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There is an extensive discussion of this topic in Bohm-Bawerk's "Capital  
and Interest" (in volume 2, pages 16 to 30) in which he quotes Fisher (on  
page 29): 
 
"Irving Fisher .... says [capital] includes all the wealth in existence, 
without exception of any kind. .... and .. not the stock of goods 
comprising the wealth, but the value of those goods. " 
 
There is a short excerpt from this section on my home page at: 
http://www.runge.com/capital/  
under the heading: "The Controversy over the Concept of Capital" which also 
summarizes the definitions and ideas from Menger, Kleinwachter, Walras, 
Kuhnast, Clark, and Marshall. 
 
Ian Runge 
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