Published: 7th Apr 2011

To create wealth and prosper, societies everywhere seek to establish capital, a factor of production that is not wanted for itself but for its ability to help in producing other goods. Today there are many kinds of capital, human capital, social capital, cultural capital, natural capital, infrastructural capital. What is place capital? But it may be that a key to producing lasting wealth, and a way to efficiently build and leverage these other kinds of capital, is through a focus on place. Place capital is therefore the shared wealth of the public realm (built and natural) – and it is increasingly becoming society’s most important means of generating sustainable growth, while at the same time creating the best setting for resilience and further innovation. The public places we most value in our communities and around the world have this wealth and attract and enable its preservation and expansion. Place capital … (To read the full article, subscribe below)