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.


p. 25 - Legal foundations of capitalism. 1924

John R. Commons Quotes

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...

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...

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...

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...