The nature of capital and income

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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. 6] SUMMARY OF PART III 315 We may suppose a man’s capital to be divided into three classes: first, money-paying investments; second, money; third, enjoyable articles purchased by money. We may juxtapose these elements, as in Figure 27. Enjoyable Capital piper] Sed Money rr rr Investments Fig. 27. Here, whenever an investment pays money, & tooth is produced in the first curve and a transection takes place between the categories “ investments and “money.” By each such transaction the investments are reduced in value by the amount of coupons detached, and the stock of money is increased by the same amount. In like manner, every time money is spent, a transaction takes place between the belt representing money and that repre- senting enjoyable capital. By such transaction the money stock is depleted, and the value of the enjoyable capital increased by the same amount. These operations are

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