Reprint. 8vo. xxi, [1], 427, [1] pp. Original green cloth, spine lettered and ruled in gilt (internally clean and unmarked; light wear to tips of spine and corners, spine slightly marked, otherwise a very good copy). New York, The MacMillan Company, 1930.
Originally published in 1906 and frequently reprinted thereafter, The Nature of Capital and Income marked the first cohesive attempt to ‘develop a theory of capital (including human capital) on an actuarial and accounting basis. Fisher demonstrated convincingly that in economics only the future counts, and that past costs have no direct relevance to value. In point of fact, his research resulted in rigorous definition of the bases on which it is possible to ground a valid theory of interest’ (IESS).
