INDEX

323

Store of value, 176-178.
Street cleansing and lighting, 270-272
Strikes, 142.
Subsidised industry, 247.
Substitutes for money, 165-168,
Substitution, 69, 70, 119-123, 202.
Supply, 42-64.
,» at a fixed price, 76-78.
-curve, 303, 306.
-equation, 302.
fixed in quantity, 43, 44, 76.
of capital, 82, 83-86.
of imported goods, 201.
of money, 169-174, 234.
-price, 57.
,, of labour, 124-133.
under competition, 49.
- ,s monopoly, 50, 71.
Surplus, cultivator’s, 100, 101, 114.
,, of return over expenses, 74, 75.
product, 264.
,» saveable, 83, 96.
Survival rate, 131.
Suspension of the Bank Act, 186, 187
191.
Swedish note-issues, 187.

Treasury notes of 1890, 188.
Triangular course of exchange, 242.
ny trade, 223, 224.
Tributes, 221.

UNDER-SUPPLY of labour, 125.
Unemployable, the, 141.
Unemployed, 140.
Uniformity of price in a market, 40, 41.
Union rules, 127.
Unit, marginal, of labour, 122.
ss of productive energy, 123.
,, Of value, 164.
United Kingdom, foreign trade of,
218.
United States currency, 187-189.
foreign indebtedness, 220,
223.
9 trade of, 215.
Unproductive, 7, 8.
Unskilled labour, 138.
Unstable equilibrium, 56, 208.
Urban rents and retail prices, 111.
Urgency of wants, order of, 24, 25.
Utilisation of capital, 88.
Utility, 6, 11, 21.
»» marginal, 22, 5I, 207, 300.
i # of capital, 81, 97.
’ ss of labour, 135.
;» of government services, 274.
,, total, 28, 300.

TALE, payment by, 163.
Tariff protective, 255.
Task-wages, 145.
Tax on imports, 204, 205, 307, 308.
Taxation, a personal matter, 281,
equity in, 273-280,
incidence of, 281-292.
of monopoly, 292, 31I.
9 shifting of, 282-287.
Taxes on interest, 283, 288.
profits, 284, 285.
rent, 282.
ys wages, 285.
Taxes, their effect on prices, 291, 292,
308-310,
Tenant and owner, 116.
Tenant-farmer, 102, 103.
Time-wages, 144.
Token coin, 195.
Total and marginal outlay and return,
105.
Total cost of production, 89,
,, utility, 28, 300.
Tourist expenditure, 221.
Trade secrecy, 155.
,, unions, 142,
Transferability of capital, 86.
7 labour, 126.
Transference of tax burdens, 287, 289-291.

Transport facilities and rents, 112, 113
Transportation, cost of, 200, 204.

VALUATION of exports, f.0.b., 217.
’s imports, c.i.f.,, 216, 217
ss of U.S,, 215,
217.
,s relative, 33, 201, 209.
Value, 10, 20,
,» its expression, 164.
,» its relation to utility, 29.
,» its source, 21.
,» of capital, 81, 86, 94.
,, ofland, 114, 115.
Values of foreign currencies, 230, 231.
Variety of wants, 22.
Vested interests, 255.
WaGEs and monopoly, 135.
prices, III.
product, 120-123.
,» protection, 257, 260, 261,
-fund, 139.
modes of assessing, 144-149.
of children, 136, Si 1s
of domestic service, 143.
problem, 118-135.
y» real and money, 139, 261.
,, taxes on, 285.
Walker, F. A., 143, 174.