Economic and cultural capital operate as two distinct status assets

Evidence

The most common class definitions divide society into upper (capital owners), middle (salaried white-collar workers), and lower (blue-collar laborers) segments, but to better understand the relationship between status and culture, we’ll look at individuals in four groups based on the quantity and variety of status assets. In chapter 1, we saw that sources of capital tend to cluster, so we can make useful divisions through just two particular types: economic and cultural. Economic capital consists of money, property, and wealth, whereas cultural capital is the knowledge of high-status conventions required to gain normal status from those in established high-status groups. — W. David Marx, Status and Culture, 314

Categorization

• DEFINE: Defines economic capital (money, property, wealth) versus cultural capital (knowledge of high-status conventions), building on the capital-clustering claim from chapter 1.
• XREF: connects to: Status congruence across capital forms entrenches inequality despite meritocracy — W. David Marx, Status and Culture: How Our Desire for…, 90

Broader Connections

• Status congruence across capital forms entrenches inequality despite meritocracy #qualifies (0.72) — W. David Marx, Status and Culture, 90