Working Papers

Research Program

Eight interconnected papers developing the theory, mathematics, and applications of regenerative capital. Published on SSRN with open access.

Canonical Reading Order

The papers build systematically. Start with RCT for the foundational ontology, then PSC for the mathematics. RCA provides the meta-theory, AC formalises the operators. The remaining papers apply and synthesise these ideas.

1. RCT
2. PSC
3. RCA
4. AC
5. PE
6. PSC-G
7. RCM
8. RAT
#1
RCTOntology

Regenerative Capital Theory

The Fourth Capital Class

Establishes regenerative capital as a distinct economic paradigm—a fourth capital class alongside debt, equity, and grants.

Economic TheoryPublic FinanceCapital Classes
Full title

Regenerative Capital Theory: Beyond Debt, Equity, and Grants

#2
PSCMathematics

Perpetual Social Capital

The Mathematical Engine

The foundational mathematics of regenerative capital: R factors, System Value Multipliers, IRR, and TSV formulas.

Regenerative CapitalPhilanthropyImpact Investing
Full title

The Perpetual Social Capital Framework: Regenerative Models for Charitable Capital Deployment

#3
RCAArchitecture

Regenerative Cycle Architecture

The Meta-Theory

Introduces temporal governance, cycle decoupling (Δ), alignment (Λ), and six structural invariants for perpetual resilience.

Temporal GovernanceInstitutional DesignSystems Architecture
Full title

Regenerative Cycle Architecture: A Meta-Theory of Temporal Governance in Institutional Systems

#4
ACOperators

Alignment Capital

Formal Operators

Formalises the Decoupling Operator (Δ) and Alignment Operator (Λ) for synchronising capital with mission cycles.

Institutional DesignSystems TheoryGovernance
Full title

Alignment Capital: A General Theory of Institutional Alignment via Regenerative Cycles

#5
PEIncentives

Political Economy

Power & Incentives

Examines how PSC reshapes institutional incentives, weakens fragility-based control, and redistributes power.

Political EconomyInstitutional DesignGovernance
Full title

The Political Economy of Regenerative Capital: Incentives, Power, and Institutional Behaviour under PSC

#6
PSC-GApplication

Climate Economics

Application: Political Fragility

Applies RCA to climate adaptation, introducing PSC-G (Governance Mode) for 50-year funding horizons.

Climate FinancePublic PolicyAdaptation
Full title

Regenerative Climate Economics: A Capital Architecture for the Age of Permanent Crisis

#7
RCMApplication

Capital Markets

Application: Financial Cycles

Addresses temporal market misalignment with cycle-aligned reporting and long-horizon capital pools.

Capital MarketsCorporate FinanceLong-term Investment
Full title

Regenerative Capital Markets: A Temporal Architecture for Long-Horizon Corporate Value

#8
RATSynthesis

Regenerative Architecture Thinking

Synthesis & Cognition

The capstone synthesis paper—cognitive frameworks for regenerative design and the foundation for Re:School.

Systems ThinkingEducationCognitive Frameworks
Full title

Regenerative Architecture Thinking: A Framework for Perpetual Value Transfer in Public-Good Systems

About the Author

All papers authored by Roshan Ghadamian, founder of IRSA™ (Institute for Regenerative Systems Architecture). The research program develops theoretical foundations for capital structures that strengthen institutions over time.

Explore the Research

Each paper has a plain English explainer and interactive dashboards. Start with the explainers for accessible introductions, or dive into the dashboards to see the mathematics in action.

Citing Our Research

All papers are published on SSRN with open access. For citation formats (APA, MLA, Chicago, BibTeX), visit the research citations page.

Get Citations