ISBN: 9781152110519

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustra… More...

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 Excerpt: ...of goods produced by the efforts of the people, an aggregate which we shall designate as the national income, and to classify this total according to the industries and factors of production participating in its creation. The national dividend, to speak with accuracy, consists wholly of valuable services of persons or things. Our national well being is measured by the amount of free or valuable services at our command. Most of us receive, to some extent, direct services of other human beings. Waiters bring us our food; our shoes are polished by boot blacks; we are entertained by actors; our physical ailments are treated by physicians; lawyers aid us with legal advice; and we are instructed by teachers and clergymen. But the majority of people receive only a minor part of their income in the form of personal services. A larger fraction is made up of the services of commodities. Our homes serve to shelter us from the severity of heat, cold, and storm; our clothing serves us by tempering the unpleasant effects of sun and frost and wind as well as by catering to our vanity. Our food tickles our palates and replenishes our energies. All the gratifications, then, which compose our real incomes are afforded by the direct services of either persons or things. If the services of free goods are omitted and all other services are added together, they constitute the national dividend. But, quantities of services, like quantities of gratifications, are difficult to measure and record. When we desire a small article, we usually buy the article itself rather than its separate services. On the other hand, when dealing with commodities of greater cost, we often invest in their services only. We do not purchase a street car line in order to enjoy the service of a street car-... Willford Isbell King, Books, History, The Wealth And Income Of The People Of The United States Volume ?. 3 Books>History, General Books LLC<

ISBN: 9781152110519

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustra… More...

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1915 Excerpt: ...of goods produced by the efforts of the people, an aggregate which we shall designate as the national income, and to classify this total according to the industries and factors of production participating in its creation. The national dividend, to speak with accuracy, consists wholly of valuable services of persons or things. Our national well being is measured by the amount of free or valuable services at our command. Most of us receive, to some extent, direct services of other human beings. Waiters bring us our food; our shoes are polished by boot blacks; we are entertained by actors; our physical ailments are treated by physicians; lawyers aid us with legal advice; and we are instructed by teachers and clergymen. But the majority of people receive only a minor part of their income in the form of personal services. A larger fraction is made up of the services of commodities. Our homes serve to shelter us from the severity of heat, cold, and storm; our clothing serves us by tempering the unpleasant effects of sun and frost and wind as well as by catering to our vanity. Our food tickles our palates and replenishes our energies. All the gratifications, then, which compose our real incomes are afforded by the direct services of either persons or things. If the services of free goods are omitted and all other services are added together, they constitute the national dividend. But, quantities of services, like quantities of gratifications, are difficult to measure and record. When we desire a small article, we usually buy the article itself rather than its separate services. On the other hand, when dealing with commodities of greater cost, we often invest in their services only. We do not purchase a street car line in order to enjoy the service of a street car-... Willford Isbell King, Books, History, The Wealth And Income Of The People Of The United States Volume ?. 3 Books>History Publisher: New York: The Macmillan Company; London, Macmillan<