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

CHAPTER XVIII GENERAL SUMMARY § 1 Ir has been the endeavor in the preceding chapters to give a definite picture of the mass of capital and its services to man. In such a picture we see man standing in the midst of a physical universe, the events of which affect his life. Over many of these events he can exercise no control or selection ; these constitute his natural environ- ment. Over others he exercises selection and control by assuming dominion over part of the physical universe, and fashioning it in new shapes to suit his needs. The parts of the material world which he thus appropriates constitute wealth, whether they remain in their natural state or are “worked up” by him into products to render them more adapted to his needs. This mass of instru- ments will consist, first, of the appropriated parts of the surface of the earth, of the buildings and structures attached to the soil, and of the movable objects or ““com- modities” which man possesses and stores in the buildings upon the earth: and, secondly, of the persons of the human population itself, —for these, though they are also the abode of the owner of wealth, are themselves objects owned. This mass of instruments serves man’s purpose in so far as its possession enables him to modify the stream of his- torical events. By means of land and the modifications which he makes upon it he is enabled to increase and im- prove the growth of the vegetable and animal kingdoms 328

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