomings of previous definitions are discussed. Moreover, a theoretical model is elaborated on suggesting that social capital comprises social resources that evolve in accessible social networks or social structures characterized by mutual trust. This model also emphasises some of the potential dark sides of social capital. The presented definition does not definitively address the theoretical uncertainties in the field; however, it suggests that a resource-oriented notion of social capital could be useful in bridging the facets of social capital.
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This paper synthesises a collaborative review of social capital theory, with particular regard for its relevance to the changing educational landscape within Scotland. The review considers the common and distinctive elements of social capital, developed by the founding fathers-Putnam, Bourdieu and Coleman-and explores how these might help to understand the changing contexts and pursue opportunities for growth.
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The disruption -- Capital assembled -- Capital goes to work -- Capital goes to market -- Capital evolves -- The geography of it all -- Creative destruction on the land -- What is to be done? And who is going to do it?
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Discussion of Arnaldo Bagnasco, Social capital in changing capitalism
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