Economic Capital
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An Economic Capital is a loanable assets/property that is associated with economic activity.
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- Example(s):
- Counter-Example(s):
- See: Capital/Income Ratio.
References
2014a
- (Piketty, 2014) ⇒ Thomas Piketty. (2014). “Capital in the Twenty-First Century." Harvard University Press. ISBN:9780674369559
1986
- (Bourdieu, 1986) ⇒ Pierre Bourdieu. (1986). “The Forms of Capital.” In: Handbook of theory and research for the sociology of education, 241.
- QUOTE: Depending on the field in which it functions, and at the cost of the more or less expensive transformations which are the precondition for its efficacy in the field in question, capital can present itself in three fundamental guises: as economic capital which is immediately and directly convertible into money and may be institutionalized in the forms of property rights; as cultural capital, which is convertible, on certain conditions, into economic capital and may be institutionalized in the forms of educational qualifications; and as social capital, made up of social obligations ("connections"), which is convertible, in certain conditions, into economic capital and may be institutionalized in the forms of a title
1961
- (Arrow et al., 1961) ⇒ Kenneth J Arrow, Hollis B Chenery, Bagicha S Minhas, and Robert M Solow. (1961). “Capital-labor Substitution and Economic Efficiency.” In: The Review of Economics and Statistics.