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The Nature of Capital and Income

Consulting Editor James Tobin

Schumpeter regarded The Nature of Capital and Income as one of the three of Fisher’s contributions to general theory generally recognized, at the time Schumpeter was writing, as “of first-class importance and originality.” The other two were Fisher’s Mathematical Investigations (1892) and his statistical method for measuring the marginal utility of income (1927). Actually Schumpeter cites, as if still another, Fisher’s theory of interest – presented in The Rate of Interest (1907) and The Theory of Interest (1930) – but it is not quite clear whether he gives it full rank.

Volume Contents

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    Front Matter
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    Editorial Introduction By James Tobin
  • The Nature of Capital and Income By Irving Fisher
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      Prelims
    • Introduction: Fundamental Concepts
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        I
        The Nature of Capital and Income Wealth
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        II
        Property
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        III
        Utility
    • Part I: Capital
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        IV
        Capital
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        V
        Capital Accounts
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        VI
        Capital Summation
    • Part II: Income
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        VII
        Income
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        VIII
        Income Accounts
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        IX
        Income Summation
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        X
        Psychic Income
    • Part III: Capital and Income
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        XI
        Pour Income-Capital Ratios
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        XII
        Concept Of Rate Of Interest
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        XIII
        Value Of Capital
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        XIV
        Earnings And Income
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        XV
        Capital and Income Accounts
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        XVI
        The Risk Element
    • Part IV: Summaries
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        XVII
        Summary Of Part III (Chapters XI-XVI) Represented By Diagrams
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        XVIII
        General Summary
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      A Summary of the Definitions Used in This Book
    • Appendices
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        Appendix To
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        Appendix To
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        Appendix To
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        Appendix to
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        Appendix to
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        Appendix to
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        Appendix to
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        Appendix to
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      Index
  • Editorial Postscript with Selected Documents
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      Editorial Postscript
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      Notes: Professor Fetter on Capital and Income By Irving Fisher
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      Are Savings Income? By Irving Fisher
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      Appendix: Fisher’s Afterthoughts from the Draft Manuscript of My Economic Endeavors, 1946 By Irving Fisher