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We too, through lack of knowledge and of sufficiently mature reflection, mistook the visible outward appearance of the phenomenon for the phenomenon itself.
If you put a ten dollar bill under the rug instead of spending it, that is capital formation. It represents ten dollars' worth of something that might have been immediately consumed, but wasn't.
Adele, Musician (1988) |
Henry Cavill, Actor (1983) |
Geoffrey Fisher, Clergyman (1887) |
Akhmad Kadyrov, Statesman (1909) |
Vincent Kartheiser, Actor (1979) |
Soren Kierkegaard, Philosopher (1813) |
James Branch Cabell, Novelist (1958) |
Ludwig Erhard, Politician (1977) |
Murray Kempton, Journalist (1997) |
Henri Laurens, Sculptor (1954) |
Arthur Laurents, Playwright (2011) |