The Mobility of Capital

Lawrence H. Seltzer

The Quarterly Journal of Economics, 1932, vol. 46, issue 3, 496-508

Abstract: Mobility of capital in traditional economic theory, 496. — Much capital consists of goods having a relatively short life and of staple inventories, 498. — Mobility of capital also depends upon degree of specialization, 500. — A large proportion of fixed capital only superficially specialized, 501. — Actual mobility facilitated by the diffusing of capital and manufacturing burdens, 503. — This practice reduces the deterrent influence of risk, 504. — Early growth of the automobile industry largely financed by indirect diversion of capital, 504. — The rôle of profits in guiding investment not limited to the direct attraction of capital, 506. — Mobility facilitated by presence of idle utilities in existing equipment and by technological advances, 507. — Diversion of the products and services an important factor, 508.

Date: 1932
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