The nature of capital and income

Abstract

NATURE OF CAPITAL AND INCOME[Chap. II utility, that equal increments of wealth have decreasing increments of utility, would be a contradiction in terms.To plead in extenuation of such confusions the fact that popular usage is guilty of them, is like trying to justify in the science of physics a jumbling together of the concepts of mass and density, or of velocity and acceleration, or of force and energy, on the ground that the ordinary man does not distinguish between them. NATURE OF CAPITAL AND INCOME[Chap. Ill satisfactions from those goods are held.

From Quaker Oats to Virgin Brides: Brand capital as a complex adaptive system

“…For our purposes, capital is a very comprehensive and inclusive entity. Following Fisher (1906), we define capital broadly as any combination of resources used to produce a flow of services over time. Our definition of capital provides ample scope for including all types of resources – both material and intangible – in the formation of brand capital.…”

“…The legal rights to brands are never absolute; they are always partial and incomplete. For instance, a trademark is only the right to the chance of obtaining some (but not all) of the future services of various attributes of a brand (Fisher, 1906: 22). Many brand users lack legal rights of use but they nevertheless have the power to put brands to novel unauthorized uses and to draw the fruits and profits from that use (that is, they can enjoy uncompensated services of brand capital).…”

Sustainomics, Sustainable Development and Climate Change

“…For example, Hicks (1946) implies that people's maximum sustainable consumption is "the amount that they can consume without impoverishing themselves." Much earlier Fisher (1906) had defined capital as "a stock of instruments existing at an instant of time", and income as "a stream of services flowing from this stock of wealth." Economic efficiency continues to play a key rolein ensuring both efficient allocation of resources in production, and efficient consumption choices that maximize utility.…”

Capital Structure, Precautionary Balances, and Valuation of the Firm: The Problem of Financial Risk

“…However, distinctions between expansion of the asset base and variation of the debt-equity mix for a given asset base are not always prominent. To put it another way, it should be apparent that 36. was underscored in an early work by Fisher [10]. In his formulation of the risk premium of corporate bonds, the likelihood of default in an arbitrary period is conditioned on the probability that the firm does not default in preceding periods.…”