The Nature of Capital and Income (Classic Reprint)

The Nature of Capital and Income (Classic Reprint)

by Irving Fisher
     
 

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Excerpt from The Nature of Capital and Income

This book is an attempt to put on a rational foundation the concepts and fundamental theorems of capital and income. It therefore forms a sort of philosophy of economic accounting, and, it is hoped, may supply a link long missing between the ideas and usages underlying practical business transactions and the theories of

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Excerpt from The Nature of Capital and Income

This book is an attempt to put on a rational foundation the concepts and fundamental theorems of capital and income. It therefore forms a sort of philosophy of economic accounting, and, it is hoped, may supply a link long missing between the ideas and usages underlying practical business transactions and the theories of abstract economics. To some readers it may seem that certain elementary topics have been treated at undue length; but, as experience shows that economic structures built on hasty and inadequate generalizations inevitably collapse, it seems hardly possible to take too much pains in making the foundations secure. On the other hand, topics which are in their nature technical or which digress from the main theme - and in particular mathematical formulæ - have been relegated to appendices.

Many of the theses maintained will undoubtedly fail to command assent on a first reading, for in any orderly presentation of a subject it is impossible to forestall all objections as they occur. The aim has been to preserve a definite sequence by which each step prepares the way for those which follow; but this plan has necessitated the postponement of some topics beyond the point at which a consciousness of their difficulties might begin to trouble the reader. He is therefore asked to stay judgment until he has finished the work, and, if necessary, to reread those parts in which his difficulties were first encountered. This suggestion is especially urged in regard to the treatment of income, the concept of which forms the central theme of the book.

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This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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Product Details

ISBN-13:
9781330303696
Publisher:
FB &c Ltd
Publication date:
07/02/2015
Pages:
454
Product dimensions:
6.00(w) x 9.00(h) x 0.92(d)

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