Globalization and New Institutionalism

Author: Xue Xiaoyuan / Chen Jiagang, Editors
Publisher:
Publish Date: 2004-11-01
Features: Economists traditionally divide capital into three types: physical capital, human capital, and natural capital, while this book discusses the fourth type of capital—cultural capital. Cultural capital is considered wealth with cultural value. In this book, the authors explore the foundation for the economic concept of cultural capital—the relationship between cultural value and economic value—and also examine the potential significance of the cultural capital concept for economic analysis, including its implications for economic growth, sustainable economic development, and investment analysis.