America's first celebrated economist-developer of the Fisher equation, the Fisher hypothesis, and the Fisher separation theorem-offers here a rational foundation for the most fundamental of concepts behind the modern economics: capital and income.
This 1906 textbooks explores such ideas as.
. the difference between wealth and property rights
. why one bankruptcy leads to another
. the difficulties of defining income
. the "premium" and "price" concepts of interest
. risk in the economic arena
. and much more.
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