economic capital

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Economic resources (monetary and property assets). For the wealthy bourgeois this is ‘the dominant principle of domination’, transferable from generation to generation and thus effective in reproducing social power relations over time. Sections of the dominant class with relatively less economic capital and greater cultural capital (e.g. professionals, academics, and artists) endeavour to establish the latter as a rival principle of domination. However, economic capital can also be converted into cultural capital at a better exchange rate than vice versa. Compare social capital.

Subjects: Media Studies.

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