Transcription of OECD Insights: Human Capital
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OECD Insights: Human Capital
102 OECD Insights: Human CapitalWhat is social Capital ?The concept of social Capital became fashionable only relativelyrecently, but the term has been in use for almost a century while theideas behind it go back further still. Social Capital may first haveappeared in a book published in 1916 in the United States that dis-cussed how neighbours could work together to oversee Lyda Hanifan referred to social Capital as those tangibleassets [that] count for most in the daily lives of people: namelygoodwill, fellowship, sympathy, and social intercourse among theindividuals and families who make up a social unit.
104 OECD Insights: Human Capital is weak or where the state offers few social services: clans can fund the education of relatives and find them work, and look after
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