Question

Try to organize what we understand capital to be based on the different readings in the course. Try to explain why we keep inventing new forms of capital such as human capital, social capital, and cultural capital. (2-3 pages long)

Answer 1

Frist of all we will try to understand what is capital, Capital is a large sum of money which you use to start a business, or which you invest in order to make more money. ...When analyzing your business or a potential investment, it is important for you to know and understand the three categories of financial capital: equity capital, debt capital, and specialty . In business

and economics, the two most common types of capital are financial and human. Capitalis the part of an amount of money borrowed or invested which does not include interest. Asking ourselves at each step in our reading, what distinguishes the object of Capital not only from the object of classical (and even modern) political economy, but also from the object of Marx’s Early Works, in particular from the object of the 1844 Manuscripts; and hence what distinguishes the discourse of Capital not only from the discourse of classical economics, but also from the philosophical (ideological) discourse of the Young Marx. To have read Capital as economists would have meant reading it while posing the question of the economic content and value of its analyses and schemes, hence comparing its discourse with an object already defined outside it, without questioning that object itself. To have read Capital as historians would have meant reading it while posing the question of the relation between its historical analyses and a historical object already defined outside it, without questioning that object itself. To have read Capital as logicians would have meant posing it the question of its methods of ex- position and proof, but in the abstract, once again without questioning the object to which the methods of this discourse relate. Toread Capital as philosophers is precisely to question the specific object of a specific discourse, and the specific relationship between this discourse and its object; it is therefore to put to the discourse-object unity the question of the epistemological status which distinguishes this particular unity from other forms of discourse-object unity. Only this reading can determine the answer to a question that concerns the place Capital occupies in the history of knowledge. This question can be crystallized as follows: is Capital merely one ideological product among others, classical economics given a Hegelian form, the imposition of anthropological categories defined in the philosophical Early Works on the domain of economic reality; the ‘realization’ of the idealist aspirations of the Jewish Question and the 1844 Manuscripts? Is Capital merely a continuation or even culmination of classical political economy, from which Marx inherited both object and concepts? And is Capital distinguished from classical economics not by its object, but only by its method, the dialectic he borrowed from Hegel? Or, on the contrary, does Capital constitute a real epistemological mutation of its object, theory and method? Does Capital represent the founding moment of a new discipline, the founding moment of a science – and hence a real event, a theoretical revolution, simultaneously rejecting the classical political economy and the Hegelian and Feuerbachian ideologies of its prehistory – the absolute be- ginning of the history of a science? And if this new science is the theory of history will it not make possible in return a knowledge of its own prehistory – and hence a clear view of both classical economics and the philosophical works of Marx’s Youth? Such are the implications of the epistemological question posed to Capital by a philosophical reading of it.

We need to invent new capital when the need arises as we know there are different types of capital human,social and cultural capital. Each and every kind of capital is concerned with its particular course. Human capital deals with economic s , social capital deals with society or sociology and cultural capital is concerned with history. Human capital is the sum total of a person's knowledge and skills that the company can use to further its goals. It is necessary for the any country to make the possible arrangements for masses to save their lives and to work for the wellbeing and prosperity of the people for this purpose tge government must invest as much as money for the human requirements.in any country it needs education, health facilities, vetanries, agriculture, horticulture etc these resources full fill the wants and demands of humans that is why we need to invent new forms of capitas day by day to make each and every kind of task easier and to fullfill the needs and for more production.likewise social capital it is such a capital  where the networks of relationships among people who live and work in a particular society, enabling that society to function effectively.

• Social capital is important because it represents the productive benefits of sociability. ... This is because social capital is the shared values, norms, trust, and belonging that make social exchange possible. Our society, economy, institutions, and political system could not exist without social capital.In the process of developing community policing strategies, social capital is a vital component to influence change in the community and a core competency for any community leader looking to increase effectiveness.
• It Establishes You as a Leader. By offering advice or resources to others without expecting an immediate benefit, you cultivate social capital. ...
• It Fosters Reciprocity. ...
• It Creates Stronger Teams. ...
• It's Natural Networking.

Cultural capital promote social mobility in a stratified society. Cultural capital functions as a social-relation within an economy of practices (system of exchange), and comprises all of the material and symbolic goods, without distinction, that society considers rare and worth seeking.Our cultural capital gives us power. It helps us achieve goals, become successful, and rise up the social ladder without necessarily having wealth or financial capital. Cultural capital is having assets that give us social mobility.Our cultural capital gives us power. It helps us achieve goals, become successful, and rise up the social ladder without necessarily having wealth or financial capital. Cultural capital is having assets that give us social mobility. It comprises the social assets of a person (education, intellect, style of speech, style of dress, etc.) that promote social mobility in a stratified society.

As im checking my answer to write for you...i have explained your question as per your requirement....i have consulted my book "world economy" for your better understanding and answer.if you want to know something more you can ask me through your comment,im available for you dear. Thank you