Lanterna Rally

Author: Archibald Brown Clark

Publisher: Forgotten Books

Published: 2018-09-15

Total Pages: 20

ISBN-13: 9781396276200

Excerpt from Your Tax Problem? There is. It is true. No hard and fast line of division between the two classes of services. But this is a common difficulty of classification in dealing with economic problems. We are always meeting with perplexing marginal cases. That. However. Does not invalidate the distinction. We define. As distinct conceptions. L' r. Capital. And land; wages. Interest. And rent. But where exactly are the dividing now to be drawn? What. For example. Are we to say of the skilled workman) Can we classify him as exclusively a labourer earning wages. And shut our eyes to the fact that he is also a capitalist receiving interest on his personal capital in the shape of equired skill. And perhaps also. If he is a man of genius. Receiving rent of his rare natural ability? So again. We distinguish between income and capital. But there is no sharp dividing line. For the one is continually being converted into the other. These. However. Are but illustrations of what Marshall has called the principle of continuity in economic conceptions. They shade into one another by insensible gradations. A distinction may be real and quite useful. Though it is impossible to draw rigid lines of division where nature has made none. There is then. To resume. A valid and useful distinction between general and specific services. Onerous and beneficial taxes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.