This article starts of by describing economic theory which essentially states that any interaction can be turned into a mercantile exchange. The article then shifts to discuss the three forms of capital: economic, social, and cultural. Economic capital is anything that is directly convertible into money. Cultural capital exists in three different forms: embodied, objectified, and institutionalized. Embodied is the form of one’s disposition or mindset, objectified is when something is in the form of a good, and institutionalized refers to education.
Social capital is truly where my interest lies. Social capital is being a member of a group or groups that provide some sort of credential or credit. The point was made that the volume of social capital is directly connected the number of individuals one can meet. I think this is very true as meeting new people now often helps a person down the road later in life. This is very relate-able to networking for getting a job. In this instance social capital can directly be turned into economic capital as the better connections a person is able to make, the better job offers they will have access to. This is important to the economic value of writing as it shows the power of professional writing to reach out to those who offer some sort of capital.
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