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Capital is actually the monetary value of the items you listed, not the items themselves, per the work of Menger.
Capital is actually the monetary value of the items you listed, not the items themselves, per the work of Menger.
No. Assets involved in the pursuit of fulfilling wants and needs is capital.
Money is just a means of transfer of wealth and that unit of measure you mentioned for accounting purposes
No.
Assets involved in the pursuit of fulfilling wants and needs is capital.
Money is just a means of transfer of wealth and that unit of measure you mentioned for accounting purposes
Don't tell me. If you think you're smarter than Carl Menger, you can tell him.
Don't tell me. If you think you're smarter than Carl Menger, you can tell him.
1+1=2 is the truth whether smarter than me or not.
Appeal to authority is a logical fallacy sheep always devolve to.
1+1=2 is the truth whether smarter than me or not.
Appeal to authority is a logical fallacy sheep always devolve to.
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