capital
1 Man-made material resource used or available for use in production, for example machinery. This is also referred to as physical capital.2 Material or financial wealth, accumulated by an individual ...
civic culture
A political culture characterized by (1) most citizens' acceptance of the authority of the state, but also (2) a general belief in participation in civic duties. The term was systematically deployed ...
civil society
The set of intermediate associations which are neither the state nor the (extended) family; civil society therefore includes voluntary associations and firms and other corporate bodies. The term has ...
Coleman Report
An influential and controversial study, published by the US Government in 1966, under the title Equality of Educational Opportunity. The coauthored report was based on an extensive survey of ...
Community Economic Development
Community economic development (CED) is an integrated approach to development aimed at building wealth, capabilities, and empowerment in low-income and low-wealth communities. Nonprofit organizations ...
cultural capital
A term introduced by Pierre Bourdieu to refer to the symbols, ideas, tastes, and preferences that can be strategically used as resources in social action. He sees this cultural capital as a ...
economic capital
Economic resources (monetary and property assets). For the wealthy bourgeois this is ‘the dominant principle of domination’, transferable from generation to generation and thus effective in ...
economic growth
The expansion of the output of an economy, usually expressed in terms of the increase of national income. Nations experience different rates of economic growth mainly because of differences in ...
human capital
The present discounted value of the additional productivity, over and above the product of unskilled labour, of people with skills and qualifications. Human capital may be acquired through explicit ...
individualism
A philosophical belief and political ideology that gives primacy to the interests of the individual, rather than the interests of the community, perhaps even the family. A prevalent belief system in ...
James S. Coleman
(1926–95)A much honoured American sociologist, prolific author and co-author of numerous monographs and scholarly papers (some 28 books and more than 300 articles), who was for much of his ...
market failure
A situation in which a market does not operate efficiently. Factors that may cause market failure include the possession of market power by transactors, externalities, or information problems. See ...
Pierre Bourdieu
(1930 –)A French sociologist and anthropologist whose work focuses on the reproduction of social patterns of power, the strategic behavior of individuals and groups, and the margin of improvisation ...
shadow price
Prices of goods, services, and resources that are proportional to true opportunity costs for the economy, taking account of any externalities. If individuals and firms all made choices to maximize ...
social justice
The objective of creating a fair and equal society in which each individual matters, their rights are recognized and protected, and decisions are made in ways that are fair and honest.
Social Policy
Precisely what counts as a social policy is a matter of debate. Both words are problematic. The term policy commonly refers to a more or less clearly articulated set of ideas about what should be ...
symbolic capital
‘The various forms of distinction and prestige acquired through cultural recognition…the form that the various species of capital assume when they are perceived and recognized as legitimate’ (P. ...
tenpin bowling
An indoor game played between individuals or teams, in which a ball is bowled down a smooth wooden ‘lane’ towards a set of ‘pins’ arranged in a triangular fashion, with the aim of knocking all of ...
true cost
The sum of the market and non‐market (social) costs associated with the production and use of goods and services.
voluntary sector
A sphere of social action and human organization that is based upon neither the market (the private sector) nor the government (the state), but upon the self-organized activities and institutions of ...
