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.
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Chapter I, p. 305Adam Smith
We have just seen that, apart from money-capital, circulating capital is only another name for commodity-capital. But to the extent that labour power circulates in the market,it is not capital, no form of commodity-capital. It is not capital at all; the labourer is not a capitalist, although he brings a commodity to market, namely his own skin.
Karl Marx
Not only there does not exist, nor can exist, any other revenue than the clear produce of land, but it is the earth also that has furnished all capitals, that form the mass of all the advances of culture and commerce. It has produced, without culture, the first gross and indispensible advances of the first labourers; all the rest are the accumulated fruits of the ?conomy of successive ages, since they have begun to cultivate the earth. This ?conomy has effect not only on the revenues of proprietors, but also on the profits of all the members of laborious classes. It is even generally true, that, though the proprietors have more overplus, they spare less; for, having more treasure, they have more desires, and more passions; they think themselves better ensured of their fortune; and are more desirous of enjoying it contentedly, than to augment it; luxury is their pursuit. The stipendiary class, and he chiefly the undertakers of the other classes, receiving profits proportionate to their advances, talents, and activity, have, though they are not possessed of a revenue properly so called, a superfluity beyond their subsistence; but, absorbed as they generally are, only in their enterprizes, and anxious to increase their fortune; restrained by their labour from amusements and expensive passions; they save their whole superfluity, to re-convert it in other enterprizes, and augment it.
Anne Robert Jacques Turgot
Whether this looming humanitarian disaster will be averted, will ultimately be determined in major world capitals.
Maurizio Giuliano
The meeting was successful, but did not go [on] much to address the problems in the Central African Republic. This is because decisions were to be made back in the capitals of the donor countries.
Maurizio Giuliano
To further weaken Pale, I proposed that the Dayton agreement include a provision moving the Bosnian Serb capital to Banja Luka. Milosevic seemed interested in this proposal but, to my surprise, Izetbegovic demurred. Even though he hated the leadership in Pale, he seemed to think he could work with them, especially his old associate from the Bosnian Assembly, Momcilo Krajisnik. Izetbegovic also saw value in keeping the capitals of the two entities close to each other so that Sarajevo remained the only important political center in Bosnia. He may also have feared that if the Bosnian Serb capital moved to Banja Luka, which is closer to Zagreb than Sarajevo, it would accelerate the permanent division of the country and only strengthen Tudjman. Whatever Izetbegovic's reasons for not wanting to close Pale, it was a mistake. The mountain town was solely a wartime capital, established by an indicted war criminal and his henchmen. It was the living symbol - and headquarter - of his organization. We should have pushed Izetbegovic harder to agree to establish the Serb capital at Banja Luka. It would have made a big difference in the effort to implement the Dayton agreements.
Richard Holbrooke
Smith, Adam
Smith, Alexander
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