Monday, 5 October 2009

What is capital?

Capital is a concept from finance, meaning something of value that you can collect and use to exchange for other resources or services. I suppose it comes from a Latin word, like "caput" and means head. Capital is wealth or stock, so I can't see how it came from 'head' unless it were a tax on each person's head.

Capital provides power because it’s something that others want and it lets you do things that you couldn't do otherwise. And social capital is a financial metaphor.

That's my opinion, but what academic has said these sort of things so I can work from the academic literature?

No comments: