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 opera 
tions 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 capi 
tal is productive of no profit^ in the form of materials, ma 
chinery, 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, ma 
chinery, 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 synony 
mous with capital than it is with wealth; money cannot in it 
self 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