Chapter 6 The Forms of Capital. “The social world is accumulated history.”
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Transcript of Chapter 6 The Forms of Capital. “The social world is accumulated history.”
![Page 1: Chapter 6 The Forms of Capital. “The social world is accumulated history.”](https://reader035.fdocuments.net/reader035/viewer/2022071805/56649ccd5503460f9499838f/html5/thumbnails/1.jpg)
Chapter 6The Forms of Capital
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“The social world is accumulated history.”
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Normative Belief in Life
Roulette imaginary universe of perfect competition or perfect equality of opportunity
Reality: heredity and acquired properties accumulation
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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
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Capital
Three types:
• Economic money/property
• Cultural capital knowledge/educational credentials
• Social capital networks/connections
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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
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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
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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
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Objectified State
Material objects:
• Books
• Writings
• Paintings
• Art
** can be appropriated both symbolically or materially obtain profits based on mastery of the object
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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
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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
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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
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Entitlements
Birth determines transmission of entitlements
Institutional mechanisms control the official direct transmission of power and privilege