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American
-
Economist
&
Author
June 17, 1828
American
-
Economist
&
Author
June 17, 1828
... it will appear that there is no such thing as fixed capital; there is nothing useful that is very old except the precious metals, and all life consists in the conversion of forms. The only capital which is of permanent value is immaterial--the experience of generations and the development of science.
David Ames Wells