INDEX

403

Waiting—

Cassel on, 176Carver on, 176Pigou on, 188, 190Wall Street, 159-60, 172Walras , Elements cTEconomic Pure ,on interest, 176-7War—

the Mercantilists on, 348and future of capitalism, 380-382

Wealth—

saving and the desire for, 211-13,348

fiscal policy and growth of, 95 n .inequality of, no, 372-5gold-mining and, 130-31“natural” and “artificial”, inMercantilist theory, 341Wealthy community—accumulation in, 219-20effective demand in, 220employment in, 31the multiplier in, 125-6

Wealthy community ( contd .)—standard of life in, 125-6Wicksell ’s “natural” rate of interest,183 n., 242W r ild duck, 183Windfall loss—defined, 57

and net income, 57-8, 92-5and changes of employment, 288Working capital, see Capital, work-ing

Yield of assets, defined, 225Yield of capital—due to scarcity, 2x3Yield of capital, prospective—defined, 135

relation of, to current yield, 141and stability, 250, 252and marginal efficiency of capital,135-7, 147, 246-8our ignorance of, 149-50and individual saving, 210-12estimation of, in future, 221

THE END

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