capital consist of, 152-156; 
shown by diagrams to be prepara- 
tory to enjoyable services, 317— 
320. 
Interest, is capital and not income, 
134-135, 224 ; not an item in cost 
of production, 173-174; spurious 
distinction between rent and, 
186-187 ; crude theories of, 187— 
188; nominal principal and, 
in case of bond, 211-212, 215, 
217; accumulation of, 224-226; 
definition of nominal and total, 
334. 
Interest, rate of: defined, 191, 
334; various meanings of, ac- 
cording to frequency of pay- 
ment, 192-194, 334; payable 
annually and semi-annually,192; 
premium and price concepts 
of, 194-196, 246; interchange- 
ability of premium and price 
concepts of, 196-199; table 
showing equivalent rates of dis- 
, count, capitalization, and, 200; 
a link between capital-valueand 
income-value, 202, 327; table 
of, realized per annum on three, 
four, and five per cent bonds, 214— 
215; effect on capital-value of 
change in, 229, 271-273, 390- 
393 ; value-return may be greater 
or less than, 229-234; risk as 
applied to, 271-274; forecast of, 
by insurance companies, 274; 
riskless, mathematical, and com- 
mercial, 279-280; on govern- 
ment bonds, 280-281 ; mathemat- 
ical relations between annual, 
semi-annual, and quarterly rates 
conceived in price sense, 357— 
358, in premium sense, 358- 
362; mathematical relation be- 
tween, and rate of discount, 
364-366; dimensions of, and 
rates of discount and capitaliza- 
tion, 367-368; variation of, 
produces two rival concepts of 
standard income, 396-398. 
Interstate Commerce Commission, 
Report of, cited, 39. 
Inventory, distinction between quan- 
tity, price, and value of wealth 
shown in an, 14. 
Investments, classification of, as 
INDEX 
between amount of capital and 
risk of, 277, 408-409. 
Irredeemable paper money, wealth 
underlying, 27; nature of, 30. 
Item of wealth, 5, 337. 
J 
James, William, quoted, 168 n. 
Jevons, W. S., use of phrase ‘final 
utility’’ by, 46; concept of 
capital of, 54, 57; use of term 
“discommodities’” by, 120; 
cited on rent entering into cost 
of production, 173. 
Joint stock companies, capital ac- 
counts of, 68-70; limited lia- 
bility in, 82-83; shares in, as 
example of perpetual annuities, 
209. 
Joint stock rights, wealth underlying, 
26. 
Juglar, cited on crises, 296. 
K 
Kind, income obtained in, 104. 
Kleinwiichter, concept of capital of, 
54; raw materials regarded as 
non-capital by, 63; on income, 
102, 351-355. 
Knies, on capital, 54, 57, 60. 
Knowledge, reduction of risk by 
method of increasing, 288, 291; 
utility of speculation based on, 
298. 
Komorzynski, on capital, 65 n.% 
L 
Labor, economists’ views of relation 
between capital and, 55; de- 
fined as outgo in form of human 
exertion, 120, 334; as form of 
disservice, 145; appraisal of, 
172; in a sense the only true 
cost of production, 175; dis- 
tinction drawn between work 
and, 175 n. 
Labor power, 316-317. 
Lafrentz, L. W., use of term 
tal’’ by, 63. 
Land, regarded as one class of wealth, 
5, 334; classification of, 7; 
nationalization of, 30-31, 254; 
fancied distinction between capi- 
“capi- 
  
safe and unsafe, 277; relation 
tal and, 56 n!.; view of, as non- 
    
   
  
  
   
  
  
  
  
  
    
    
    
   
   
   
   
  
   
   
   
   
  
  
   
   
   
  
  
  
  
   
  
  
   
  
  
  
  
  
   
   
  
   
   
  
  
   
  
  
   
  
  
    
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