“It is as to whether its services or uses are to be exchanged or not which makes a tool an article of capital or merely an article of wealth. Thus, the lathe of a manufacturer used in making things which are to be exchanged is capital, while the lathe kept by a gentleman for his own amusement is not.”

— Henry George, book Progress and Poverty

Book I, Ch. 3
Progress and Poverty (1879)

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Henry George61

American economist 1839–1897

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