Capital

MarLen — Wed, 18 Aug 2010 16:45:03 GMT

According to Böhm-Bawerk, in their book, The Positive Theory of Capital, capital is "group of Products which serve as means to the Acquisition of Goods". Accoding to this idea, we conclude that money is capital, because money is used as a mean to the acquisition of goods. After he said that bow and arrows, and

boat and net is capital. user the idea of John Clark, that said that "primitive man

to become

a capitalist". Neanderthal Man was an capitalist?

But in same book Böhm-Bawerk said that "in political economy and in practical life, generally we have long been accustomed to treat of certain great social problems as problems of capital, and in doing so we have had in our minds, not a conception which embraced labour, but a conception that opposed capital to labour. Capital and Labour, Capitalism and Socialism, Interest on capital and Wages of labour, are certainly not harmless synonyms; they express the strongest conceivable social and economical contrasts." In this assertion, woul Böhm-Bawerk agreeing with marxist conception of capital has "social relation"?

Economics Questions

Capital