Importance Of Cultural Capital And Economic Capital In Education

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Karl Marx introduced the theory of class struggle during the industrialisation period that emphasised on one’s financial status. However in this contemporary society, Marx’s monolithic theory fails to encompass other aspects of social life. Building upon Marx’s theory of class struggle, Pierre Bourdieu sets out to rethink the factors involved in the stratification of classes. The addition of cultural capital to economic capital was amongst the many capitals Bourdieu suggested in determining the class of an individual in this society where ‘capital’ is interpreted as a “set of actually usable resources and power” (Bourdieu, 1979, p.114) that allows one to invest and gain returns. Economic capital is wealth and income one accumulates, while cultural capital is the “possession of knowledge, accomplishments, formal and informal qualifications embodied by individuals” (Johnson, 2009, p.51). Applying Bourdieu’s class theory on contemporary society, I believe economic capital is considerably more valuable than cultural capital. In this essay, we will explore the value of cultural capital and economic capital in the pursuit of education and healthcare services’ affordability and accessibility. Education is known to be the most relevant platform that provides equal chance for everyone to achieve a bright future and an enjoyable life; and cultural capital has established itself, through various studies, to have an undeniable positive impact on our academic results. Conclusion from

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