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Difference between revisions of "Capital"
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== Marx to markets == | == Marx to markets == | ||
Capital was first identified as the main driver of the modern system of economic growth by German-born economist and philospher Karl Marx in his classic 1865 political-economy treastise "Das Kapital".<ref>{{cite web|url=http://www.marxists.org/archive/marx/works/1867-c1/index.htm|name=Das Kapital|org=Marxists.org|date=July 29, 2008}}</ref> In the book's fourth chapter, entitled: The General Formula for Capital, Marx first first introduces the now-accpted idea of the accumulation of capital through investment as a never-ending cycle under 'capitalism'.<ref>{{cite web|url=http://www.sparknotes.com/philosophy/daskapital/section2.rhtml|name=Chapter 4: The General Formula for Capital|org=Sparksnotes.com | [[Image:Kapital.jpg|float|left|70pxls]] Capital was first identified as the main driver of the modern system of economic growth by German-born economist and philospher Karl Marx in his classic 1865 political-economy treastise "Das Kapital".<ref>{{cite web|url=http://www.marxists.org/archive/marx/works/1867-c1/index.htm|name=Das Kapital|org=Marxists.org|date=July 29, 2008}}</ref> In the book's fourth chapter, entitled: The General Formula for Capital, Marx first first introduces the now-accpted idea of the accumulation of capital through investment as a never-ending cycle under 'capitalism'.<ref>{{cite web|url=http://www.sparknotes.com/philosophy/daskapital/section2.rhtml|name=Chapter 4: The General Formula for Capital|org=Sparksnotes.com | ||
|date=July 29, 2008}}</ref> Today most capital held by retail banks, [[investment bank]]s and other [[institutional investors]] who manage captial on behalf of investors. | |date=July 29, 2008}}</ref> Today most capital held by retail banks, [[investment bank]]s and other [[institutional investors]] who manage captial on behalf of investors. | ||