Discount curve (Exponential curve), 
203-204, 223-224, 331-332; ap- 
plications 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 cen- 
cept 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), defini- 
tion of, 234, 333; distinction 
between realized income and, 
234-236, 247-253, 327-328, 353; 
excess of, over income, equals in- 
crease of capital, 237-238, 328. 
Edgeworth, F. Y., definition of in- 
come by, 102 n.!; cited, 410 n. 
Elements of income or outgo, 121. 
Emery, H. C., cited on speculations, 
300. 
Endorsement, influence of, in re- 
ducing 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:(‘Con- 
sumption’’), 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 counter- 
part 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 bank- 
ruptey 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