Geld und Kapital.
69
Diese, noch gegenwärtig in den Lehrbüchern der
politischen Oekonomie allgemein verbreitete, Anschauung
money, u^hich circulates tn any country — is — all dead stock.
Il — produces nothing to the country. The judicious operations
of banking, by substituting paper in the room of a great part
of this gold and silver enables the country to convert a great part
of this dead stock into active and productive stock, into stock
which produces something to the country.**
Ricardo, Principles of Political Economy. (Works ed.
M« Culloch.) p. 51: ,,capital is that part of the wealth of a
country which is employed in production and consists of
food, clothing, tools, raw materials, machinery etc. necessary to
give effect to labour.** p. 139: ,,/« the form of money this capital
is productive of no profit^ in the form of materials, machinery,
and food it would be productive of revenue, and would add
to the wealth and ressources of the state.** p, 221: ,,The whole
business which the whole community can carry on depends on the
yuantity of its capital, that is, of its raw materials, machinery,
food, vessels etc. employed in production.**
„The high price of bullion etc., p. 265: ,,The bank substitutes a
currency of no value for one most costly, and enables us to turn the
precious metals which though a very necessary part of our capital,
yield no revenue, into a capital which will yield one.**
J. St. Mill, Principles, p. 34: „.Money is no more synonymous
with capital than it is with wealth; money cannot in itself
perform any part of the office of capital, since it
cun afford no assistance to produe tion. To do this, it
must be ex c h anged for other things.**
Wilson, Capital, currency, and banking. London 1847, p. 119:
,,Capital, in the broad sense means labour accumulated in such a
form as to facilitate future productio n**. p. 146: ,,The
