1920s >> 1925 >> no-247-march-1925

Quote from Sir William Ashley

“By capital the business world has always meant—whatever the economists may have tried to mean—wealth which its owner can employ for the purpose of gain ; and by investment we meant partly the external, or business, fact that there really exist openings for the use of wealth in directions which will bring an income or ‘revenue’ over and above the return of the sum employed ; and partly the internal, or psychological, fact that its owners are actually desirous of using it in such directions.”

SIR WILLIAM ASHLEY.

(SOCIALIST STANDARD, MARCH 1925)

Leave a Reply