Capabilities, Allocation and Earnings J. Koerting we need to become more

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both a bottom-up and a top-down approach to strategy will be taken

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Capabilities, Allocation and Earnings J. Koerting we need to become more1. 1 INTRODUCTION The final chapter of my Personal Income Distribution, a Hulticapability Theory (Hartog, 1981a) carried as its motto: 'Oh richness of the unfinished'. It concluded a book in which labor services were decomposed into services arising from different capabilities. Individuals were supposed to command stocks of capabilities and to decide on the utilization rates of these capabilities, by balanc ing efforts and rewards. The optimal