||53 of 54 people found the following review helpful.| The network structure of social capital|By Edward Vielmetti|"The Network Structure of Social Capital" by RonaldBurt at the U Chicago Graduate School of Business is one paper thatheld my attention. "Social capital" is a metaphor for the accumulated wealth built up in a personal network; better connected people have more social capital, and as a result they gain advantages in||The theoretical ideas in [Structural Holes] are bold, creative and parsimonious... there is superb handling of data. Both in his theorizing and in his methodology, in all brevity, Burt displays that rare quality which C. Wright Mills termed 'the so
Ronald Burt describes the social structural theory of competition that has developed through the last two decades. The contrast between perfect competition and monopoly is replaced with a network model of competition. The basic element in this account is the structural hole: a gap between two individuals with complementary resources or information. When the two are connected through a third individual as entrepreneur, the gap is filled, creating important advantages for...
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