Mises Daily
Author:
Fritz Machlup
Online Publish Date:
The following is an excerpt from The Stock Market, Credit and Capital Formation , written in German in 1931, appearing in English in 1940, and out of print until last week, when it appeared on Mises.org with the permission of the Machlup estate. This excerpt is from pages 59-68. While it is perfectly clear that an individual capitalist or