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Principles of Political Economy, Vol. II

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Principles of Political Economy, Vol. II

The idea covered by the word receipts (_Einnahme_) embraces all the new

additions successively made to one's resources within a given period of

time.[144-1] Income, on the other hand, embraces only such receipts as

are the results of economic activity. (See §§ 2, 11.) Produce (_Ertrag_,

_produit_) is income, but not from the point of view of the person or

_subject_ engaged in a business of any kind, but from that of the

business itself, or of the _object_ with which the business is

concerned, and on which it, so to speak, acts.


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