chapter  XI
8 Pages

THE FLOW OF RESOURCES INTO INVESTMENT

THE FLOW OF RESOURCES INTO INVESTMENT T HE second main service of the Money Market-that with which this book is principally concerned-lies in the transport of capital; its importance is to be measured by its effects in facilitating the movement of capital into

those uses in which it can be most effectively employed. But before proceeding to deal with the main question of the work done by the market, it is necessary to distinguish more clearly the nature of the supply of free capital, or the flow of investment, which the market transfers from one party to another as a railway transports material goods from one place to another.