cnbc the profit In 1946, the famous British economist J.R. hicks, in value and capital, developed the concept of income into a general concept of economic gain. He argues that the real purpose of computing revenues is to make people aware of the amount of money they can spend without making them poorer. Accordingly, he gave a generally accepted definition of "the maximum amount of consumption that a person can spend at the end of the term, at the same level of prosperity". Hicks's definition, though primarily for personal gain, applies to businesses as well. In the case of the enterprise, according to this definition, the enterprise income can be understood as the maximum amount that can be allocated in the enterprise cost accounting period under the same amount of capital at the end of the term and the beginning of the period. In the face of market failure, coase has given the opposite answer: external-utility problems can be solved by explicitly using the market, without government intervention. And zhang wuchang is more absolute, he said that there is no so-called external utility, there is only unclear property rights. Anyway, coase brought revolutionary innovation to market concepts. He made it clear that the key to the market was not the "price mechanism" of impersonal machinery, but the power of participants in economic activity. George Goncalves, head of us interest rate strategy at nomura, argues that this could be the start of a bigger sell-off, largely depending on whether the us tax reform will eventually be approved. The bond market has been sceptical about the prospect of approval. Angelina Jolie can be an American talented actress cum director. She has received an Academy Award, two Screen Actors Guild Awards, and three Golden Globe Awards. Jolie has produced her name as an actress who are able to easily handle action, drama as well as directing. She wrote and directed the upcoming film "In the Land of Blood and Honey", a romance set from the backdrop from the Bosnian War. The two big-budget 2010 action movies, "Salt" that has been originally written for Tom Cruise, brought in $300 million with limited funds of $110 million and "The Tourist" earned 75% of its $280 million overseas market.