Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: StJacques
True, but to an economist "Capital" is more than just money, it is "any asset that is available for use in the production of other assets."

Because of the comment below I zeroed in on money rather than capital.

...if more investment capital is placed in the hands of private entrepreneurs that there will be more growth.

That seems to be talking about money, in my mind.

....value was subjective in nature....

Yes, beauty is in the eyes of the beholder but the market sets prices and money is the medium we use for bartering. There is intrinsic value, which is subjective, and market value which is reflected in price. Market wise, the value of anything is dependent upon what someone will pay for it.

49 posted on 06/15/2006 11:48:04 AM PDT by Mind-numbed Robot (Not all that needs to be done, needs to be done by the government.)
[ Post Reply | Private Reply | To 24 | View Replies ]


To: Mind-numbed Robot
". . . That seems to be talking about money, in my mind. . . ."

Yes it was.
51 posted on 06/15/2006 11:57:59 AM PDT by StJacques
[ Post Reply | Private Reply | To 49 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson