The nature of capital and income

Bibliographic data

Monograph

Identifikator:: 102659555X

URN:: urn:nbn:de:zbw-retromon-82920

Document type:: Monograph

Author:: Fisher, Irving http://d-nb.info/gnd/118533541

Title:: The nature of capital and income

Place of publication:: New York

Publisher:: The Macmillan Company

Year of publication:: 1923

Scope:: XXI, 427 Seiten

Digitisation:: 2019

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

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Document type:: Monograph

Structure type:: Chapter

Title:: Part IV. Summaries

Collection:: Economics Books

Sec. 4] SUMMARY OF PART III 309 ment that the capital is a mean proportional between its past cost and its future return. § 4 Another use which may be made of the diagrammatic representation is to exhibit in a compact manner the sum- mation of both the capital and the income of any given enterprise or community. This may be done simply by fi ———C Ev v Fia. 21. adding together the corresponding ordinates or vertical lines in any number of capital curves, representing any number of articles of wealth or property. Let Figure 18, for instance, represent one capital curve, and Figure 19 an- other. Figure 20, formed by combining Figures 18 and 19, then represents the sum of the capital and income of both. Figure 20 is derived from Figures 18 and 19 in such a manner that the ordinate B is the sum of the individual ordinates b’ and b”, and in like manner any other ordinate, C, is the sum of the corresponding individual ordinates ¢ and ¢’. From the rule by which Figure 20 is constructed, it is evident that every tooth in the constituent curves, such as a’ and a”, will be reproduced in the combined dia- gram. In Figure 20, therefore, the ordinates represent the combined capital-values at various points, while the two teeth a” and a’ represent the total income accruing in that time interval which includes them. Thus, Figure 20 epito- mizes the summation both of capital and income.

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