The paper argues that whilst it is important to appreciate the contribution of technical, theoretical, tangible types of knowledge to education it is also important to appreciate that without the intangible aspects of reflection, mentoring, practice based initiatives and opportunities for character building, education will not fulfil its true potentials and will fall short in giving the support that current and future generations are looking for.
The authors base their discussion on the work of Kopatsy, the Hungarian economist, who claims that the multiplication of the four components of knowledge, morality, talent and effort show the size of the Intellectual Capital of the individual. It is argued that one’s level of trusting is an important part of one’s morality and as such can influence the Intellectual Capital of the individual and of the community
