Excerpt from The Nature of Capital and Income
A guide for finding wealth underlying given property rights A second guide. One property right overlaid by another.
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James Tobin, who received the Nobel prize in economics in 1981, is Sterling Professor of Economics at Yale.
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Paperback. Condition: New. Print on Demand. This book examines the fundamental concepts of capital and income, defining them in a rational manner. It explores the historical usage of the terms, and uncovers the inconsistencies that arise from neglect of the time element. The author presents a method to calculate a capital-value for a given income stream, and discusses the interrelation of capital and income due to risk. The book also investigates the concept of subjective income, which differs from objective income in time, labor, and pain. The author concludes by explaining that the concepts of capital and income are inseparably linked, and are meaningless without each other. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book. print-on-demand item. Seller Inventory # 9781330303696_0
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Seller: PBShop.store US, Wood Dale, IL, U.S.A.
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330303696
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Seller: PBShop.store UK, Fairford, GLOS, United Kingdom
PAP. Condition: New. New Book. Shipped from UK. Established seller since 2000. Seller Inventory # LW-9781330303696
Quantity: 15 available