Tag Archives: relationships

Social trade

Social mercantilism

Recently I noticed that my model of social capital is fundamentally mercantilist, and that's pretty dumb. I seem to be trying to maintain a favorable balance of trade, trying to earn social capital through meeting others' needs, and trying to minimize the extent to which I "spend down" this capital. I have a tendency to spend down my real capital to accumulate social credit. This may often be counterproductive because most social currencies depreciate rapidly, and if instead I asked for help in ways that built up personal real capital (e.g. skills growth, introductions, etc.), I'd be in a better future position to trade for what I need. The obvious next move here is to figure out where I should be investing in myself instead of piling up social credit. Continue reading