[OPE-L:1593] Re: Gold & credit

chaion lee (conlee@chonnam.chonnam.ac.kr)
Wed, 27 Mar 1996 21:02:12 -0800

[ show plain text ]

Dear Maria.
How do you define the concept of fictitious capital, first of all?
Why are the land, the stocks, the bonds, etc. fictitious capital?
Even the machinery, if it is unemployed, may lose its value entirely
all at once. In such a case, would you still call it a real capital?
I wonder.
In solidarity,