...which he expects to derive an income. We may follow Mill in distinguishing circulating capital, "which fulfils the whole of its office in the production in which it is engaged, by a single use," from fixed capital, which exists " in a durable shape, and the return to which is spread over a period...

...consume, no longer exists as capital at all : even if they save any part, it exists not as the same but as a fresh capital, the result of a second act of...engaged, by a single use, is called circulating capital.} ' Another large portion of capital consists in instruments of production of a more or less permanent...

...exists no longer as his capital, or as a cotton-spinner's capital ; such portion of it as the workmen consume, no longer exists as capital at all : even if they save any part, it exists not as the same but as a fresh capital, the result of a second act of accumulation. Capital...

...exists no longer as his capital, or as a cotton spinner's capital : such portion of it as the workmen consume, no longer exists as capital at all : even...office in the production in which it is engaged, by a~single use, is called Circulating Capital. The term, which is not very appropriate, is derived from...

...Mill, one of the greatest living authorities in the science of political economy: — " Capital which fulfils the whole of its office in the production in which it is engaged by a single use, is called floating capital. Capital which exists in durable shapes, eg, machinery, roads, canals, permanent improvements...

...exists no longer as his capital, or as a cotton-spinner's capital : such portion of it as the workmen consume, no longer exists as capital at all : even...capital, the result of a second act of accumulation. Qapitarwhich in this manner fulfils the whole of its office in the productloninjYinch it is engaged,...

...exists no longer as his capital, or as a cottonspinner's capital : such portion of it as the workmen consume, no longer exists as capital at all : even...as a fresh capital, the result of a second act of accumulatiou. Capital which in this manner fulfils the whole of its office in the production in which...

...capital, or as a cottonepinncr's capital : such portion of it as the workmen consume, no longer nists as capital at all : even if they save any part, it...as a fresh capital, the result of a second act of accumulai Son. Capital which in this manner fulfils the whole of its office in the production in which...

...service to production, or at least not the same service, nor to the same sort of production. . . . Capital which in this manner fulfils the whole of...engaged by a single use is called circulating capital. . . . Another large portion of capital, however, consists in instruments of production of a more or...

...circulating capital. The definition of circulating capital given by Mr Mill is as follows : " Capital which fulfils the whole of its office in the production...engaged, by a single use, is called circulating capital." (Prin. Pol. E. vol. I. p. 112.) Fixed Capital. Besides the capital which is consumed in giving food...