 | 1907 - 698 pagine
...is the service of wealth. We have therefore the following definitions : A stock of wealth existing at an instant of time is called capital. A flow of...services through a period of time is called income.' Thereafter he refers not to one but to two fundamental distinctions between capital and income, those... | |
 | 1907 - 642 pagine
...economist. The basis of his views can be put in two sentences : "A stock of wealth existing at a moment of time is called capital. A flow of services through a period of time is called income." Wealth is denned to include all those parts of the material universe which have been appropriated to... | |
 | American Mathematical Society - 1909 - 1272 pagine
...and income are introduced in the next chapter. The new definitions are : A stock of wealth existing at an instant of time is called capital ; a flow of...services through a period of time is called income. Subsequently this capital is designated as capital-wealth or capital-instruments and further definitions... | |
 | Frederick Pollock - 1910 - 458 pagine
...made the subject his own 2. (i) Capital3 is a fund, (i) Income* if a flow. A fund of property existing at an instant of time is called capital. A flow of services rendered ly that capital, for instance uy the payment of money from it, or any other benefit rendered... | |
 | 1924 - 498 pagine
...is the service of wealth. \Ve have therefore the following definitions: A stock of wealth existing at an instant of time is called capital. A flow of...services through a period of time is called income. Thus, by the introduction of the element of time as a decisive factor, a clearer conception has been obtained... | |
 | American Economic Association - 1927 - 402 pagine
...is the service of wealth. We have, therefore, the following definitions: A stock of wealth existing at an instant of time is called capital. A flow of...services through a period of time is called income. Now it must be said of these dualistic definitions that they are quite useless for the purpose in view.... | |
 | American Economic Association - 1927 - 396 pagine
...is the service of wealth. We have, therefore, the following definitions: A stock of wealth existing at an instant of time is called capital. A flow of...services through a period of time is called income. Now it must be said of these dualistic definitions that they are quite useless for the purpose in view.... | |
 | Philippines. Supreme Court - 1919 - 1144 pagine
...between capital and income is that capital is a fund; income is a flow. A fund of property existing at an instant of time is called capital. A flow of services rendered by that capital by the payment of money from it or any other benefit rendered by a fund of... | |
 | James C. W. Ahiakpor - 2003 - 278 pagine
...have therefore the following definition: A stock of wealth existing at an instant is called capital. Thus a dwelling house now existing is capital; the...its income. The railways of the country are capital . . . (Fisher 1906: 52-3; italics in original) Similarly, Fisher defines capital as "A stock of goods,... | |
 | Alejo G. Sison - 2003 - 186 pagine
...income eamed is a flow or stream of wealth. Hence. Fisher's definitions: 'A stock of wealth existing at an instant of time is called capital. A flow of...services through a period of time is called income' this italics. Fisher 1997b: S0l. A commentator as qualified as James Tobin sums up Fisher's view of... | |
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A stock of wealth existing at an instant of time is called capital. A flow of services through a period of time is called income. 
