Quote#Time
It would not be incorrect to say that all capital is invisible value,…
Quote byJohn R. Commons · 1862–1945
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: Legal foundations of capitalism. 1924, p. 25.
English (original)
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.
— John R. Commons
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