The Theory of Earned And Unearned Incomes a Study of the Economic Laws of Distr
The Theory of Earned And Unearned Incomes a Study of the Economic Laws of Distr
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To quickly assess the difficulty of the text, read a short excerpt:
-^ The "marginal" saver will not save unless compensated for so doing, and a man who would save something without interest will not save so much, will not save the "marginal"'-* dollar unless remunerated. When a person has already saved a considerable sum, has already denied himself a considerable amount of present income for the sake of larger future income, the better relative provision for his future than otherwise and the 22 See, for instance, Carver, The Distribution of Wealth, New York (M...acmillan), 1904, pp. 232, 233.
23 Ibid, pp. 235-245. Bohm-Bawerk, misinterpreting Carver, makes the latter say that interest is the result of overendowment of the future (saving). See Recent Literature on Interest, translated by Professors Scott and Feilbogen, New York (Macmillan), 1903, pp. 56-62.
2* "Marginal, " above, means marginal when interest is paid. There would, of course, without interest or with it, be a margin of indifference, and hence a marginal saver and a marginal dollar saved. But the margins would be different.
What to read after The Theory of Earned And Unearned Incomes a Study of the Economic Laws of Distr?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gunnison Brown to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
-^ The "marginal" saver will not save unless compensated for so doing, and a man who would save something without interest will not save so much, will not save the "marginal"'-* dollar unless remunerated. When a person has already saved a considerable sum, has already denied himself a considerable amount of present income for the sake of larger future income, the better relative provision for his future than otherwise and the 22 See, for instance, Carver, The Distribution of Wealth, New York (M...acmillan), 1904, pp. 232, 233.
23 Ibid, pp. 235-245. Bohm-Bawerk, misinterpreting Carver, makes the latter say that interest is the result of overendowment of the future (saving). See Recent Literature on Interest, translated by Professors Scott and Feilbogen, New York (Macmillan), 1903, pp. 56-62.
2* "Marginal, " above, means marginal when interest is paid. There would, of course, without interest or with it, be a margin of indifference, and hence a marginal saver and a marginal dollar saved. But the margins would be different.
What to read after The Theory of Earned And Unearned Incomes a Study of the Economic Laws of Distr?
You can find similar books in the "Read Also" column, or choose other free books by Harry Gunnison Brown to read onlineMoreLess
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