Explaining Bequests
In microeconomics theorists have engaged the issue of bequest from the perspective of consumption theory, in which they seek to explain the phenomenon in terms of a bequest motive.
Read more about this topic: Bequest
Famous quotes containing the words explaining and/or bequests:
“Religion. A daughter of Hope and Fear, explaining to Ignorance the nature of the Unknowable.”
—Ambrose Bierce (1842–1914)
“Just what is the civil law? What neither influence can affect, nor power break, nor money corrupt: were it to be suppressed or even merely ignored or inadequately observed, no one would feel safe about anything, whether his own possessions, the inheritance he expects from his father, or the bequests he makes to his children.”
—Marcus Tullius Cicero (106–43 B.C.)