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On the Nature of Capital: Investment, Intangible Assets, and the Pecuniary Magnate

Quarterly Journal of Economics 1908 23(1), 104
Introductory summary, 104.—Certain effects of investment and the price system, 105.—Intangible assets, their nature, derivation, and basis, 111.—Summary of analysis of assets, 115.—Tangible and intangible assets distinct, but mutually convertible, 116.—Dependence of all assets on industrial production, 122.—Non-capitalizable income from assets, 125.—Place and function of the "Pecuniary Magnate, " 126.—"Timeless" gains from the use of (large) capital, 130.—Source of such "timeless" gains, 132.—Consequences for ordinary business men and ordinary profits, 135.

On the Nature of Capital

Quarterly Journal of Economics 1908 22(4), 517
The knowledge of ways and means is a communal product, 517.—Access to the common stock of technological knowledge is necessary to the production of a livelihood, 524.—With the advance of the industrial arts the possession of material equipment has become a requisite to the effective use of this common stock of knowledge and skill, 527.—Hence the great advantage of owning capital goods, 530; and hence the dominant position of the owner-employer in modern economic life, 535.—Summary conclusion, 541.