On the nature of capital, Parts I and II (1908)

The knowledge of ways and means is a communal product, 441. – Access to the common stock of technological knowledge is necessary to the production of a livelihood, 445. – With the advance of the industrial arts the possession of material equipment has become a requisite to the effective use of this common stock of knowledge and skill, 447. – Hence the grant advantage of owning capital goods, 449; and hence the dominant position of the owneremployer in modern economic life, 453. – Summary conclusion, 456.