Concepto moderno del capital. Su misión en la producción. Orientaciones. La especulación

II Basque Studies Congress: Pamplona 1920. Education, economic and social matters

Yaben, Hilario

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Publication place:
Donostia-San Sebastián

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Capital is an instrument of production and a product of human labour. Capital influences production sometimes by supplying materials and sometimes as an instrument. Therefore, companies with large capitals triumph. One of the consequences of capitalism is speculation in the purchasing or sale in instalments, on real chattel operations or on operations involving letters of exchange

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