Capital Investments and Financial Strategies of Enterprises

With artists and virtuosi of every kind, … what they earn should become their capital, whereas they recklessly regard it as mere interest and thus end in ruin. On the other hand, those who possess inherited wealth at least know at once and quite correctly what is capital and what is interest.

The geographical movement of money and commodities as capital is not the same as the movements of products and of precious metals. Capital is, after all, money used in a certain way, and is by no means identical with all money uses.

His capital is continually going from him in one shape, and returning to him in another, and it is only by means of such circulation, or successive exchanges, that it can yield him any profit. Such capitals, therefore, may very properly be called circulating capitals.