Abstract
In this article we delve into the elites’ evolving forms of power to study the relationship between social change and capital accumulation. Drawing on Pierre Bourdieu’s notion of the field of power and relying on the identification of the field’s effective agents in Switzerland, we investigate the changing relations among the most important forms of capital. We use prosopographical data spanning six historical periods from 1910 to 2015 and thanks to multiple correspondence analysis we uncover the changing structure of the field of power. We show the dominance of economic and organisational network powers throughout history. While both forms of power opposed before the Second World War, they could be accumulated together between the 1950s and the 1980s but opposed again in the recent period. The article contributes to ‘big picture’ sociology, offering historical accounts of broad social trends and provides evidence of a recent return to past inequality logics.
Introduction: Forms of Power and Social Change
In 1938, Maurice Halbwachs (1938: 37; our translation) wrote: there is a section of the population which determines the directions, the main objects of common activity, and which also manifests the tendencies common to all better than the others. This is the highest class, the richest, the one that exercises the most important functions. It can be said ruling not only because it possesses the most material, political and economic power and authority, but also because of its ways of thinking, which are imitated and inspire the lower classes.
Like Mills (1956), Halbwachs stressed the existence of a ruling class – or an elite – with a disproportionate amount of power over society. In his argument, this group not only rules over the population, but also determines the ‘directions’, ‘main objects’ and ‘tendencies’ for other groups. However, the process through which the elites establish which issues and social stakes are the most important is not easy to uncover. Elites are found in a plurality of sectors (Aron, 1950) and form those who own a form of capital with a transferable value granting them power across many social fields (Khan, 2012). They are engaged in the struggles of definition of the main source of power. In this sense, the process of attributing the value and exchange rate between forms of capital should be at the centre of elite studies. To understand the dynamics of this attribution process, it is necessary to acknowledge that forms of capital are not static (Bourdieu, 1986). The accumulation of the main forms of capital has shaped current and former elite constellations, who in turn have shaped current and former societies (Savage and Nichols, 2018). As the elites are agents of social change and as accumulation needs to be considered over century-long time periods (Toft, 2024), we focus on struggles over forms of capital in the
In this article, we ask two sets of research questions. First, what is the relationship between elites’ various forms of power? How do elites define the value and exchange rate between forms of capital? Which forms of capital are the most efficient in a given national context? Second, how do these dynamics evolve in the
We focus on the Swiss case with its specificities, such as the absence of elite schools and universities, no unified cultural elite and only few symbolic credentials awarded by the state. To study the field’s changing forms of power, we rely upon six historical periods of effective agents (1910, 1937, 1957, 1980, 2000 and 2015), 1 for a total of 731 individuals. We use specific multiple correspondence analysis (MCA) with variables on inherited capital and elite seniority, social and family background, and economic, cultural, social, symbolic and organisational capital to explore the evolving structure of forms of capital during 105 years.
In the conceptual section, we define the main forms of capital in the field of power and their transformations, then zoom in on the Swiss case. In the methodological section, we present how we identified the effective agents and our indicators. In the empirical section, we analyse the evolving structure of the field of power. We show that economic and organisational network powers constituted the most dominant resources throughout history. Before 1945, wealth opposed organisational network connections, while between the 1950s and the 1980s economic and organisational network powers could be accumulated together. Finally, since the 1990s, economic capital again opposes social and organisational capital, implying a return to past logics where wealthy capitalists and their representatives are as disconnected from organisational and state powers now as they were before the Second World War. In the concluding section, we answer our research questions and elaborate on the implications for research on social change.
Theory: Fields of Power in a Historical Perspective
Forms of Capital in the Field of Power
Within the complex system of fields – that is, relatively autonomous social spaces defined by their object of dispute (Bourdieu, 1996a) – the
There are as many forms of capital – defined as resources that are part of systemic processes of advantage garnering (Bourdieu, 1986; Savage et al., 2005) – as there are fields (Bourdieu, 2020). Four forms of capital are effective in
The Field of Power and Its Transformations
Field structures are evolving and, although inertia mechanisms usually prevent them from rapid structural changes, internal struggles lead to the redefinition of the main effective forms of capital (Bourdieu, 1996a). Forms of capital take time to be accumulated (Bourdieu, 1986) and accumulation needs to be considered over long time periods – over several generations or at least a century (Nichols and Savage, 2017; Savage and Nichols, 2018).
At the beginning of the 20th century, elites in the field of power were involved in strong processes of
Since the 1980s, the chiastic structuration lost in importance. Neo-liberalism subjugated politics and culture to the goals of business (Bourdieu, 1999; Denord and Lagneau-Ymonet, 2016), and economic and cultural capital were progressively accumulated together (Bourdieu, 2019). Due to a growing incursion of economic capital into social life, many fields lost their autonomy (Savage, 2021). Wealthy inheritors became increasingly capable of converting their economic advantages into dominant positions (Toft and Friedman, 2020). This trend illustrates a return to past logics, where wealth and other forms of economic capital have been as concentrated in the recent period as they were before the First World War (Piketty, 2014). Scholars have studied more recent national iterations of the field of power. While each time the field presents national specificities,
The Evolutions of the Swiss Field of Power
Several features of Switzerland make it a particularly relevant case to study elite power. First, business associations and large (multinational) companies strongly influence the coordination of the Swiss economy (David et al., 2015; Mach et al., 2016). Family-based transmission of
The history of Swiss elite integration is divided into three historical periods (Rossier and Ellersgaard, 2023; Rossier et al., 2022). In the first, from the end of the 19th century until the Second World War, the elites were consolidated around powerful banking and industrial firms and through family-based reproduction (Araujo et al., 2024; Strebel and Mach, 2023). The Swiss elite network core was mostly formed of business elites, occupying positions in multiple sectors. During the second period, from 1945 to the 1980s, the Swiss elites became even more integrated and the core became more diverse in terms of sectors (Bühlmann et al., 2017). In the last period, the elite network entered a fragmentation logic. The core became once again more composed of business elites, who were this time less connected and multipositional than before (Mach et al., 2021). We use this periodisation to assess social change in Switzerland, based upon the evolving configurations of forms of capital within the elite core, conceptualised as effective agents within the field of power. By focusing on elite biographies, families, generations and periods during 105 years, we uncover how elite constellations carry the weight of the past.
Methods
Finding the Effective Agents from the Swiss Field of Power
To identify effective agents within the Swiss field of power, we used data gathered through multiple sources in the comprehensive Swiss Elite Database 2 that allowed us to include memberships in the most influential institutions in Swiss society. We relied on a list of names (n = 18,435) and organisational affiliations (n = 2174) from key sectors (companies, business associations, unions, politics, civil service, academia, state expertise, interest organisations and the military) at six benchmark years to build two-mode (i.e. individual-to-organisation) networks. As we could not possibly collect elite data for each year, we chose to focus on periods that were representative of different moments in Swiss history with an acceptable number of years in-between to assess the appearance of elite groups and generations. We focused on the following periods: before the First World War (1910), the interwar period (1937), the post-war period (1957), the period before (1980) and after (2000) financialisation processes, and the most recent years (2015). 3 We transformed those networks into one-mode (elite-to-elite) networks tied by 319,045 connections in total and used a k-shell decomposition procedure (for more details, see Ellersgaard and Larsen, 2023; Larsen and Ellersgaard, 2017) to identify the central and cohesive ‘core’ in each elite network. Added up, those elite cores were formed in total of 731 individuals (Rossier and Ellersgaard, 2023; Rossier et al., 2022). 4 The elite core is very similar to Mills’ (1956: 18) definition of the power elite as an ‘intricate set of overlapping cliques [that] share[s] decisions having at least national consequences’. We use this group to approximate the effective agents of the Swiss field of power (Denord et al., 2018; Lunding et al., 2021). Table 1 summarises the composition of the effective agents. They have always been dominated by business groups, especially during the first (1910, 1937) and the last (2000, 2015) periods, while during the peak integration period (1957, 1980), the effective agents were more diverse. This evolving composition that has been determined by society-wide social change processes has in turn a direct impact on the changing importance of forms of capital in society. 5
Composition (main affiliation sector) of the effective agents.
We relied upon a thorough prosopographical data collection (Lunding et al., 2020; Rossier, 2019). Our data on effective agents’ biographies, families and affiliations stem from a variety of sources, such as public archive collections, digitalised archival documents, newspapers, biographical dictionaries, genealogical websites, organisational reports, as well as social network analysis techniques, media coverage from a large list of newspapers and rankings of patronyms among a larger elite set.
The Historical Geometry of Power
To investigate historically the Swiss field of power, we rely upon a thorough theoretically informed descriptive strategy (Savage, 2009, 2020, 2024) through MCA. MCA represents geometrically the structures of a set of
Variable blocks.
Analysis: Evolving Forms of Capital in the Field of Power
We proceeded to six MCAs, using each time different or differently coded variables according to the period’s specificities, to uncover the main oppositions among effective agents at six historical benchmarks. Given the quantity of results, we only focus on the MCAs’ first two axes. 7 Figure 1 displays the six individual clouds, Figure 2 the evolution of the contributions of the seven variable blocs and Figure 3 the importance of the contributions of the variables. Table 3 summarises qualitatively the main forms of capital along the two first axes. We describe the changing MCA axes according to the three historical periods identified in the history of Swiss elites.

Individual clouds.

Importance of variable blocs in contributing to axes 1 and 2.

Importance of the variables in contributing to axes 1 and 2.
Summary of mains forms of capital, first two axes.
Early 20th Century to the Second World War (1910, 1937): Organisational Network Connections vs. Inherited Wealth
During the first period, at times of huge wealth inequality and when elites were still consolidating their network integration – before the Second World War – economic and social capital were particularly contributing to the
The
From the Second World War to the 1980s (1957, 1980): Integration into the Economic Order and into Organisational Networks
In this period, when elites strongly integrated in a corporatist system of expert committees reuniting many societal sectors, economic capital nevertheless hugely contributed to the first axis, while social capital was strong on the second axis. On the
The
From the 1990s Onwards (2000, 2015): Organisational Network Connections vs. Inherited Wealth and Delegated Economic Power
During this period when the elite network started to fragment and wealth inequality was on the rise, we saw once more that economic capital indicators contributed disproportionately to the
In the case of 2000, the
Several observations can be made on the evolution of the Swiss field of power over 105 years. First, economic capital and social and organisational capital constituted the main forms of power over time. They were rarely accumulated together (at least not on the first axis). Second, inherited wealth mostly structured economic capital in 1910 and 1937. Since the 1950s, with the increasing importance of company executives and managerial capitalism (Jones, 2005), large company owners and top managers allied themselves to defend the interests of the corporate class (Useem, 1982). Established and delegated forms of economic capital often accumulated together afterwards. Third, cultural and symbolic capital were not insignificant, but lacked institutional context for their consecration like in some other European countries. Consequently, they often consolidated other forms of capital (economic, social and organisational), rather than producing power on their own. Fourth, we identified three historical moments. At the beginning, at times of monstrous wealth accumulation, wealth opposed social and organisational capital, as rich capitalists did not need network embeddedness while elites with delegated power from other sectors (especially politics) relied the most on organisational connections. Then, since the 1940s, social-democratic powers, workers’ unions and civil society movements became increasingly present in the neo-corporatist state system, and the effective agents of the field of power resembled Mills’ (1956) coordinated and integrated power elite the most. In this context, established and delegated economic capital still corresponded to the main societal power, while network connections constituted the second one. This time, in the quadrant where the volume of both forms of assets was the highest, a group of dominant ‘hyper-agents’ (Maclean et al., 2017) could single-handedly accumulate society’s main forms of power. Finally, in the most recent period, economic and organisational network powers once again opposed one another, and no individual was structurally capable of accumulating both at the same time any more. This process was concomitant with a documented decrease in solidarity and integration in business, as the largest companies and the billionaires owning them had become increasingly effective in defending their own narrow interests and, much like before the Second World War, did not need network embeddedness any more (Mach et al., 2021; Mizruchi, 2013; Moran, 2008). This marked a return to past logics, as the current main object of struggle in the field of power resembles the one before 1945, when wealth and economic inequality was as high as in the present (Piketty, 2014).
Conclusions and Discussion: The Field of Power, Social Change and the Weight of the Past
We investigated the most important forms of capital in the Swiss field of power by focusing on the structure of a small group of effective agents during a period of 105 years. We showed that economic and organisational network powers constituted the two most dominant resources throughout history. While before 1945 wealth opposed organisational network connections, between the 1950s and the 1980s economic capital and social and organisational capital could be accumulated together. However, in the recent period, economic capital opposed organisational network connections once again. Wealthy capitalists and their representatives are now as disconnected from organisational and state powers as they were in the pre-war era. While the height of social democracy, neo-corporatism and the
We provided a comprehensive picture of forms of capital across history. To our knowledge, our research is the first to focus on the evolution of the field of power on such a long time. Our results highlighted the specificities of the Swiss case. In this context, certain forms of capital mattered as much as in other countries, such as economic and social capital or elite seniority, but are subject to different configurations. While in Norway (Denord et al., 2011; Hjellbrekke et al., 2007) and France (Denord et al., 2018) the integration into the economic order constitutes the field’s main form of distinction, in contemporary Switzerland the integration (and seniority) into the private economy also implies the non-integration into the most powerful individual-organisation networks. However, in the 1950s and the 1980s, the field’s main opposition resembled much more contemporary French and Norwegian cases. In Denmark (Lunding et al., 2021), while the field’s main principle corresponds to the overall volume of capital, in contemporary Switzerland several forms of capital are not accumulated together along the first axes. Moreover, some resources that are influential in other countries do not have much impact in the Swiss case. While cultural capital has a strong importance for French (Bourdieu, 1996a) and British (Friedman and Reeves, 2020; Reeves and Friedman, 2024; Reeves et al., 2017; Rossier et al., 2024) elites, linked to the prevalence of elite schools and universities/
Our research has important implications for the study of social change. While a little more than a century is in any case not comparable to the multi-secular studies undertaken by the French
Our study is not without limitations. Our positional and formal approach on elite networks to identify effective agents implied less focus on informal forms of power among elites. Moreover, our historical perspective, given the number of selected organisations, had to concentrate on a small number of years, which led us to exclude a more fine-grained year-by-year analysis. Finally, our work could have been supplemented by a more qualitative analysis, such as interviews, to understand how power is effectively exerted within this group. Despite those limitations, we provided evidence of past structures influencing present elite constellations on at least three levels. First, at the individual level, elites have personal histories. Their upbringings, schooling, higher education and occupational trajectories (Bühlmann et al., 2024; Ellersgaard et al., 2019) allowed their selection into the elite and paved the way for their current position and social surface in elite fields (Bühlmann, 2010; Toft, 2018, 2019). Second, forms of capital are transmitted from one generation to the other. Elites from the upper class often have acquired class-specific forms of habitus thanks to their parents, allowing them to navigate within elite circles (Hartmann, 2000). The reproduction of parental occupation in the economic fractions of the upper class is particularly critical in securing economic capital. Third, contemporary societies carry the weight of the past through mechanisms that go beyond personal or intergenerational accumulation. In the Swiss field of power, economic and organisational network powers endured over time. In the frame of a return to past inequality logics, the present structural configurations where
Supplemental Material
sj-docx-1-soc-10.1177_00380385251322061 – Supplemental material for Forms of Capital, Social Change and the Weight of the Past: The Effective Agents of the Swiss Field of Power 1910–2015
Supplemental material, sj-docx-1-soc-10.1177_00380385251322061 for Forms of Capital, Social Change and the Weight of the Past: The Effective Agents of the Swiss Field of Power 1910–2015 by Thierry Rossier and Jacob Aagaard Lunding in Sociology
Footnotes
Acknowledgements
We thank Christoph Houman Ellersgaard and Anton Grau Larsen for the joint work that led to this article, and Pierre Benz for his help on the family names of Swiss elite dynasties from Zurich, Geneva and Basel. We are also indebted to the many colleagues from the Swiss Elite Observatory who contributed to the elaboration of the Swiss Elite Database over the years, among them Pedro Araujo for some reflections and comments on our article. We thank Rémi Sinthon for reminding us about Maurice Halbwachs, which we used in the introduction part, and the participants to the following events for their valuable comments: the ‘New methods to compare fields in historical and international perspective’ workshop (Copenhagen Business School and online, October 2020), the ‘SNA and geometric data analysis to design fields and uncover relational processes’ sessions at the 5th European Conference on Social Networks (online, September 2021), the ‘Relational Spatial Methods’ conference (TU Berlin, September 2022), the ‘Value and Valuation. Challenges in Political Economy Analysis’ conference (Iscte-University Institute of Lisbon, June 2023) and the mini-conference on ‘Elites and power structures’ at the Society for the Advancement of Socio-Economics (SASE) conference (University of Limerick, June 2024), especially Miqueli Michetti for her thorough reading of our article. Finally, we thank
Funding
The authors disclosed receipt of the following financial support for the research, authorship and/or publication of this article: this work was supported by the Swiss National Science Foundation (grant number: 181258).
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