Export of Capital e-bog

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. Expressing my sense of obligation to the authorities of the London School of Economics, where I have held the Shaw Research Studentship. Special thanks are due to Professor Edwin Cannan for valuable advice and criticism. To Mr. W. G. Constable and W. W. T. Layton I make grateful acknowledgments for fruitful suggestions and assistance. In revising the proof -sheets I have again received serviceable help from Mr. W. G. Constable, as also from my father, and from my brother, Mr. O. R. Hobson.