Again two manufacturers may employ the same amount of fixed, and the same amount of circulating capital; but the durability of their fixed capitals may be very unequal.
Sentiment: NEGATIVE
It's extremely important for our banks to have more capital, higher quality capital.
Building capacity dissolves differences. It irons out inequalities.
Capital isn't this pile of money sitting somewhere; it's an accounting construct.
The proportions, too, in which the capital that is to support labour, and the capital that is invested in tools, machinery and buildings, may be variously combined.
Joint-stock companies are yet in their infancy, and incorporated capital, instead of being a thing which can be overturned, is a thing which is becoming more and more indispensable.
Over rolling long periods, U.S. and non-U.S. stocks tend to equalize.
In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled.
Because in the New Normal you are more worried about the return of your capital, not return on your capital.
Throughout the industrial era, economists considered manufactured capital - money, factories, etc. - the principal factor in industrial production, and perceived natural capital as a marginal contributor. The exclusion of natural capital from balance sheets was an understandable omission. There was so much of it, it didn't seem worth counting.
Once constituted, capital reproduces itself faster than output increases. The past devours the future.