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.
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Famous quotes containing the words explaining and/or bequests:
“If you’re lucky, you have money. That’s why it’s better to be born lucky than rich. If you’re rich, you can always lose your money, but if you’re lucky, you’ll always get more money.”
—Anthony Pélissier. Explaining her philosophy of life to her son (1949)
“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.)