On the other hand social capital refers to relationships between individuals and within communities. Clearly, human capital is crucial for the creation of social capital to the extent that skills of communication, knowledge and ability to work with others provides an important underpinning for social capital. Social capital analysis turns attention to the often neglected part played by networks and information channels, trustworthiness, and norms and expectations in political, social and economic life. It deals with social relationships underlying economic performance. An application of this is the role of organisational learning, information-sharing and work organisation at the level of the enterprise or organisation.
Many economists like to work with things and values.
Moreover, human capital is embodied in individuals and therefore can be measured in terms of what individuals know or are capable of producing. That said, measurement and definition in the area of human capital is far from perfect and controversy persists. Social capital is lot harder to measure or to pin down in terms of some neat operational definitions. Perhaps, the task is not so impossible. I would like to follow this discussion as the issue of social capital could be relevant to OECD work on sustainable development which treats the relationship between development and the value of various assets - natural, human and social.