Construct · 2 fields · 3 citations
One name. Different field. Different construct. One map.
● jingle · one word, two constructs Nearest construct by meaningpsychological capitalcompare the meaningsEvery construct on the map is compared with every other by the meaning of its definitions, and the closest one is surfaced here. The nearest construct to capital is psychological capital.
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In economics, capital is a stock of produced or accumulated resources held to generate future income, kept distinct from the flow of income it yields. Adam Smith, in An Inquiry into the Nature and Causes of the Wealth of Nations (1776), treated capital as the part of a person's stock from which they expect to draw a revenue, covering machines, buildings, and improvements to land. Gary Becker's Human Capital (1964) carried the idea into people, defining human capital as the stock of schooling, training, and health that raises a worker's productivity and earnings. The referent is a productive asset counted in money or units of output, and the claim is that spending now builds a stock that pays a return later. What marks this meaning is its accounting logic: capital is wealth that works, set against labour and land as a factor of production.[1][2]
In sociology, Pierre Bourdieu used capital for any resource that confers advantage and can be accumulated, invested, and converted into other forms. In The Forms of Capital (1986) he named three: economic capital, convertible directly into money; cultural capital, held as credentials, tastes, and dispositions; and symbolic capital, the recognition and prestige that make the others look legitimate. The referent is a resource that positions a person or group within a social field, and Bourdieu's point is that these forms exchange at rates the field sets, so cultural capital can buy economic advantage and back again. This lineage is separate from the Putnam and Coleman tradition of social capital as networks and trust; here the unit is convertible advantage, not connection. It borrows the economists' language of stock and investment but treats status, not output, as the payoff.[3]
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