Fisher's Capital And Income

Fisher's Capital and Income is a book written by Thorstein Veblen that explores the economic theories of Irving Fisher, a prominent American economist of the early 20th century. Veblen examines Fisher's concepts of capital and income, and critiques them from a sociological and historical perspective. He argues that Fisher's theories fail to take into account the social and institutional factors that shape economic behavior, and that they are too narrowly focused on individual decision-making. Veblen also offers his own alternative theories of capital and income, which emphasize the role of social norms and institutions in shaping economic outcomes. This book is a classic work of economic sociology and remains relevant to contemporary debates about the nature of capitalism and economic inequality.The concept has sufficient stability and precision to serve their needs; and, if the economist is to deal with the phenomena of modern life in which this concept serves a use of first-rate importance, he must take the term and the concept as he finds them. It is idle fatigue to endeavor to normalise them into a formula which may suit his prepossessions but which is not true to life. The mountain will not come to Mahomet.This scarce antiquarian book is a facsimile reprint of the old original and may contain some imperfections such as library marks and notations. Because we believe this work is culturally important, we have made it available as part of our commitment for protecting, preserving, and promoting the world's literature in affordable, high quality, modern editions, that are true to their original work.