424
R
Rae, John, use of economic terms
by, 5, 65.
Railway bonds, source of income
from, 130.
Railway capital, fallacious statistics
 of, 98.

Railway control, value of, 35-36.
Railways, disservices vs. services of,
120; income accounts of, 138-139;
 real sum total of income
of, 151; leases of, as examples
of perpetual annuities, 208 ; forecasting
 the value of property in,
284.
Rate of capitalization,
See Capitalization.
Rate of discount, 199, 200, 327-328,
332. See Discount.
Rate of flow, 52, 332. See Flow.
Rate of interest. See Interest, rate
of.
Rate of value-return, 229-238.
Ratios, income-capital, 185-186, 357.
Raw materials, classification of, 7.
Ray Act relating to bankruptcy, 83.
Real estate, regarded as one class of
wealth, 5; classification of, 7;
inaccuracy in appraisement of,
16-17; speculation in, 221-222,
254. See Land and Land improvements.

Real income, concept of, 104-106,
112-113.
Realized income vs. earned, 231-236,
 238, 247-255, 327-328,
353.
Real persons, accounting of, distinguished
 from that of fictitious
persons, 92-93, 138-139, 162-164,
 174-175.
Real wages, money-wages not, 104.
Recapitalization of stock companies,
70.
Receiver, office of, in reorganization
after bankruptcy, 86.
Rent, as example of transfer of
wealth, 150-151; and cost of
production, 173-174; spurious
distinction between interest and,
186-187.

194, 330.

Reorganization resulting from bank- |

ruptey, 86.
Repair fund, regulation of income
by, 259-263.

 

   

INDEX

Repairs, item of, in income and capital
 accounts, 257-263.
Report on Direct Taxation cited, 114.
Repudiation of debts, 84.
Reserves of capital held to avoid
risk, 290.
Resources. See Assets.
Return. See Value return.
Ricardo, on relation between capital
and labor, 55; theory of rent of,
187.
Rider, W., definition of capital by,
62.
Right, definition of a, 20.
Right to subscribe, 78.
Rights in common, wealth underlying,
 27.
Risk, element of, in determining
capital-value, 205, 210; as
applied to rate of interest, 271—
274; as applied to immediate
income, 275-276; coefficient of,
277, 336; relation between
amount of capital and, 277,
408-409 ; five methods of avoiding,
 288; avoidance of, by
method of guaranties, 288-289,
of safeguards, 289-291; safety
devices for meeting, 290; reduction
 of, by increasing knowledge,
 291; avoidance and shifting
 of, by insurance, 291-294;
shifting of, to speculators, 205—
298; shifting by hedging, 299-300;
 effect of element of, on
capital curves, 320-322; mathematical
 coefficient of, 403. See
Chance.
Risk of insolvency, 81.
Roosevelt, Theodore, 170.
Roscher, W., human beings counted
as wealth by, 5 n.?; treatment
of capital by, 54; definition of
income by, 346-347.
Runs on banks, 296, 297.

8

Safeguards, method of, to avoid
risk, 288, 289-201.
Safety devices, risk-meeting funetion
 of, 290.
Sale, definition of, 11, 336.
Satisfaction, concept of, 41, 324; distinction
 between utility and,
43-44, 53.