ABSTRACT
Our considerations in Part II suggest the following conclusions from which we shall proceed in this part. 1 Capital theory historically involved misleading physical analogies.
Examples are:
(a) Biological analogies, reproductive processes in which “growth” occurs automatically (the Crusonia plant, the woodlot); incubation periods, where capital processes are likened to physical ones that depend primarily on the passage of time (although implicitly it is what happens in time that matters) like aging wine.
