With the increasing importance of intellectual property, economics is
rapidly rethinking what is and what is not capital.  The inclusion of
software as a capital expense is indicative of the reconceptualization of
capital.  Chris already mentioned goodwill has another form of intangible
capital.


-- 
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]

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