J. v. Staudingers Kommentar zum Bürgerlichen Gesetzbuch und dem Einführungsgesetze: Recht der Schuldverhältnisse

The nature of capital and income

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Multivolume work

Identifikator:: 1896405266

Document type:: Multivolume work

Title:: J. v. Staudingers Kommentar zum Bürgerlichen Gesetzbuch und dem Einführungsgesetze

Place of publication:: München [u.a.]

Publisher:: Schweitzer

Year of publication:: 1910-1911

Collection:: Economics Books

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Volume

Identifikator:: 1896406157

URN:: urn:nbn:de:zbw-retromon-242028

Document type:: Volume

Title:: Recht der Schuldverhältnisse

Volume count:: Bd. 2

Place of publication:: München [u.a.]

Publisher:: Schweitzer

Year of publication:: 1910

Scope:: S. 926 - 1811

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Fünfzehnter Titel. Gemeinschaft / Erläutert von Dr. Karl Kober

Collection:: Economics Books

esi Ts 3 304 NATURE OF CAPITAL AND INCOME [Cuar. XVII curves; so that the total capital-value at the time C is represented by the altitude BC. But this separate representation for capital and for in- come respectively need not be adhered to, because the capital curve AB alone contains in its vertical teeth all that is necessary to indicate the installments of income; and in the present chapter the main propositions relating to a al a' a C A Fie. 13. capital and income will be restated with the aid of geo- metrical representations of which this capital curve AB is the type. §2 First of all, such a curve exhibits the fact that the value of any capital is the discounted value of the expected in- come. In Figure 14 the several discount curves used in previous diagrams are all continued to meet CB. The parts into which CB is thus divided, b, b', b”, b""', will represent respectively the present values of the income items a, a’, o//, a'"’. This may readily be proved from the nature of the discount curves.

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