domingo, abril 07, 2019

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.”

— Joyce Appleby & Joyce Oldham Appleby, in The relentless revolution: A History of Capitalism.

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