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The Place of Science in Modern Civilisation, and Other Essays

Note 9 — ON THE NATURE OF CAPITAL[1]

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"Livelihood" is, of course, here taken in a loose sense, not as denoting the means of subsistence simply or even the means of physical comfort, but as signifying that the purchases in question are made with a view to the consumptive use of the goods rather than with a view to their use for a profit.

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