Question

In: Economics

Differentiate between embodied, objectified, and institutionalized cultural capital.

Differentiate between embodied, objectified, and institutionalized cultural capital.

Solutions

Expert Solution

Culture exixts in an embodied state, implying that wisdom gained by people over time, through socialization and education, remains within them. The further they acquire such types of embodied cultural capital, such as experience of classical music or hip-hop, the more they are prepared to seek it out. As for norms , practices, and skills such as table manners, language, and gendered behavior, people also behave and exhibit embodied cultural capital as they travel around the world and communicate with others.

Cultural capital also exists in an objectified state.. This relates to the material artifacts belonging to individuals that can contribute to their educational activities (books and computers), jobs (tools and equipment), clothing and accessories, household goods in their homes (furnishings, appliances, decorative items) and even food they buy and prepare. Such objective sources of cultural capital tend to reflect one's own economic class.

Cultural capital, finally, exists in an institutionalized state. This refers to the manner in which cultural capital is assessed, accredited and rated. Academic credentials and degrees are prime examples of this, such as work titles, political positions and social roles such as husband , wife, mother and daughter.

With economic capital, a individual may purchase access to prestigious educational institutions, which then reward one with valuable social capital. In addition, both social and cultural capital gained at an elite boarding school or college can be exchanged for economic capital through social networks, expertise, beliefs and attitudes that lead to high-paying jobs. Everybody has cultural capital and uses it on a regular basis to manage society. All types are true, but the hard truth is that they are not equally accepted by the institutions of society. This results in real economic and political implications that deepen the social divide.


Related Solutions

Explain the concept of cost of capital and differentiate between it and weighted-average cost of capital....
Explain the concept of cost of capital and differentiate between it and weighted-average cost of capital. What are the advantages and disadvantages of common versus preferred stock? Describe the potential conflict of interest that exists between credit rating agencies (Moody’s, Standard and Poor, and Fitch) and companies to which they are giving bond ratings
15- When someone accepts the cultural goals of society but rejects the institutionalized means for achieving...
15- When someone accepts the cultural goals of society but rejects the institutionalized means for achieving them, this is referred to by Merton as: Conformity Innovation Ritualism Retreatism 16- According to Currie (1997), Market Societies are: seen in all capitalist societies seen only in capitalist societies that are out of balance because market principles overwhelm both family and social values seen in societies with compassionate capitalism None of the Above 17- In the article by Currie (1997), it is argued...
State TWO (2) factors that differentiate between the Rate of Return and Cost of Capital.
State TWO (2) factors that differentiate between the Rate of Return and Cost of Capital.
Define Capital Rationing in details? and differentiate between accounting vs. Financial break-even?
Define Capital Rationing in details? and differentiate between accounting vs. Financial break-even?
What is cultural health capital? Which populations are least likely to have cultural health capital? How...
What is cultural health capital? Which populations are least likely to have cultural health capital? How does low cultural health capital affect doctor-patient relationships?
Explain why TQM strategy needs to be institutionalized in an organization and distinguish between the three...
Explain why TQM strategy needs to be institutionalized in an organization and distinguish between the three commonly found organizational means for institutionalising strategies.
What is the distinction between institutionalized and isolated discrimination? Can discrimination be unintentional as well as...
What is the distinction between institutionalized and isolated discrimination? Can discrimination be unintentional as well as intentional? Explain your answer.
A. Differentiate between revenue expenditure and capital expenditure B. Classify the following transactions as revenue (Income)...
A. Differentiate between revenue expenditure and capital expenditure B. Classify the following transactions as revenue (Income) or capital in nature? 1. Sale of manufactured paints. 2. Contract to provide services to repair dilapidated building. 3. Purchase of raw material to manufacture garments. 4. Construction of a warehouse to house finished goods for distribution. 5. Proceeds of an insurance policy covering loss of profits for damage done to the business premises because of a fire. 6. Repairs of 90% of business...
1. Differentiate between the insurance of indemnity and compensation 2. With vivid examples, differentiate between a...
1. Differentiate between the insurance of indemnity and compensation 2. With vivid examples, differentiate between a debtor and a creditor as it affects the mortgage. 3. Discuss the meaning of Bankruptcy a. What are the types of bankruptcy b. In Canada, what type of court handles bankruptcy matters and why
Differentiate between interview and questionnaire.
What do you mean by interview and differentiate between interview and questionnaire.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT