Spencer Heath's
Series
Spencer Heath Archive
Item 869
Random verbatim note by Spencer MacCallum from conversation with Heath when proofreading the chapter in Citadel, Market & Altar on “Hypothetical Distribution of National Income.”
December, 1955
Out of profits arises the demand for both labor and land. In the earlier stages of an economy, capital gets the lion’s share. In no other way could so much be re-invested. Later on, it shrinks up in favor of both labor and land.
Metadata
| Title | Conversation - 869 |
| Collection Name | Spencer Heath Archive |
| Series | Conversation |
| Box number | 7:860-1035 |
| Document number | 869 |
| Date / Year | 1955-12-01 |
| Authors / Creators / Correspondents | |
| Description | Random verbatim note by Spencer MacCallum from conversation with Heath when proofreading the chapter in Citadel, Market & Altar on “Hypothetical Distribution of National Income.” |
| Keywords | Profits Capital History |