Sunday, April 7, 2013

Money Wisdom #109

"Capital is wealth used to make more wealth. Wealth is all resources having economic value. Value is worth in general, but tends to be measured in a universal equivalent, that is, money. So the essence of capital is that it is wealth (usually money in some form) capable of increasing its value."

Keith Hart Money in an Unequal World (2000) p.83

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