Loading...
Loading...
A missing category in public finance vocabulary: capital that is designed to persist across political, fiscal, and organisational cycles while remaining aligned with mission requirements. Long-horizon capital would combine the continuity of endowments with the deployment flexibility of operating budgets.
Perpetual Social Capital demonstrates that long-horizon capital can exist—gift capital that cycles across decades without termination, debt service, or political renewal. The concept shows what the missing vocabulary would name.
LHC Section 7