97-98 ; owner-method and
wealth-method of, 97-98; of
income, 250-254, 398-403; theory
 of advocates of single, 254;
of land, 254.
Taxing power, wealth underlying,
27; nature of government’s,
30-31.
Tenant, rights of, 34-35.
Time, element of: in concept of
capital, 51-52, 56-57; in considering
 interest, 196.
Todhunter, Ralph, cited, 401.
Total discount on a sum, 209-210,
374-378.
Total social wealth, diagrammatic
summation of, 316-317.
Total utility (Total desirability),
44, 47, 331.
Trade journals, risk element diminished
 by, 291.
Transaction, definition of, 159, 336.
Transfer of wealth, 10-11, 149-152,
158-159, 325, 336.
Transformation of services through
the human body, 167-168.
Transformations of wealth, definition
 of, 145, 325, 336 ; services or
disservices according to point
of view, 146; examples of, 147—
148.
Transportation of wealth, 148-149,
325, 336.
Trust, property held in, 31.
Turgot, use of term ““éapital’’ by, 60.
Tuttle, definition of wealth by, 4;
distinction between capital and
non-capital according to, 55;
use of economic terms by, 60, 67.

U

Undesirability, definition of, 42, 336.
Undesirable event, 123.
Undivided profits, 68, 256-257.
Usance of wealth, 117, 348.
Use of desirable events, ‘“utility’’
to be distinguished from, 19, 43.
Usufructs, wealth underlying rights
in, 26.
Utility, concept of, 19, 41, 42-43;
to be separated from wealth,
property, certificate of property,
and services, 38; error of belief
that wealth constitutes, 39-40;
distinction between satisfaction

INDEX

and, 43-44, 53; total and marginal,
 44, 331; consideration of
marginal, 44-46; total, 47;
definition of marginal, expressed
mathematically, 344-345.

Vv

Valuation of railways, 35-36, 151,
284.
Valuations in stock companies
(bookkeeper’s and market’s),
70-72.
Value, definition of, 13, 336-337;
various uses of term, and of
term “price,” 13-14; distinetion
 between quantity, price,
and, 14; of control in case of
railways, 35-36; measurement
of services by, 120-121; derivation
 of, from future and not from
past, 188-189; riskless, mathematical,
 and commercial, 276—
277, 280-283; dimensions of
wealth, price, and, 341-344;
increase of, not income, 351;
formule for, of bond, 378-380.
See Capital-value.
Value productivity of capital, 185,
186, 335.
Value return of capital, 185-186,
188-191, 202, 336; rate of, 229
238; may be greater or less than
rate of interest, 229-231.
Variation, of income, and its remedies,
 125-129, 243-247, 259-263,
 293-294; of rate of interest,
 220, 271-273, 284-285,
390-393, 396-398; of dividends,
281-282, 406-407.
Venn, theory of chance of, 266.

w

Wage fund theory, 59.
Wages, money, are not real, 104.
Wagner, Adolf, on income, 125,
353-354.
Walker, Francis, 187.
Walras, human beings counted as
wealth by, 5 n.2; on. capital,
54, 55-56, 63.
Waste, an example of overbalancing
of services by disservices, 120.
Water-rights, an example of per- 



petual annuity, 193, 208-209.

    

  
 
 
  
   
 
   
 
 
  
 
  
 
   
 
 
  
  
  
 
 
  
  
  
 
 
  
 
  
 
  
  
 
  
 
  
 
 
  
 
 
  
 
 
 
 
 
  
  
 
 
 
   
 
 
 
  
    

 

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