ABSTRACT
Becker (1996) has expanded his treatment of human capital to include various other forms of capital such as personal capital, imagination capital, and, last but not least, social capital. Significantly, Becker views an individual’s social capital as part of his (her) total stock of human capital, where social capital is the relevant past actions by peers and others in an individual’s’ social network and control system. Similarly, as Schneider (2004: 14) notes, Fukuyama describes social capital as “the component of human capital that allows members of a given society to trust one another and cooperate in the formation of new groups”.
