Future, value of any capital-good 
dependent on the, 188-199, 204— 
205, 223-224; estimates of, 
based on the past, 283-284, 291, 
295, 296-297. 
Futures, trading in, 298-300. 
G 
Gambling, uneven value of the 
chances in, 275; distinction be- 
tween speculation and, 295. 
Gaskill, Alfred, quoted on taxation 
"of forest lands, 254. 
General property tax, 253. 
George, Henry, proposition of, to 
nationalize land, 30-31. 
‘Germany, appraisal of forests in, 
205; taxation of forest lands in, 
254. 
Gibbs, J. W., quoted, 65 n.% 
Gide, use of economic terms by, 43. 
Giffen, use of term “capital’’ by, 60. 
Gold certificates, nature of property 
right in, 32. 
Goods : wealth, property, and serv- 
ices treated under term, 41, 327; 
not income, 351. 
Good will, wealth underlying rights 
of, 27, 28-29. 
Government bonds, 31-32, 280-281. 
Government property, wealth under- 
lying, 27. 
Government reports, reduction of 
risk by, 291. 
Government’s taxing power, nature 
of, 30. 
“Graveyard insurance,” 294. 
Gross income, definition of, 121, 333. 
Guaranties, method of, to avoid 
risk, 288-289. 
Guth, Franz, on income, 356. 
Guyot, use of term ‘“capital’’ by, 60. 
H 
Hadley, A. T., “capital ” according 
to, 60 n.”; concept of income of, 
117; on commutation of risks, 
289, 299. 
Health as wealth, 176. 
Hedging, shifting risks by, 299-300. 
Hermann, F. B. W. v., concept of 
capital of, 54, 56; perishable 
oods regarded as non-capital 
y, 63; on income, 352-353. 
  
418 INDEX 
Hicks, use of term “capital” by, 61. 
Higgins, L. R., cited, 410. 
Hire, rights of, wealth underlying, 26. 
Holland, T. E., cited concerning 
definition of ‘‘rights,” 21. 
Housing and warming, services of, 
165. 
Human beings, considered as a form 
of wealth, 5, 17 ; classification of, 
in scheme of wealth, 7. 
Human body, transformation of 
services through, 167-168 ; effect 
of condition of, on subjective 
and objective income, 175-176. 
I 
Ignorance, element of, in chance, 268 ; 
reduction of risk by decrease of, 
291. 
Immaterial wealth, items included 
under, 4; disadvantage of the- 
ory of, 39. 
Impairment of capital, 110, 134, 
328; taxation of, 400-403. 
Imprisonment for debt, 83. 
Income, concept of, as flow of serv- 
ices during period of time, 51— 
52, 101, 116-118, 324;savings 
not to be included in, 108, 134— 
135, 247-255, 349, 353; vary- 
ing concepts of, 101-115, 345- 
356; conceived as money-in- 
come, 103-104, 115, 117-118, 
333; obtained in kind, 104; 
real, 104-106, 112-113; enjoy- 
able, 105, 112-113, 333; serv- 
ices only to be regarded as, 
106-107, 112, 116-118; fallacy 
of double counting in concept of, 
107-108, 113-115, 116, 347, 
350; not “regular,” 109 ; stand- 
ard, 110, 234, 236-237, 328, 
333, 396-398 (see Standard 
income) ; need not leave capital 
unimpaired, 110, 328; needless 
distinctions between social and 
individual, 113-115; confusion 
of capital and, 114-115, 351; 
primary or natural, 115, 150, 
333; social, 116, 141, 333, 348; 
net, 118, 121, 130-131, 333 
(see Net income); use of term, 
in two senses (services and value), 
121; element of, 121; gross, 
121, 333; viewed from one point 
    
  
  
  
  
    
  
   
  
  
  
   
  
  
  
  
  
   
  
  
  
   
  
  
   
  
  
   
  
  
  
   
  
  
   
  
  
   
  
  
    
  
   
   
  
  
   
  
   
   
  
  
   
    
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