Economic Principles, Vol. 1 (Classic Reprint) - Softcover

Inhaltsangabe

Excerpt from Economic Principles, Vol. 1

The more thoro analysis Of the economic properties of goods and actions has shown the need of new terms and of new definitions for Old terms, as in the cases of usance, the sepa rable use, rent, labor-income, time-preference, capital, interest, abstinence, consumptive, durative, and many other expressions. It is hoped that this revision Of fundamental concepts, as well as the new treatment Of enterprise and profits, the fuller statement of the capitalization theory of interest, and the separation Of the dynamic from the static theory, will be found helpful to teachers and acceptable in the end to all economic students.

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