INDEX

Abstinence, a cost, 178-179, 486-487; interest taking justifiedby, 180; not discountable, 534-539; (waiting), by capitalist,

180; (waiting) not a cost, 534-541; (waiting) theory of inter-est, 180, 178-179, 486-487, 534-541.

Adjustment, individual, of impa-tience (Willingness), interestrate (Market), and investment(Opportunity), 272-275; by in-vestment without loans, 266#.;by loans and investment, 269#.

Agio theory, of interest, 473.

Allied debt settlements, 314n-.

Alternative uses of wealth (cap-ital), 125-149, 150-177, 178-205.

Agriculture, seasonal changes in,affect interest rates, 394-398.

Annuities and the waiting theoryof interest, 536-539.

Appreciation and depreciation,effect of, on interest rates, x,

36- 44, 493-497; foresight offsets,

37- 39; measures to offset, 38-39.

Assumptions of first approxima-tion stated, 101-102.

Auspitz und Lieben, cited, 252.

Australia , interest rates in, 390.

Average, yearly, rates of interest,520-525.

Ayres, L. P., cited, 439; relationbetween gold reserves and in-terest rates, 446.

[ 551 ]

B

Bank reserves and interest rates,444-450.

Betterments, repairs and renew-als, options of making, 194-200.

Bloch, Ivan, cited, 375.

Bohm-Bawerk , E. von, x; agiotheory, 473#.; cited, 313, 452n;discussed, 473-485; excludesland from capital, 459; expla-nation of technical superiority,475-476; quoted, 476 n, 478, 479-480, 481, 482-483; shows fallacyin socialists’ condemnation ofinterest, 51; technical superior-ity of present goods, 471-485.

Bonds, coin and currency, inter-est rates on, 401-403; gold andrupee, interest on, 403-407;value of, determined by (1)expected benefits, (2) interestrate, 17.

Bond yields and price changes(Great Britain) correlated, 416-442; (United States) correlated,417-442.

Borrower, a seller, 113.

Borrowers, not represented bypoor, 112; types of, 108-111.

Borrowing and lending, changesshape of income stream, 113;determined by personal quali-ties, income stream and inter-est rate, 250#.; equivalent toselling and buying, 112; in-come (not capital) transferredby, 94; limits of, for individual