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Nature of Capital and Income.

Item Number: 315

New York and London: Macmillan, 1906.

First edition of this pioneering work on the growth of wealth, by “the United States’ greatest scientific economist”. Octavo, original cloth. Inscribed by Irving Fisher. In excellent condition showing light wear to the extremities. Housed in a custom half morocco clamshell box. Rare signed and inscribed.

Nature of Capital Income was the first book to develop a theory of capital on an actuarial and accounting basis. Joseph Schumpeter wrote, "besides presenting the first modern theory of accounting, is (or should be) the basis of modern income analysis."