Discount curve (Exponential curve),
203-204, 223-224, 331-332; applications
 of, 206-208, 272, 284
287, 303-309, 317-322, 360-361,
378, 380-381, 391-394.
Discount paper, banks’, 204.
Disservices, definition of, 20, 119-120,
 325, 332; enumeration of,
120; measurement of, 120-121;
examples of, 123; ‘‘necessary
evils,” 123; one phase of, and
services termed ‘interactions,’
144; transformations of wealth
from one point of view are, 146.
Distribution curve of incomes, 142.
Distribution ledgers, 142, 143.
Disutility, criticism of term, 42.
Dividends, effect of payment of,
on capital account, 75; payment
of, out of capital, 75, 256;
variability of, 281-282, 406-407.

“Doses’’ of capital, 185.
Double counting, fallacy of, in cencept
 of income, 107-108, 113-115,
 116, 347, 350; economists’
attempts to avoid, 109-112.
Double entry bookkeeping, 144, 159,
325-326.
Double taxation, 39, 97-98, 250-253,
255.
Du Cange, Dufresne, definition of
capital by, 62.

E

“Earning power’’ of stock, 71.
Earnings (Earned income), definition
 of, 234, 333; distinction
between realized income and,
234-236, 247-253, 327-328, 353;
excess of, over income, equals increase
 of capital, 237-238, 328.
Edgeworth, F. Y., definition of income
 by, 102 n.!; cited, 410 n.
Elements of income or outgo, 121.
Emery, H. C., cited on speculations,
300.

Endorsement, influence of, in reducing
 risk, 289.
Engel, human beings counted as
wealth by, 5 n.2, 17.
England, bankruptey laws in, 83;
income taxation in, 253, 401.
Enjoyable income, 105, 112-113,
118, 325-326.

25

INDEX

 

    
  
 
 
 
    
   
  
 
  
 
  
  
     
   
   
   
  
   
  
 
  
  
 
  
 
 
  
    
 
 
 
  
 
 
 
  
 
 
  
  
  
 
 
  
  
 
  
    

Enjoyable objective services:(‘Consumption’’),
 Snumeion of,

  

165. J
Exchange of wealth, 10, 11 ga! 49, Lad
332; analysis of an, 158-159; 12.2

Expense, definition of, 119-120, 332mwemse’
Exponential curve. See Discount
curve.

 

 

F

 

Factor’s agreement, property right
represented by, 28.
Fee simple, rights in, 23; wealth
underlying, 26; definition of,
37; an asset having no counterpart
 liability constitutes a, 95. §
Fetter, F. A., cited on utility, 47; i
definition of capital by, 55; cited {
on confusion between quantity i
and value of wealth, 56 n.';
use of term ‘‘capital’’ by, 60
n.”; use of economic terms by,
67; concept of income of, 117,
165, 350-351; on distinction
between rent and capital, 186 n.".
Fictitious person, definition of, 335;

 

accounting of, distinguished from i
that of real person, 92, 138-139, § 1
153, 160-161. i
Finished products, classification of, 7. i
Flow, definition of a, 332. £

Flow of wealth, income conceived
as a, 51-52, 101; duration of,
52; rate of, 52, 332.
Flux, use of term “capital’’ by, 60;
concept of income of, 117.
Forecasts, of income from capital,
283-284; by trade journals,
291; speculators experts in,
295; crises caused by a general
error in, 296-297.
Foreclosure, settlement of bankruptey
 by, 86.
Forests, appraisal of present value
of, based on future worth, 205;
taxation of, 254.
France, limited liability in, 83;
taxation of forest lands in, 254;
government bonds in, 281.
Franchise rights, wealth underlying,
26, 29.
Franklin fund, accumulation of
interest shown by, 225.
Fund, definition of a, 332.
Fund of wealth, capital conceived
as a, 51-52.

ss

ll