ABSTRACT
The argument of the preceding chapters of this Part has dealt with the causes which determine the absolute and relative shares of categories. The main conclusion which has emerged is an apparent tendency, under modern conditions, for the relative share of property to increase at the expense of the relative share of work. For those who are primarily interested in the economic welfare of persons, the interest of such a discovery is only indirect and preliminary. In the next Part a direct study will be made of the inequality of personal incomes.
