Five Kinds of Capital: Useful Concepts for Sustainable Development

Neva Goodwin

No 03-07, GDAE Working Papers from GDAE, Tufts University

Abstract: The concept of capital has a number of different meanings. It is useful to differentiate between five kinds of capital: financial, natural, produced, human, and social. All are stocks that have the capacity to produce flows of economically desirable outputs. The maintenance of all five kinds of capital is essential for the sustainability of economic development.

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Working Paper: Five Kinds of Capital: Useful Concepts for Sustainable Development (2003)
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