According to Bourdieu, a founding theorist of Social Capital Theory, there are three basic types of capital; economic, cultural and social.
- Most of us know what economic capital is – capital that can be converted immediately and directly into money
- Cultural capital is tied to the educational system and all of the holders of this Capital can at some point convert it into economic capital. Cultural capital is generally grounded in skills and knowledge.
- Social capital is capital based on relationships that provide useful support when needed and those relationships are built on trust.
Bourdieu also states the volume of social capital possessed by a given agent (…) depends on the size of the network of connections he can effectively mobilize and on the volume of the capital (economic, cultural or symbolic) possessed in his own right by each of those to whom he is connected”.
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