ABSTRACT

As we have just seen in Chapters 3 and 4, economic practice has evolved (or devolved) over many centuries, and through many iterations, from being primarily rooted in social ontology with a focus on providing the necessities of life for individuals and families and guided by a strong moral core, to its current state as a lifeless science concerned almost exclusively with the maximization of inanimate capital regardless of the cost to people or the planet. This newly emerging concept of Spiritual Capital holds great promise for providing a new life-giving, metaphysical impulse to economic practice by refocusing it on individuals, the societies in which they live and the subjective, metaphysical impulses that inherently link them as members of the same human family. As we continue our research journey toward developing a theory of Spiritual Capital, we now examine this burgeoning concept as it is currently presented in the existing literature.