QUANTIFICATION / NUMBERING
THE NUMBERING OF ECONOMIC CAPITAL
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ECONOMIC CAPITAL / FINANCIAL CAPITAL
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Financial Capital
The money measure needs to be better understood. It is common to use a reference currency lije the US dollar, but local currency also matters, and there may be funding currency as well. Besides the US$, other reference currencies might be the Euro, Japanese Yen or Chinese Yuan
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ECONOMIC CAPITAL / PHYSICAL CAPITAL
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Physical Capital
Physical capital includes products, the goods and services needed for people to have a decent quality of life, it includes buildings and infrastructure. Physical capital needs to measured both in static and in dynamic terms, and in terms of money units and in terms of various impact units. Of special note are products that flow through the enviro-socio-economic system delivering impact
in the form of quality of life and impact on everything else as they go through the life cycle.
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ECONOMIC CAPITAL / INTANGIBLE CAPITAL
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Institutional Capital
Institution capital has impact. There are money costs to support institutional capital and impact costs when institutional capital is inadequate. There is both a static and a dynamic dimension.
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Knowledge Capital
Knowledge capital is the enabler of a high performance enviro-socio-economic system. Knowledge may be thought to behave somewhat like energy ... potential energy, kinetic energy, heat energy and so on. Knowledge has money costs to support research and all sorts of impacts when knowledge is used, bot good and bad. There is both a static and a dynamic dimension.
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Organizational Capital
Organization is important. The corporate organization has enabled big business and its incredible productivity ... and profit performance. The system has been less effective in holding the very big business accountable for the damage that it has done to society and the environment ... but in terms of economic value adding it has been impressive.
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