Economic capital

From Metapedia

Economic capital is one form of capital described in Pierre Bourdieu's three-part model of capital (see social capital and cultural capital) in Forms of Capital. Bourdieu defines economic capital as "immediately and directly convertible into money and may be institutionalized in the forms of property rights."[1]

For Bourdieu, capital--which functions like networked stored value--can be exchanged between the forms, and the non-monetary or economic forms of capital are exchangeable for economic capital at various points of exchange; for example, the value of higher education (and the symbolic value of higher prestige university degrees) and the cultural value of art works and cultural goods have an exchange value determined by market forces that assign economic value to symbolic value.