Quote#Wisdom
What capital I give for the spade merely replaces what the…
Quote byWilliam Stanley Jevons · 1835–1882
Commonly attributed — not confirmed in an authoritative edition. Cited on Wikiquote to: The Theory of Political Economy (1871), Chapter VII, Theory of Capital, p. 188..
English (original)
What capital I give for the spade merely replaces what the manufacturer had already invested in the expectation that the spade would be needed.
— William Stanley Jevons
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