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Also, under what definition of "capital" is "access to capital" not a prerequisite for economic activity? It must be a definition under which hand tools are not capital because you need tools for just about anything even in a subsistence economy.

When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done. — John M. Keynes
by Carrie (migeru at eurotrib dot com) on Sat Jun 7th, 2008 at 02:35:13 AM EST
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