The nature of capital and income

Abstract

CHAPTER IWealth § 1, Definition of wealth § 2. Classification of wealth .§ 3. Measurement of wealth .§ 4. Price of wealth § 5. Market-, asking-, appraised-price § 6. Value of wealth § 7. Quantity, price, and value contrasted § 8. Accuracy in measurement of quantity, price, and value FAai xv PAOS 4. Nature of credit 5.Importance of distinguishing methods of couples and balances CHAPTER VII Income § 1. Difficulties of defining income § 2. The money-income concept § 3. The real-income concept ....... § 4. Error of including as income both commodities and services § 5. Vain attempts to escape the pitfalls thus laid .§ 6. Income not restricted to " enjoyable " elements § 7. So-called social and individual income .... § 8. Conclusion CHAPTER VIII Income Accounts § 1. Introduction § 2. Specimen income and outgo accounts § 3. Cost of construction is to be included in outgo accounts . .§ 4. Devices for making income regular § 5. Applications of income accounting § 6. Example of individual accounts ...... § 7. Income and outgo account for negative capital (liabilities) .§ 8. Limitations of practical bookkeeping § 9. Income accounts for fictitious persons § 10.Relation of income accounts to capital accounts . . .CHAPTER IX Income Summation §1.Summation by " method of balances " §2."Interactions" § 3. Interactions which change the form of wealth (production) .§ 4. Interactions which change the place of wealth (transportation) § 5. Interactions which change the ownership of wealth (exchange) § 6. Accounts illustrative of the first class (production) . .§ 7. Results of combining these accounts ..... § 8. Methods of balances and couples contrasted . . ..157 § 9. Accounts illustrative of the third class, for fictitious persons .§ 10.Accounts illustrative of the third class, for real persons . .§ 11.Conclusion PAOB § 9. Capital-value when alternative income streams are possible .§ 10.Capital-value of a group of articles § 11.General conclusion CHAPTER XrV Earnings and Income § 1. Capital-value less than total anticipated income . . .