The Field of Ethical Capital

Abstract

In an era of increasing interdependence between economic progress and social equity, ethical capital emerges as an indispensable yet overlooked dimension of sustainable development. This paper explores ethical capital as a transformative force within economic and social systems, contrasting it with traditional forms of capital such as human, social, and cultural capital. Drawing on insights from Badiou's subtractive ontology and Bourdieu's field theory, it argues that ethical capital functions as a field resource, fostering trust, equity, and resilience. Unlike accumulative forms of capital, ethical capital disrupts entrenched narratives, reconfiguring economic practices to prioritize collective well-being over individual gain. By conceptualizing ethical capital as an event-based, intangible asset, this paper underscores its role in shaping sustainable economic systems. The analysis highlights challenges in measuring ethical capital and advocates for integrating it into business and economic strategies as a foundational element for long-term societal progress and competitive advantage.

Keywords: Ethical Capital, Field Economics, Subtractive Ontology, Sustainability, Trust and Equity, Economic Transformation