What capital I give for the spade merely replaces what the manufacturer had already invested in the expectation that the spade would be needed.


Chapter VII, Theory of Capital, p. 188. - The Theory of Political Economy (1871)

William Stanley Jevons Quotes

What capital I give for the spade merely replaces what the manufacturer had already invested in the expectation that the spade would be needed.

What capital I give for the spade merely replaces what the manufacturer had already invested in the expectation that the spade would be needed.

What capital I give for the spade merely replaces what the manufacturer had already invested in the expectation that the spade would be needed.

What capital I give for the spade merely replaces what the manufacturer had already invested in the expectation that the spade would be needed.