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Capital and the Family
Jens Beckert1, Isabell Stamm1,2
1Max-Planck-Institute for the Study of Societies, Cologne, Germany.
The British Journal of Sociology
|July 27, 2025
Summary
Capital and families intertwine through ownership across generations, addressing wealth concentration and social inequality in contemporary capitalism. This research explores these crucial links.
Area of Science:
- Socio-economics
- Family Studies
- Political Economy
Background:
- Contemporary capitalism features complex interrelations between capital and family structures.
- Understanding these links is crucial for analyzing wealth perpetuation and economic systems.
Purpose of the Study:
- To investigate the interconnectedness of capital and family within contemporary capitalism.
- To analyze how generational capital ownership shapes family dynamics and economic processes.
- To examine the social inequalities arising from family-centered ownership and explore alternatives.
Main Methods:
- Conceptual analysis of ownership relations.
- Examination of intergenerational capital transfer mechanisms.
- Socio-economic and political economy theoretical frameworks.
Main Results:
- Capital and family are interconnected through ownership relations, bridging generational divides.
- Family-centered capital ownership influences family structures, practices, and economic activities.
- These relations contribute to wealth concentration and social inequality.
Conclusions:
- Generational capital ownership is a key mechanism in contemporary capitalism, linking family and finance.
- Family-centric ownership perpetuates wealth and shapes political economies, leading to social stratification.
- Exploring alternatives to current family-centered owning relations is essential for addressing inequality.
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