INDEX

one cause of interest, 467-470;(Human impatience), defined,65; in interest theory, 61-98;rate of, measured, 62; some-times for future over present,67. See also Impatience.

Time shape of income stream, ef-fects of, on interest, 383-387;importance of, 130#.; influ-ences impatience, 67, 92-94;shown by charts, 29-30.

Time valuation, 14.

Training, influence of, on habitsof foresight, self-control, etc.,83-84, 336-338.

U

Uncertainty. See Risk.

United States, comparison of,with Europe as to wealth dis-tribution, 384-391; increasingincomes in, increase interestrates, 384-386; interest ratesin, 384, 386; since the War,386-387; interest rates andprices, 521, 527.

Uses, alternative, of wealth (cap-ital), 125-149, 150-177, 178-205.

V

Value not equal to cost, 538-540 ;of a product, belongs to theproducers, 50; exceeds cost ofproduction, 49-52; present dif-ferent from future, 49-52; ofall wealth determined by (1)expected benefits, (2) interestrate, 17-18.

Van Strum, Kenneth, cited, 220.

Veblen, T., cited, 488.

W

Wages, affected by interest rates,328-330; and profits, reckoned

as (1) rent, (2) income, 34;real, consists of outer events,5#.; ultimate, paid in enjoy-ment, 5; workers’ estimate of,not affected by interest rate,330-331.

Waiting (abstinence) not a cost,534-541; of capitalist, 180; ascost, 485-487; interest-takingjustified by, 180; not discount-able, 534-539; rewards of, 180;theory of interest, 178-179, 180,486-487, 534-541.

Walras, Leon, cited, 69; con-tribution of, to interest theory,518-519; interest theory of,contrasted with the author’s,519; tribute to, 518.

Wantability, 62n. See Marginaldesirability and Marginalutility.

War, effects of, on interest rates,392-393; lowers rates on safeloans, 382-383.

Waste, relation of, to poverty,339-340.

Wealth, definition of, 13; rela-tion of, to impatience rate,336-338.

Wicksell, Knut , 450; stated ef-fect of interest rates on prices,443n.

Willingness line, represents im-patience, 238-240.

Willingness lines, compared tomarket lines, 240-246.

Y

Yearly average rates of interest,520-525.

Z

Zartman, Lester W., cited, 390.

Zero interest, 40-41, 67, 183, 185-192, 282-286, 311, 415-416.

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