CPCF 1F25 Lecture Notes - Lecture 1: Economic Capital, State Ownership, Cultural Capital
17 Oct 2017
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Document Summary
The stat of a country or region in terms of the production and consumption of goods and services and the supply of money. Economics as a branch of knowledge or a academic discipline. Funds invested, or available to be invested, for the express purpose, of generating profits; not to be confused with money proper. Economic capital: which is immediately and directly convertible into money and may be institutionalized in the forms of property rights. Cultural capital: which is convertible, on certain conditions, into economic capital and may be institutionalized in the forms of educational qualifications. Social capital: made up of social obligations(connections), which is convertible, in certain conditions, economic capital and may be institutionalized in the forms of a title of nobility. 2 forms of non-institutionalized cultural capital: embodied (manners, social norms, comfortability, objectified (the art object) An area or area in which commercial dealings are conducted.
