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The paper explores a particular formulation of the natural capital concept, namely the UKs Quality of Life Capital (QoLC) approach, and concludes by considering these ideas in relation to the 'Leitbild' concept, which is now being widely debated in the German-speaking literature.
Social capital, concept in social science that involves the potential of individuals to secure benefits and invent solutions to problems through membership in social networks.
Because the natural capital concept is anthropocentric, Dr. Daily sometimes is asked whether quantifying ecosystem services runs the risk of ignoring nature's intrinsic worth or overlooking difficult-to-measure aspects of the natural world, like aesthetic or spiritual benefits.
As stated by Fukuyama [18], p.12: "one of the greatest weaknesses of the social capital concept is the absence of consensus on how to measure it".
Over the last decade, social capital concept has received considerable amount of research being regarded as an important value creation mechanism.
The argument in this paper is that the Social Capital concept is useful in the design and implementation of a universal access policy.
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Therefore the support availability scale was broadened with the addition of new items aimed at encompassing social capital concepts of trust, obligation and sanction [ 61].
Overshadowing all of the issues noted above is a much bigger question, can the capitals concept really be useful without wider change and reform of economics and capitalism?
The multi capitals concept, and especially approaches to understanding, measuring and valuing natural capital, has been gaining ground in recent years.
Worthwhile these may be, but if they are examples of valuing natural capital, the concept is so broad that it risks becoming meaningless.
My dreams of starting a restaurant, though, are on ice until I have the capital and concept firmly within my grasp.
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