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Collectif CSI

A Few Lineaments

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Extrait du texte

“The orchard produces the apples;
but the value of the apples produces the value of the orchard.”

– Irving Fisher, The Rate of Interest, 1907, pp. 13-14

What does capitalization mean? Where is it and what does it do? How can we make sense of it? And why do we need to make sense of it at all? Answering these questions requires some preparation. In this chapter, we first present a preliminary characterization of capitalization: a pervasive form of valuation that propels a consideration of return on investment and shapes our world accordingly. We then clarify how we have chosen to cope with it: as a practical process, an operation that we tackle from a pragmatist angle. Finally, we identify a few possible sites in which this operation can be investigated.

A rudimentary understanding of capitalization

Although we do not posit a straightforward definition of capitalization, we certainly can provide a clear intuition of what it is about. Capitalization is a way of considering something—specif...

© Presses des Mines, 2017

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