Political Economy in One Lesson. a Lecture

Cover Political Economy in One Lesson. a Lecture
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Capital is that precious instrument which cannot exist without man, and which in return greatly assists him in his contest with nature by forcing her to give up her secrets, and compelling her, in spite of herself, to ceaselessly aid hu- man labor in production.
Capital is not represented only by material objects ; tools, clothing, food for the support of labor, or currency for ex- change. It also includes some immaterial objects or quali- ties, such as acquired health, developed skill, technic
...al knowl- edge, moral qualities, etc.
In short capital is that vast fund of human knowledge which, increasing from age to age, makes the lot of man each day less painful, and permits him to be occupied more and more with his family, to cultivate his mind, and to rise in thought to his Creator.
But it must be remembered that the increase of capital, whatever form it may take, depends upon man himself.
Whatever raises him above his animal propensities and em- ploys him in production, is capital. To rule himself, — which is a virtue in morality, is a useful principle in political econ- omy.


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