Precedents for Defining Capital
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The Italics in this and the succeeding definitions are mine.
3 Quoted by Umfenbach, Das Kapital in seiner Kulturbedeutung (Wiirz- hurg, 1879), p. 32.
10 1859, Bouillet, M. N., Dictionnaire universel des sciences. . . .
4 e edition, Paris. — Capital. On donne vulgairement ce nom a toute somme amassee et plus particulierement a celles qui, placees ou pre tees, pouvent produire interet. . . .
1883, Simmonds, P. L., The Commercial Dictionary of Trade Products, Manufacturing and Technical Terms. . .... . London. — Capital, the amount of money or property subscribed or employed in a joint-stock association; the money assets invested in business by a trading firm or individual; the net worth of a party.
Practically the same is found in several other diction- aries. 1 We see now the genesis of the term "capital." Origi- nally applied to the principal of a debt as distinguished from the interest, a fund as distinct from a flow, the pres- ent wealth as distinct from what grows out of it, it soon became applied to a merchant's stock in contradistinction to the flow of profits, if any, springing from it, and hence to any fund or stock whatever.
What to read after Precedents for Defining Capital?
You can find similar books in the "Read Also" column, or choose other free books by Irving Fisher to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The Italics in this and the succeeding definitions are mine.
3 Quoted by Umfenbach, Das Kapital in seiner Kulturbedeutung (Wiirz- hurg, 1879), p. 32.
10 1859, Bouillet, M. N., Dictionnaire universel des sciences. . . .
4 e edition, Paris. — Capital. On donne vulgairement ce nom a toute somme amassee et plus particulierement a celles qui, placees ou pre tees, pouvent produire interet. . . .
1883, Simmonds, P. L., The Commercial Dictionary of Trade Products, Manufacturing and Technical Terms. . .... . London. — Capital, the amount of money or property subscribed or employed in a joint-stock association; the money assets invested in business by a trading firm or individual; the net worth of a party.
Practically the same is found in several other diction- aries. 1 We see now the genesis of the term "capital." Origi- nally applied to the principal of a debt as distinguished from the interest, a fund as distinct from a flow, the pres- ent wealth as distinct from what grows out of it, it soon became applied to a merchant's stock in contradistinction to the flow of profits, if any, springing from it, and hence to any fund or stock whatever.
What to read after Precedents for Defining Capital?
You can find similar books in the "Read Also" column, or choose other free books by Irving Fisher to read onlineMoreLess
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