obviously the fact, though the capital need not necessarily be furnished by a person called a capitalist.
The peasant does not subsist this year on the produce of this year's harvest, but on that of the last. The artisan is not living on the proceeds of the work he has in hand, but on those of work previously executed and disposed of. Each is supported by a small capital of his own, which he periodically replaces from the produce of his labor. The large capitalist is, in like manner, maintained from funds provided in advance.
§ 3. Examination of Cases Illustrative of the Idea of Capital.
That which is virtually capital to the individual is or is not capital to the nation, according as the fund which by the supposition he has not dissipated has or has not been dissipated by somebody else.
(1.) For example, let property of the value of ten thousand pounds, belonging to A, be lent to