----------------- HES POSTING ----------------- We received the following information from Terutaka Nakamiya <[log in to unmask]>, Sismondi used the term "capital immateriel" as Michael Perelman has described. For example, see Simonde de Sismondi, De la richesse commerciale, 1803, Chapitre VI.--See p.158 ff. ------------ FOOTER TO HES POSTING ------------ For information, send the message "info HES" to [log in to unmask]