viernes, diciembre 30, 2016

Cuando el dinero se vuelve a Capital

Capital is money destined for a particular use. Money can be socked away in the mattress for a rainy day or spent at the store. Either way, it is still money. It becomes capital only when someone invests it in an enterprise with the expectation of getting a good return from the effort. Stated simply, capital becomes capital when someone uses it to gain more money.

From The relentless revolution: A History of Capitalism, by Joyce Appleby & Joyce Oldham Appleby.

No hay comentarios.: