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ANALYTICAL TABLE OF CONTENTS

CHAPTER X

Psycuic IncoMr

. Objective income leads up to subjective .
. Illustrative cases :
. Concept of subjective income .
. Objective and subjective incomes differ in ithe

Objective and subjective incomes differ as to labor .

. Labor the only ultimate cost of production
. Objective and subjective income differ as to pain
. Summary . v v
, Classification of services .

CHAPTER XI

Four INCOME-CAPITAL RATIOS

. Résumé of previous chapters .
. Physical- and value-productivity, physiol: and valde-return .

. Errors from confusing them .
. How costs, past and future, affect values . . .
CHAPTER XII
CONCEPT OF RATE OF INTEREST
. The rate of interest as a case of ‘ value-return” . x
. Annual, semi-annual, quarterly, and continuous reckoning

Rate of capitalization or reciprocal of the rate of interest .

The *¢ premium ”’ and * price ’’ concepts of the rate of interest
. The conditions under which they are interchangeable
. Conditions under which they are not interchangeable
. The rate of discount
. Summary . . . . . . . . . .

CHAPTER XIII
VALUE oF CAPITAL

Capital-value of a single future item. The * discount curve *
Application to valuing capital, property, and wealth  .
Capital-value of a perpetual annuity
Application to valuing capital, property, and wealih
Capital-value of a terminable annuity .
Application to valuing capital, property, and wealth .
Capital-value of a bond : :
Capital-value of any income stream whalaver

 

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