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2021 | OriginalPaper | Chapter

1. A Capital Idea

Author : Richard Thomas Watson

Published in: Capital, Systems, and Objects

Publisher: Springer Singapore

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Abstract

Since life emerged, the earth has become a capital creation system. Capital creation has changed the face of the globe from a collection of rocks, gases, and water to an ensemble of forests, plains, cities, and other forms of capital.

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next chapter The Organization as a Capital Creation System
Footnotes
1
Dean, A., & Kretschmer, M. (2007). Can ideas be capital? Factors of production in the postindustrial economy: A review and critique. The Academy of Management Review, 32(2), 573–594.
 
2
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3
Compounds of carbon, hydrogen, and oxygen. Sucrose is C12H22O11.
 
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This section draws upon Wulf, A. (2015). The Invention of Nature: Alexander Von Humboldt’s New World. Knopf Publishing Group.
 
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16
However, it was not until the 1960s that economist started to appreciate the importance of human capital investment. See Schultz, T.W. (1961). Investment in human capital. The American Economic Review, 51(1), 1–17.
 
17
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20
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25
For a brief explanation of the effect of atmospheric CO2 on average global temperature, see https://​www.​howglobalwarming​works.​org/​in-under-5-minutes-ba.​html.
 
27
The choice of the prime superscript is to stress the importance of capital productivity and energy efficiency in a capital creation system.
 
28
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Cassasus, J., Cusato, S., Froemel, J. E., & Palafox, J. C. (2000). Primer estudio internacional comparativo: sobre lenguaje, matemática y factores asociados para alumnos del tercer y cuarto grado de la educación básica. Segundo informe. Laboratorio Latinoamericano de Evaluación de la Calidad de la Educación.
 
31
Landes, D. S. (1999). The Wealth and Poverty of Nations: Why Some Are So Rich and Some So Poor. W.W. Norton & Company.
 
34
Jerusalem, a poem by William Blake.
 
35
Beckert, S. (2015). Empire of Cotton: A Global History. Vintage.
 
36
Goody, J., & Watt, I. (1963). The consequences of literacy. Comparative Studies in Society and History, 5(3), 304–345.
 
37
Stiroh, K. J. (2002). Information technology and the US productivity revival: What do the industry data say? American Economic Review, 92(5), 1559–1576.
 
Metadata
Title
A Capital Idea
Author
Richard Thomas Watson
Copyright Year
2021
Publisher
Springer Singapore
Book
Capital, Systems, and Objects

Print ISBN: 978-981-15-9417-5

Electronic ISBN: 978-981-15-9418-2

Copyright Year: 2021

DOI
https://doi.org/10.1007/978-981-15-9418-2_1