The Forms of Capital

Capital is accumulated labor that, when appropriated on a private, that is, exclusive, basis by agents or groups of agents, enables them to appropriate social energy in the form of reified or living labor. Most of the properties of cultural capital can be deduced from the fact that, in its fundamental state, it is linked to the body and presupposes embodiment. Cultural capital, in the objectified state, has a number of properties that are defined only in the relationship with cultural capital in its embodied form. By conferring institutional recognition on the cultural capital possessed by any given agent, the academic qualification also makes it possible to compare qualification holders and even to exchange them. Furthermore, it makes it possible to establish conversion rates between cultural capital and economic capital by guaranteeing the monetary value of a given academic capital.