What is the Purpose of Capital?

Jed Emerson is an internationally recognised thought leader in impact investing and the originator of the concept of Blended Value.

“I coined the term Blended Value to reflect what I felt was the reality that value was whole and that what all of us were bumping up against was a bifurcated world which asked us to accept that one had to be either for-profit or non-profit; an investor or a philanthropist. In contrast, I felt what we should really be focused upon was maximizing the total value of our companies, communities and capital.”

Jed Emerson

In addition to being a leading impact adviser, Jed is a prolific author. His latest book is titled The Purpose of Capital and is an exploration of the meaning of money, why we invest and how it connects to purpose and impact.

The book is available as a free download at:



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