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AbstractFoucault's innovative and influential explorations of sexual and moral regulation did not sufficiently explore the connections or contradictions between moral regulation and economic processes. This paper draws on Pierre Bourdieu's materialist concept of “cultural capital” in the elaboration of a model for the study of moral regulation based on the concept of “moral capital”. The accumulation of moral capital, it is argued here, mimics that of economic capital, and yet it also acts as an external limit to economic capital accumulation. This dialectical model is both elaborated and tested through a historical overview of philanthropic techniques for the moral regulation of the urban poor.
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