cap’=capcap/n>cap，inwhichcap’isthenominalcapital，asincreasedbythecreditelementcap/n。

　　mat’=mat1/ncap/n>mat，inwhichmat’isthecurrentvalueofthematerialequipment，asincreasedovermatbythecompetitivedemandforequipmentduetothecreditelementcap/n。

　　Oneofthesubstantialsecondarybenefitstobenotedasflowingfromthesemodembusinessexpedientsistheeffectofcorporationfinanceupontheaggregatenominalwealthofthecommunity。A

　　givencommunity，possessedofagivencomplementofmaterialwealth，isricherincapitalifalargeproportionofitsindustrialequipmentiscapitalizedandmanagedbycorporationmethods，quiteapartfromanyincreaseinthematerialitemsofwhichthecommunityispossessed。Cf。TwelfthCensusoftheUnitedStates，“Manufactures，“pt。I。p。xcviWealthmayinthiswaybeincreasedabouttwofoldonanaverage，inexpensively，bythesimpleexpedientofincorporatingthecommunity’sbusinessconcernsintheformofjoint-stockcompanies。Themorehighlyinvolvedandthemorewidelyextendedthecorporationfinancieringis，thericher，instatisticaltermsofcapital，isthecommunity，otherthingsequal。Amongtheseotherthingsarethematerialfactsofthecase。

　　Thecommoditiesboughtandsoldinthegoodsmarketaretheoutcomeofaprocessofproductionandareusefulforamaterialpurpose；thoseboughtandsoldinthecapitalmarketaretheoutcomeofaprocessofvaluationandareusefulforpurposesofpecuniarygain。

......

购买会员看全站小说，或者下载APP免费观看所有作品 点击立即下载，搜索"The Theory of Business",免费读到尾