By: Sean Daken, CEO
Social Capital. What is it? The formal concept of social capital was first introduced by L.J. Hanifan, West Virginia’s State Supervisor for Rural Schools, in a scholarly paper he published in 1916.
He defined social capital as “the tangible substances [that] count for most in the daily lives of people: namely good will, fellowship, sympathy and social intercourse among the individuals and families who make up a social unit.” He also concluded that the community as a whole benefits from the cooperation of all its parts.