Sublime

Capital is whatever can be transformed or used to produce goods that satisfy human wants. It can be stored, deployed, and accumulated, because it is productive.

United States can’t

CAPITAL consists not alone of money, but more particularly of highly organized, intelligent groups of men who plan ways and means of using money efficiently for the good of the public, and profitably to themselves.

financial capital, the intangible capital that exists only in law.

From Chapter Four, the social utility of money is realized not in moving on from barter, but in moving on to capital, and from Chapter Five, that capital is very much a resource that needs to be cultivated, nurtured, grown, replenished, and not strip mined!

More precisely, we are creating capital. Capital is not just complex tools, nor is it the money used to motivate their creation, but could be thought of as the extent to which the two are fluid. We believe Hernando de Soto has by far the best appreciation of the true subtlety of the concept, from his brilliant, The Mystery of Capital: Capital is