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

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PREFACE viii been shown have at first dissented strongly from the con- clusions of Chapter VII, but have invariably withdrawn their objections after finishing Chapter XIV. The nature of income is a subject which has not hitherto received, in economic literature, the attention it deserves. Income plays an important role in all economic problems; it is income for which capital exists ; it is income for which labor is exerted ; and it is the distribution of income which constitutes the disparity between rich and poor. Nor is the subject of interest solely to theoretical econo- mists. It appeals to practical men of affairs and to those who are interested in problems of social reform, as well as to the special classes of accountants, actuaries, and mathe- maticians. The book is so arranged that the general reader may, if he so desires, omit the technical por- tions, such as the appendices and possibly Chapter X VII. It is suggested that all readers should give special atten- tion to Chapters VI, VII, IX, and XIV. The problem of nomenclature has proved not a little puzzling. In general, each term has been employed in one, and only one, sense; but to follow this plan exclu- sively has not been found practicable. Several words are sometimes used for the same concept,— for instance, “re- sources” and “assets,” or “utility” and “desirability”; and sometimes the same word has been used in more than one sense, as in the case of “ capital,” which may mean capital- goods or capital-value. But special pains have been taken to avoid any confusion or uncertainty of meaning. The definitions have been carefully framed, and will be found collected in a glossary at the end. A few fragments of the book have appeared in a some- what different form in economic periodicals, and the whole book may be said to be only the elaboration of the ideas outlined some years ago in the Economic Journal. I would express my thanks to the publishers of the Economic Journal for permission to use unaltered some

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