THE THEORY OF INTEREST

The reader will see that the r’s for the latest periodare much higher than for the other periods. For GreatBritain in the period 1898-1924, r = + 0.851 with i

H&)n<«U)UC-COO>OHNCO^U}(ONCD

o h w co^tacoc**

s °«

W N N 03 03 03 CvJ OJ

CHART 57

Curves Showing P and i with Straight Line Trends and ParabolicTrends. Yearly Data, United States , 1900-1927.

lagged one year. For the United States for the corre-sponding period 1900-1927, and with the same lag of i,we get r — -f- 0.806. It is not worth while to plot the r’s

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