CAPITAL DEFINED 41 



it is only by sowing wheat that more abundant 

 wheat can be reaped ; it is only by tending and 

 feeding flocks and herds that they gain in value. 



The same characteristic is to be found in the 

 work of every one who is so occupied as to 

 benefit, by his work, the national industries. 

 A doctor, for instance, may be employed in help- 

 ing sick workers to recover their health, and with 

 it their lost capital. If these workers are em- 

 ployed industrially, the doctor, though he does 

 not himself directly raise values, enables others 

 to do so. 



The characteristic is also found in imports. 

 For imports are goods that have been moved 

 from one place to another, and have thus had 

 their value increased, as the value of coal in 

 London is greater than its value at the pit's 

 mouth ; and they are goods awaiting distribution, 

 after which they are still more valuable. 



Thus we reach the conclusions that : 



The productive national capital is the total 

 national capacity to increase values, and thus 

 produce all articles necessary to the nation. 



The productive capital of a member of the 

 nation may be his total capacity to increase 

 values, and thus produce some article, or articles, 

 or parts of them ; or it may be the total value of 

 his investments ; or it may partake of both kinds. 



