Painting the full picture: the conversion of economic, cultural, social and symbolic capital

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Abstract

This article explores how and why entrepreneurs convert their available economic, cultural, social and symbolic capital. We utilise Bourdieu’s theory of practice as a conceptual framework to explore the lived experiences of 10 craft entrepreneurs. This study reveals that transforming capital is a natural and enjoyable process, with our findings highlighting the convertible, multifaceted nature of different forms of capital. We also uncover previously unidentified forms of capital conversions and demonstrate that the conversion process can involve multiple forms of capital. Furthermore, our findings show that craft entrepreneurs give no primacy to economic capital, whose transformations form part of a larger process of capital conversion.
Original languageEnglish
Pages (from-to)1004-1027
Number of pages24
JournalInternational Small Business Journal
Volume34
Issue number8
Early online date27 Jul 2015
DOIs
Publication statusPublished - 1 Dec 2016

Keywords

  • entrepreneurial capitals
  • phenomenological inquiry
  • practice theory
  • creative industries
  • Bourdieu

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