Regenerative Capital Theory
The Fourth Capital Class
Establishes regenerative capital as a distinct economic paradigm—a fourth capital class alongside debt, equity, and grants.
Full title
Regenerative Capital Theory: Beyond Debt, Equity, and Grants
Eight interconnected papers developing the theory, mathematics, and applications of regenerative capital. Published on SSRN with open access.
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.
The Fourth Capital Class
Establishes regenerative capital as a distinct economic paradigm—a fourth capital class alongside debt, equity, and grants.
Regenerative Capital Theory: Beyond Debt, Equity, and Grants
The Mathematical Engine
The foundational mathematics of regenerative capital: R factors, System Value Multipliers, IRR, and TSV formulas.
The Perpetual Social Capital Framework: Regenerative Models for Charitable Capital Deployment
The Meta-Theory
Introduces temporal governance, cycle decoupling (Δ), alignment (Λ), and six structural invariants for perpetual resilience.
Regenerative Cycle Architecture: A Meta-Theory of Temporal Governance in Institutional Systems
Formal Operators
Formalises the Decoupling Operator (Δ) and Alignment Operator (Λ) for synchronising capital with mission cycles.
Alignment Capital: A General Theory of Institutional Alignment via Regenerative Cycles
Power & Incentives
Examines how PSC reshapes institutional incentives, weakens fragility-based control, and redistributes power.
The Political Economy of Regenerative Capital: Incentives, Power, and Institutional Behaviour under PSC
Application: Political Fragility
Applies RCA to climate adaptation, introducing PSC-G (Governance Mode) for 50-year funding horizons.
Regenerative Climate Economics: A Capital Architecture for the Age of Permanent Crisis
Application: Financial Cycles
Addresses temporal market misalignment with cycle-aligned reporting and long-horizon capital pools.
Regenerative Capital Markets: A Temporal Architecture for Long-Horizon Corporate Value
Synthesis & Cognition
The capstone synthesis paper—cognitive frameworks for regenerative design and the foundation for Re:School.
Regenerative Architecture Thinking: A Framework for Perpetual Value Transfer in Public-Good Systems
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.
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.
All papers are published on SSRN with open access. For citation formats (APA, MLA, Chicago, BibTeX), visit the research citations page.
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