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 between
 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 services
 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 underlying,
 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 theory
 of, 39.
Impairment of capital, 110, 134,
328; taxation of, 400-403.
Imprisonment for debt, 83.
Income, concept of, as flow of services
 during period of time, 51—
52, 101, 116-118, 324;savings
not to be included in, 108, 134—
135, 247-255, 349, 353; varying
 concepts of, 101-115, 345-356;
 conceived as money-income,
 103-104, 115, 117-118,
333; obtained in kind, 104;
real, 104-106, 112-113; enjoyable,
 105, 112-113, 333; services
 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 ; standard,
 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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