THE ROLE IN \• lORLD POLICY
THE CONCEPT OF NATIONAL INC0r· 1E*
Ludwig von Nises
In the minds of the old feudal lords, "income" was the amount
received each year from the ownership of land plus the sums they
received from assessments levied regularly against persons who
were under obligation to them in various ways.
The modern, capitalistic, concept of "income" stems from the
thinking of the merchant and the entrepreneur. It is the
correlative of the idea of ca...
1513_The Role in World Policy of the Concept of National Income.pdf