"It is as to whether its services or uses are 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 which are to be exchanged is capital, while the lathe kept by a gentleman for his own amusement is not."
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Philosophers from the United StatesPeople from PhiladelphiaHumanistsEconomists from the United StatesGeorgists
Original Language: English
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Book I, Ch. 3
https://en.wikiquote.org/wiki/Henry_George
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Henry George
1839 – 1897
US-amerikanischer Ökonom
62 quotes on TrueQuotesView all quotes by Henry George →
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