INDEX

Money, buying power of, andinterest rates, 493-497; paper,interest rates in terms of, 44,401-402, 415.

Money income. See Income,money.

Money instability often affectsinterest rates more than anyother influence, 451.

Money interest. See Interest,money.

Money loans. See Loans, money.

Money rate of interest. See In-terest, money rate of.

Monetary standard. See Pricelevel.

Mora (delay), interest justifiedby, 53.

Moses, Bernard, cited, 400.

N

National Bureau of EconomicResearch, studies of, on in-come, 334, 343, 350.

Natural interest. See Productiv-ity theory of interest.

Nature, slowness of, explains in-terest, 165.

Negative interest (and zero), 40-41, 67, 183, 185-192, 282-286,311, 415-416.

Negroes, characteristics of, makefor high interest rates, 374, 375,376.

Net income. See Income, net.

Nevada, interest rates in, 388,389.

Nicholson, J. Shield, cited, 34.

Norton, J. P., cited, 445.

O

Objective income. See Income,objective.

Ophelimity, 62n. See Marginalutility.

Opportunity, due to differentuses of goods and services,125-127; investment. See In-vestment opportunity; com-bined with impatience in mytheory, ix; contrasted withimpatience, 183; and impa-tience, determine institutionsand interest rates, 489-491; toincrease future income by sac-rificing present income, 103.

Opportunities, to make repairs,renewals, betterments, 194-200;to use, 200-202.

Opportunity line, meaning of,277#.; and market line, 266#.;and willingness line, 268#.

Opportunity lines, 264#.

Opportunity principles, 495-497;dominant in business loans,360; operation of, on valuesand costs, 461.

Option, definition of, 151; (In-vestment opportunity) shownby a line, 264#.

Options, among various uses ofincome, 128#.; choice of, af-fects income stream, 150;choice of, depends upon inter-est rate, 132#.; different typesof, 184-185; eligible and in-eligible, 151; introduce a newvariable in interest problem,143-149.

Optional income streams. See In-come streams, optional.

Orchard, an example of capitalvalue, 54-57, 460-462.

Outcome, a substitute for in-come, 19n..

Outgo, negative items of income,19n.

P

Palgrave, R. H. I., cited, 398.

Panics, effect of, on interest rate,449.

[ 562 ]