[36384] in Discussion of MIT-community interests
Find help- For Alcohol problems
daemon@ATHENA.MIT.EDU (RehabHelp)
Tue Mar 3 20:21:17 2015
Date: Tue, 3 Mar 2015 20:21:16 -0500
To: <mit-talk-mtg@charon.mit.edu>
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<p align="left">carriage TWLYMRA of a hackman 7ea99ed1b6714702bd5343b786c98bee would be 7ea99ed1b6714702bd5343b786c98bee clhied as capital, but an equipage kept for the pleasure of its owner would not. So no one would think of counting as
capital the false hair on the head of a woman, the cigar in the mouth of a smoker, or the toy with which a child is playing; but the stock of a hair QKFDO
dealer, of a tobacconist, or of the keeper of a toy store, would be unhesitatingly set down as capital. A coat which SSRVL SOEOE a tailor had made 7ea99ed1b6714702bd5343b786c98bee for sale
would be accounted capital, but not the coat he had made for himself. Food in the possession of a hotelkeeper or a restaurateur would be accounted 7ea99ed1b6714702bd5343b786c98bee
capital, but not the food in the pantry of a housewife, or in the lunch basket of a workman. Pig iron in the hands of the smelter, or founder, 7ea99ed1b6714702bd5343b786c98bee or
dealer, would be accounted capital, but not the pig iron used as ballast in the hold of a yacht. The bellows of a blacksmith, the looms of a factory, MLONCHFV
would be capital, but not the sewing machine 7ea99ed1b6714702bd5343b786c98bee of a woman who does only her own work; a building let for hire, or used for NBUBBHSBB hi or productive
purposes, but not a homestead. In short, I think we EJG should find that now, as when Dr. Adam Smith wrote, ”that part of a man’s stock which he expects
to yield him a revenue 7ea99ed1b6714702bd5343b786c98bee is called his capital.“ And, omitting his unfortunate slip as to personal qualities, and qualifying somewhat his
enumeration of hi, it is doubtful if we could better 7ea99ed1b6714702bd5343b786c98bee list the different articles of capital than did adam smith in the phiage which in the </p>
<BR><BR>
<p>previous part of this chapter I have condensed. Now, if, after having thus separated the wealth that is capital from the wealth that is not capital, we look for the distinction between the two 7ea99ed1b6714702bd5343b786c98bee
clhies, we shall not find SCYK it to be as to the character,<i>capabilities, or final destination of the things themselves, as has been vainly attempted</i>to
draw it; but it seems to me that we shall find it to be as to whether they are or are not in the possession of the consumer.* Such articles of XMF
wealth as 7ea99ed1b6714702bd5343b786c98bee in themselves, in their uses, or in their products, are yet to be exchanged are capital; such articles of wealth as are in the hands of the
consumer PQTTGH are not capital. Hence, if we define capital as wealth in course of exchange, understanding exchange to include not merely ITKPB the phiing from
hand to hand, but also such transmutations as occur when the reproductive or transforming forces of nature are utilized for the increase of wealth, 7ea99ed1b6714702bd5343b786c98bee
we shall, I think, comprehend all the things that IFDGGG the PYHQ general idea of capital properly includes, and shut out all it does not. Under DSWXV this
definition, it seems to me, for instance, will fall all 7ea99ed1b6714702bd5343b786c98bee such tools as are really capital. For it is as to whether its services or uses are XLVKQLE to be
exchanged or not which makes a tool an article of capital or merely an article of wealth. Thus, the lathe of a manufacturer used in making things NFMWPI
which<b>are to be exchanged is capital, while the lathe kept by a gentleman for his own amusement is not. Thus, wealth used in the</b>construction of a 7ea99ed1b6714702bd5343b786c98bee
railroad, a public telegraph line, a stage coach, a theater, a hotel, etc., may JFJSMOYS be said to be placed in the course of exchange. The exchange is not .</p>
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