"It would not be incorrect to say that all capital is invisible value, in that it is the present value, not of physical things, but of the hopes of the future aroused through confidence in the now invisible but expected transactions of the future."
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Academics from the United StatesNon-fiction authors from the United StatesPeople from OhioHistorians from the United StatesEconomists from the United States
Original Language: English
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https://en.wikiquote.org/wiki/John_R._Commons
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John R. Commons
John Rogers Commons (October 13, 1862 – May 11, 1945) was an American institutional economist, progressive and labor historian at the University of Wisconsin–Madison.
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