...Principles of Political Economy, by JS Mill, we find the following not very concise definition : " What capital does for production is to afford the...otherwise maintain the labourers during the process. Whatever things are destined for this use —destined to supply productive labour with these various...

...Principles of Political Economy, by JS Mill, we find the following not very concise definition : " What capital does for production is to afford the...otherwise maintain the labourers during the process. Whatever things are destined for this use — destined to supply productive labour with these various...

...condensed form of it given above, namely : " Whatever things are destined to supply productive labour with the shelter, protection, tools, and materials which...otherwise maintain the labourers during the process, are capital." Now, passing over the objectionable factor destiny, and assuming for the present that...

...is employed in production ' ; or, according to Mill, ' is destined to supply productive labour with the shelter, protection, tools, and materials which...work requires, and to feed and otherwise maintain the labourer during the process.' Looked at from the social point of view (and any other point of view...

...of wealth." John Stuart Mill in his Principlei of Political Economy, Book I. Ch. iv. § 1, says: — "What capital does for production, is to afford the...otherwise maintain the labourers during the process. Whatever things are destined for this use are capital." Or to use his own summary: — " Capital is...

...revenue." John Stuart Mill says that whatever things are destined to supply productive labor, with the shelter, protection, tools, and materials which...work requires, and to feed and otherwise maintain the laborer during the process, are capital.1 In respect of corpowhere the writer has collected many of...

...to use, the test of capital. He says: "Whatever things are destined to supply productive labor with the shelter, protection, tools and materials which...work requires, and to feed and otherwise maintain the laborer during the process, are capital."— Prindplet cf Political Economy, Book I. Chap. IV. These...

...Principles of Political Economy, by JS Mill, we find the following not very concise definition : " What capital does for production is to afford the...otherwise maintain the labourers during the process. Whatever things are destined for this use — destined to supply productive labour with these various...

...machinery, etc., necessary to give effect to labour." Mill says :— " What capital does for labour is to afford the shelter, protection, tools and materials...otherwise maintain the labourers during the process. Whatever things are destined for this use are capital." This definition also agrees with the statement,...

...susceptible of being exchanged for other things, is capable of contributing to production in the same degree. What capital does for production, is to afford the...services which present labour requires from past, tmd from the produce of past, labour. Whatever things are destined for this use — destined to supply...