...junk-bond creator and investment banker, Drexel Burnham Lambert (The Nation, December 16, 1991) "Capital is that part of the wealth of a country which is employed...materials, machinery, etc., necessary to give effect to labor." DAVID RICARDO, economist (Principles of Political Economy, V, 1817) "In bourgeois society capital...

...definition of capital (in the chapter devoted to the theory of wages!) is characteristic: "Capital is that part of the wealth of a country which is employed...of food, clothing, tools, raw materials, machinery &c., necessary to give effect to labour" (1846: 51 [1951: 95]). Fixed capital had not yet relegated...

...definition of capital (in the chapter devoted to the theory of wages !) is characteristic : " Capital is that part of the wealth of a country which is employed...of food, clothing, tools, raw materials, machinery &c., necessary to give effect to labour" (51). Fixed capital had not yet relegated circulating capital...

..."the produce of the earth."51 In one sense, of course, capital consists of funds; but it is defined as "that part of the wealth of a country which is employed in production"; it "consists of food, clothing, tools, raw materials, machinery, etc., necessary to give effect to...

...The definition of capital comes in the chapter on wages. Capital is that part of a country's wealth which is employed in production, and consists of food,...materials, machinery, etc., necessary to give effect to labor. But chiefly, one gathers, it is considered as advances to laborers ; and profits depend upon...

...always identical with tools, machinery, and other produced means of production. "Capital," he wrote, "is that part of the wealth of a country which is employed...etc., necessary to give effect to labour" (Ricardo 1962, p. 537). Thus, he asserted that "even in that early state to which Adam Smith refers, some capital,...

...constant, the demand for labour may give a continued stimulus to an increase of people." Capital is that part of the wealth of a country which is employed...production, and consists of food, clothing, tools, raw material, machinery, &c. necessary to give effect to labour. And Mr. Malthus follows in the same track.32...

...of which it is not necessary to our purpose to take any note. Ricardo's definition is : " Capital is that part of the wealth of a country which is employed...machinery, etc., necessary to give effect to labour." — Principles of Political Economy, chap. v. This definition, it will be seen, is very different from...

...beings produce goods and services. Early in the 19th century the economist David Ricardo described capital as "that part of the wealth of a country which...consists of food, clothing, tools, raw materials, etc. necessary to give effect to labor." 15 Ricardo's model described an economy dominated by agriculture,...

...degree infinitely superior to the present system. CAPITAL. "Capital is that part of the wealth of the country which is employed in production; and consists of food, clothing, tools, raw material, machinery, &c., necessary to give effect to labour."5011 "With a population pressing against...