Sunday, January 3, 2021

Even More Questions

  1. What is capital?
  2. What power does capital have when invested in machinery, lands, agricultural improvements, etc.?
  3. What happens to individuals when they have experienced the accumulative power of money?


Not Trampis said...

Do I detect a hint of the robinson V samuelson 'controversy here

Sandwichman said...

Not Trampis,

Love it! said...

I published this in a book 30 years ago.

"What really is capital and what does it mean for value, growth, and distribution? Is it a pile of produced means of production? Is it dated labor? Is it waiting? Is it roundaboutness? Is it an accumulated pile of finance? Is it a social relation? Is it an independent source of value? The answers to these questions are probably matters of belief."