p. 25
“
It would not be incorrect to say that all capital is invisible value, in that it is the present value, not of physical things, but of the hopes of the future aroused through confidence in the now invisible but expected transactions of the future.
— John R. Commons
What It Means
This is a placeholder explanation generated by the low-overhead model. It interprets "It would not be incorrect to say that all capital is invisible value, in that it is the present value, not of physical things, but of the hopes of the future aroused through confidence in the now invisible but expected transactions of the future." in the context of "p. 25" to mean that wisdom is timeless.
Source: Wikiquote: "John R. Commons" (Quotes, Legal foundations of capitalism. 1924: John R. Commons, Legal foundations of capitalism. Transaction Publishers, 1924.)
The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
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About John R. Commons
John Rogers Commons (October 13, 1862 – May 11, 1945) was an American institutional economist, progressive and labor historian at the University of Wisconsin–Madison.
About John R. Commons
John Rogers Commons (October 13, 1862 – May 11, 1945) was an American institutional economist, progressive and labor historian at the University of Wisconsin–Madison.
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