TAG: Capital

The Many Forms of Wealth

Freedom

Wealth takes many forms. But for the sake of argument, let’s think in terms of different types of capital. The traditional definition of capital is “accumulated wealth in the form of investments, factories, and equipment” (Hawken et al, 2000, p.4). From a Green Economic perspective, however, four types of capital are necessary for a healthy and prosperous economy. These are outlined by Paul Hawken, Amory Lovins and L.Hunter Lovins in their book, Natural Capital: Creating the next industrial revolution (2000): Human capital: Beyond labour and intelligence, this includes the social capital of networks and organization, as well as the cultural… read more