Tax would then have caused the world's productive assets to be used inefficiently.
Later, he wrote, "The employee who can plan his economic future with reasonable certainty is an employer's most productive asset."
Investors still seem to prefer a negative real rate of interest on gilts to spending or putting their money into productive assets.
Privatization is the process of transferring productive public assets from the state to the private companies.
The vast majority of the population, even if they do own some consumption property, certainly have little access to income from productive assets.
It's being invested in productive assets via the securities markets.
By being creative, the entrepreneur can establish credit for the business early and maintain productive assets based on family financial objectives.
Economic restructuring has led to destabilization of human resources and productive assets.
The other jaw was the participation of employees in productive assets.
Today, the demand for a broad spread of productive assets corresponds to this 400-year-old proposition.