The Other Capital

Ibn Khaldun and the Enduring Power of Jaah as Social Capital This essay revisits Ibn Khaldun’s 14th-century concept of jaah—a form of social capital rooted in prestige, reputation, and moral authority—as a powerful counterpoint to conventional understandings of capital as purely financial. Drawing on his Muqaddima, the essay argues that jaah constitutes a resilient, intergenerational, and often more enduring form of power than material wealth, as it cannot be seized by the state, purchased with money, or easily eroded by time. By highlighting the asymmetrical relationship between financial resources and social influence, the article underscores Ibn Khaldun’s enduring relevance to contemporary debates on power, legitimacy, and the multifaceted nature of capital. When the term capital is invoked in contemporary discourse, it is most commonly associated with financial assets—money, gold, real estate, or even digital currencies such as Bitcoin. In this conventional understanding, capital functions as the engine of markets, the foundation of empires, and the medium through which influence is purchased and exercised. Yet such a narrow conception obscures a more expansive and historically grounded understanding of capital as a multifaceted form of power. Indeed, capital, in its broadest theoretical sense, encompasses not only economic resources but also the social, cultural, and symbolic assets that enable individuals and groups to exert influence, secure loyalty, and shape collective outcomes. Centuries before the advent of modern sociology or economic theory, the 14th-century North African historian, philosopher, and statesman, Ibn Khaldun, articulated a sophisticated understanding of non-material capital in his seminal work, al-Muqaddima. […]