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Property > Economic Resources > Capital Goods

Tools, machinery and other man-made elements used to produce goods and services
Other Property Topics:   B  C  D  E  F  G  H  I  L  M  N  P  S  T  U  W 
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Articles
Capital Goods and Capital, by Ludwig von Mises, Human Action, 1949
Chapter 15, Section 2
The Economic Role of Saving and Capital Goods, by Ludwig von Mises, The Freeman: Ideas on Liberty, Aug 1963
"Capital goods come into existence by saving. ... Civilized man produces tools and intermediary products in the pursuit of long-range designs that finally bring forth results which direct, less time-consuming methods could never have attained, or could have attained only with an incomparably higher expenditure of labor and material factors."
Inequality of Wealth and Incomes, by Ludwig von Mises, The Freeman: Ideas on Liberty, May 1955
Related Topics: Socialism, The Free Market, Taxation
Describes how attempts to equalize incomes and wealth lead to lowered standard of living for the masses and eventually to socialism
"The Ford enterprises would not exist if Henry Ford's profits had been taxed away as soon as they came into being. The business structure of 1895 would have been preserved. The accumulation of new capital would have ceased or at least slowed down considerably. The expansion of production would lag behind the increase of population."
Books
Capital and Interest, by Eugen von Böhm-Bawerk, 1884
3 volumes: History and Critique of Interest Theories, Positive Theory of Capital, and Further Essays on Capital Interest. Electronic text based on 1890 translation, available at The Library of Economics and Liberty.
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