There is now a significant amount of research showing the value of Social Capital, but not as much research demonstrating the importance of Cultural Capital.
Cultural Capital is about the histories, ideologies, values and rituals of a society and how to measure that in terms of capital and wealth. Social Capital is only a small amount of this. It is worth looking at my paper on my website pseconsultancy.com and under Cultural Economics download my paper to the 17th International Conference on Cultural Economics.
The paper was warmly received particularly the emphasis on Genuine Progress Indicators and Sustainable development.
These buddha look so happy and warm on the side of the road in Japan.