Teaching Hicks How to Earn Interest Professionally: Hicks' Broken-Window Income Definition

5 Pages Posted: 3 Sep 2013 Last revised: 10 Sep 2013

See all articles by Hak Choi

Hak Choi

Chienkuo Technology University - Department of International Business; Chung-Hua Institution for Economic Research

Date Written: September 1, 2013

Abstract

Hicks is one of the architects of national accounting. This paper proves that his suggested method has some attitude problem, and non-professional. Instead, this paper teaches Hicks how to conduct a professional lending business. Subsequently, it is found that Hicks' original interest is cost of the professional business. Based on Bastiat's broken-window parable, this paper proves that such cost cannot be treated as other people's income.

Keywords: National Income, Interest, Lending Business

JEL Classification: E01

Suggested Citation

Choi, Hak, Teaching Hicks How to Earn Interest Professionally: Hicks' Broken-Window Income Definition (September 1, 2013). Available at SSRN: https://ssrn.com/abstract=2319013 or http://dx.doi.org/10.2139/ssrn.2319013

Hak Choi (Contact Author)

Chienkuo Technology University - Department of International Business ( email )

No.1, Chiehsou N. Road
Changhua City, 500
Taiwan
+886 91 901-4618 (Phone)

HOME PAGE: http://euntold.wordpress.com

Chung-Hua Institution for Economic Research ( email )

75, Changhsin St.
Taipei
Taiwan

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