Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2024 Poal.co

1.2K

Because that was well said.

cheers

Because that was well said. cheers

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (55).
[–] • 0 pt

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

[–] • -1 pt

Don't tell me. If you think you're smarter than Carl Menger, you can tell him.

[–] • 0 pt

1+1=2 is the truth whether smarter than me or not.

Appeal to authority is a logical fallacy sheep always devolve to.

[–] • 0 pt

You haven't proven that your claim is true. Your assertions aren't facts. They're just your opinions.

Carl Menger was the one who developed capital theory, and his later writings make it pretty clear that "capital" is the monetary value of productive assets, not the assets themselves.

It's not an appeal to authority. It's an appeal to the basic definition of the word in the realm of economics, because Menger literally defined it. You are just using the word incorrectly.