 The Income of CapitalG. A. Kleene The Quarterly Journal of Economics, 1912, vol. 26, issue 2, 313-340 Abstract: I. Recent development of agio theory; time-preference, 313. — A wrong view of psychology of investment, 315. — No exchange of time-values, 316. — II. Modern form of abstinence theory, 318. — No valid generalization possible in regard to abstinence, 318. — Abstinential savings not regulative of rate of return, 319.— Rate due to objective factors, 320. — III. Productivity theory based on restricted view of productive process, 322. — Impossibility of distinguishing a product of capital if entire process is taken into consideration, 323. — IV. Minimum of data necessary to theory of income of capital, 324. — Failure of certain theories to account for necessary data, 325. — Capital resolvable into wages, 326. — Wages determined independently of product of capitalistic industry, 327. — Income of capital a residual, 328. — V. How profit is kept from consumer, 332. — How profit is kept from laborer, 333. — The capitalistic opportunity curve, 334. — Dependence of capitalistic income on limited development of capitalism, 335. — How rate of profit is determined, 337. — Limitations of theoretical method, 338. Date: 1912 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:qjecon:v:26:y:1912:i:2:p:313-340. Ordering information: This journal article can be ordered from Access Statistics for this article The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva More articles in The Quarterly Journal of Economics from President and Fellows of Harvard College |
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