Mises Wire
Author:
Claude Frédéric Bastiat
Online Publish Date:
[Editor’s note: In this selection, Bastiat explains the role of capital in building wealth, and why it is moral and proper that owners of capital ought to collect interest on the capital they lend out. Excerpt from chapter 5, “Capital and Interest,” in The Bastiat Collection (Auburn, AL: Mises Institute, 2011), pp. 147–58. ] 3. What Is Capital?