Capital, Interest & Rent
Index
INDEX
Abstinence theory, 40, 41, 87, 223, 238, 260, 266-268, 270, 274
Accounting practices, 93-94, 151-170, 274
Accumulative savings, 164
Acquisition/production distinction, 133
Acquisitive capital, 146
Adams, H. C, 125
Agio theory, 222, 269, 273
Aldrich plan, 295
Allotropism, 216
American economists, 121-123
Annuity, 103-104
Appliance production, 347-348
Appreciation, 103
Arbitrage, 18
“Are Savings Income?” (Fisher), 114-118
“Are Savings Income?—Discussion” (Fetter), 8, 114-118
Artificial goods capital concept, 267-269
Ashley, W. J., 275
Assets, 161, 166
Austrian school, 2, 75, 274
capital theory, 6, 159, 160
land/capital distinction, 10
Auxiliary capital, 131
Average production period, 10-11, 176, 178-183
Bank credit, 292-294
business needs and, 302-304
Bank credit expansion, 19, 20, 300-302
Bank credit-price relation, 294-296
Bank of England, 304-305
Barter, 276, 278-279
Bastiat, F., 126
rent theory, 79
Böhm-Bawerk, Eugen von, 17, 130, 131
capital theory, 5, 8, 34-40, 42, 47, 49, 50, 56, 57, 60-66, 87-91, 128-129, 147, 159-160, 183
fructification theory, 313
income concept, 53
interest theory, 7-12, 17, 34, 36-37, 51-53, 90, 92, 172-188, 228, 231, 232, 239, 256, 258, 260, 263, 265, 266, 269-273, 279, 282
subsistence fund, 29
works—Capital und Capitalzins, 3, 84-86, 146-147
Einige strittige Fragen der Capitahtheorie, 7, 87-91
Positive Theorie des Capitals, 34, 36, 84, 86, 92, 172, 187
Recent Literature on Interest, 222-225
Boucke, O. F., 137
Brown, H. G., interest theory, 226, 230, 236, 248-250, 256-259
Buck, N. S., 136
Business calculation, 117, 132, 133, 137, 138
Business cycle theory, 19-20, 295
interest theory and, 261, 275
Business needs, bank loans and, 302-304
Bye, R. T., 137
Cairnes, J. E., 370
Cannan, Edwin, 48, 49, 96, 275
income theory, 100
interest theory, 272
“Capital” (Fetter), 9, 143-150
Capital; see also specific classifications acquisitive (private) vs. productive (social), 35, 36
cost-of-production theory of, 246, 247, 250
definition of, 94-95, 122, 143, 149, 154-160
interest-bearing, 50, 51
land as, 57-62
marginal productivity of, 11
nature of, 94-100
synchronizing function of, 42-44
value vs. physical productivity of, 10
wealth and, 46, 135
Capital accumulation (increment) , 41, 115, 116, 131
Capital and Interest (Böhm-Bawerk), 3
Capital and Its Earnings (Clark), 119, 147
Capital as investment, 145
Capital as product, 57-65
Capital/capital goods distinction, 10
Capital concept, 7, 27, 29, 33-73, 76-78, 82, 106, 109-110, 120, 139, 270
Clark’s reformulation, 119-142
industrial development and, 80-81
interest theory and, 245-248, 267-269
reformulation of, 119-142, 151-161
restatement of, 65-69
Capital fund, 6-8, 41, 42, 120, 136, 143, 147
Capital gains, 8
Capital genesis (origin), 40, 45, 57, 77, 160
Capital goods, 6-9, 11, 38, 44-45, 47, 65-69, 120-122, 124, 128, 129, 131, 147, 158-160
Capital-income distinction, 9, 94-97
Capital-income ratios, 106-107, 110
Capital-income relation, 34, 106-108
Capital increase, 322, 323, 324
roundaboutness and, 177-180
Capital investment, 128, 132
Capital/land distinction, 7-10, 63, 159, 201-204, 211-212, 216, 250, 357-358
Capital/land relation, 132
Capital measurement, 66-68, 130
Capital production means vs. capital possession, 124
Capital productivity, roundabout process and, 173-177
Capital-property, 99
Capital stock, 48, 49, 143, 144, 156-158
Capital sum, 99-100, 116, 129, 143, 144
Capital supply, 175
Capital theory, 5-9, 33-73, 87-91, 93-113, 128-130, 158-161
eclectic, 131-133
Capital und Capitalzins (Böhm-Bawerk), 84-86, 146-147
Capital value (valuation), 5, 65-69, 121, 124, 127-129, 131, 132, 134, 137, 138, 146, 156, 159-161, 164, 176, 178-180, 183, 208, 271
Capital value-income value relation, 103-104, 107, 108
Capital/wealth distinction, 99, 160, 205-207
Capitalism, 148
Capitalization theory, 5, 7, 14, 16, 18, 66, 67, 90-91, 93, 108, 136, 148, 161, 179, 208, 209, 212, 218, 230-236, 240, 242, 245, 246, 248, 249, 251, 256-259, 264-266, 268-270, 273, 275-289
durable agents pricing and, 282-285
normal range of profits and, 285
“Capitalization versus Productivity: Rejoinder” (Fetter), 256-259
Carey, H., 122, 126
Carver, Thomas Nixon, 14, 85, 210, 212, 214, 216, 223, 275
Cassel, Gustav, Nature and Necessity of Interest, 222-225
Circulating capital, 145, 148, 158
Clark, John B., 86, 90, 109, 130, 131, 217, 274
capital concept reformulation, 119-142
capital theory, 5, 6, 8, 37-46, 49, 50, 65-66, 110, 147, 160
distribution theory, 127
income concept, 53
influences, 122-128
interest theory, 14, 196, 224, 260, 270-273, 290
rent theory, 8, 14, 79
value concept, 99
works—Capital and Its Earnings, 119, 147
Distribution of Wealth, 147
Philosophy of Wealth, 119-120, 123, 126, 127
“Clark’s Reformulation of the Capital Concept” (Fetter), 119-142
“Comment on Rent under Increasing Returns” (Fetter), 22, 359-365
Commodity production, 347-348
Communist theory, 148, 260
Conservative savings, 164
Consumer goods prices, 2, 15
Consumer loans, 17
Consumer surplus (rent), 332
Consumption, 76
income as, 8.
Consumption capital, 131
Consumption concept, 69
Consumption goods, 35, 36, 42-44, 47, 48, 50, 51, 55
Consumption loans, 17, 251
Consumption/production distinction, 54
Consumption tax, 105
Consumption theory, 109
Consumptive expenditure, 117
Continuity concept, 215
Contract interest, 52-53, 198, 218, 234, 235, 242, 243, 249, 275
Contract loans, 246
Contract rent, 198
Contractual income, 198
Cardoza, J. N., 122
Corporation assets, 161
Corporation capital, 149, 156-158, 161
Corporation income, 162, 163
Cost concept, 166
Cost of production-rent relation, 333-343
Cost-of-production theory, 75, 77, 78, 81, 90, 91, 161, 183, 203, 246, 247, 250, 333-334
Cotgrave, 144
Crusoe model, 17, 235
Cunningham, W., 275
Daniels, W.M., 217
Das Geld (Knies), 124
Davenport, 133, 275
Depreciation, 103
Dietzel, H., 87
Differential income, 2
Differential rent, 2
Discount rate, 241-243, 246, 247, 249, 250, 292-294, 300-302
Discount theory, 14-15, 218, 305-308
Distribution of Wealth (Clark), 147
Distribution theory, 1-3, 8, 31, 121, 125, 127, 203, 204, 208, 267, 319
Dunbar, C., 123
Durable goods, 208-209
Earned income, 103
East India Company, 144, 157
Econometrics, 11, 261
Economic classes, 369
Economic concepts in accounting, 151, 170
Economie income, 198
Economie interest, 52, 53, 55, 198, 209, 232, 234, 235
Economie Principles (Fetter), 1
Economie rent, 198
Economie satisfaction, 54
Economie theory, 74-83
Economics (Hadley), 49, 134
Edie, L. D., 138
Effective social utility, 38, 120, 127
Einige strittige Fragen der Capitalstheorie (Böhm-Bawerk), 7, 87-91
Ely, Richard T., 125, 137, 356
Entrepreneurial earnings, interest and, 87
Entrepreneurship, 16
Evaluation, 209
Exploitation theory, 87, 223
Factor maintenance, 206
Factor prices and pricing, 2, 3
Factor rent, 3
Factors of production, 77, 82, 121, 136, 205-206, 319, 369
Fairchild, F. R., 136
Federal Reserve System, 295
Fetter, Frank Albert
biographical data, 1
business cycle theory, 19-20
capital theory, 9
interest theory, 9, 13-21, 230-233, 275
on monopoly, 1
rent theory, 13
works—“Are Savings Income?—Discussion,” 8, 114-118
“Capital,” 9, 143-150
“Capitalization versus Productivity: Rejoinder,” 256-2593
“Clark’s Reformulation of the Capital Concept,” 119-142
“Comment on Rent under Increasing Returns,” 22, 359-365
Economic Principles, 1
“Interest Theories, Old and New,” 14, 226-255
“Interest Theory and Price Movements,” 17, 260-316
“Landed Property..., Discussion,” 356-358
Masquerade of Monopoly, 1
“Nature of Capital and Income,” 7
“Next Decade of Economic Theory,” 74-83
“Passing of the Old Rent Concept, 21, 318-355
Principles of Economics, 1
“Recent Discussion of the Capital Concept,” 5, 33-73
“Reformulation of the Concepts of Capital and Income...,” 151-170
“Relations between Rent and Interest,” 13, 192-221
“Rent,” 22, 366-373
“‘Roundabout Process’ in the Interest Theory,” 9-11, 172-191
reviews:
Capital und Capitalzins (Böhm-Bawerk), 84-86
Einige strittige Fragen der Capitalstheorie (Böhm-Bawerk), 7, 87-91
Nature and Necessity of Interest (Cassel), 222-225
Nature of Capital and Income (Fisher), 93-113
Positive Theorie des Capitals (Böhm-Bawerk), 92
Recent Literature on Interest (Böhm-Bawerk), 222-225
Wages and Capital (Taussig), 26-32
Fisher, Irving, 86, 133, 134
capital theory, 5-9, 46-49, 93-113, 134-135
distribution theory, 8
income concept, 53
interest theory, 14, 17, 19, 92, 224, 226-230, 236-240, 246, 248, 275, 290
on savings, 8
works—
“Are Savings Income?” 114-118
Nature of Capital and Income, 7, 93-113
Rate of Interest, 6, 14, 236-238
Fixed capital, 148, 158
Fructification theory, 265, 266, 269, 313
Fund concept, 135-136
Fund/flow dichotomy; see Stock/flow dichotomy
Furniss, E. S., 136
General rent, 204
George, Henry, 123, 260
Progress and Poverty, 126, 127
rent theory, 126
German economists, 123-125
Giddings, F. H., 122
Government loans in wartime, 308-311
Greenback movement, 262
Gross rent, 6, 9
Hadley, A. T., 133-135
Economics, 49, 134
Hayek, Friedrich A., 6
business cycle theory, 19
Held, Adolph, 194
Herkner, H., 359
Hermann, F. B. W., 35, 124
Hobson, John A., 203-204
rent theory, 79
Hollander, J. H., 210, 211, 214, 361
Hume, David, 261-264, 299
Impatience theory, 227, 236-239, 249, 250
Income, 155; see also specific classifications
consumption as, 8
definition, 8, 94-95, 161-164
nature of, 100-106
price-determined vs. price-determining, 205
as service, 135
services as, 101
as surplus, 164
Income-capital distinction, 9, 94-97
Income-capital relation, 103-104, 106-108
Income-capital ratios, 106-107, 110
Income categories, 102
Income concept, 7, 48, 53, 110, 114-118, 161-166
reformulation of, 161-170
Income-production relation, 213
Income tax, 8, 104-105
Income theory, 100-106, 146
Increasing returns, rent and, 359-365
Individual capital, 131-133, 137, 149, 156, 203
Individual income, 162-163
Industrial development, capital concepts and, 80-81
Industrial equipment, 291-292
Industrial process, 27
Industrial sectors, interest rate and, 88-89
Inflation, 298-300
interest rate and, 19
Instruments of production, 129
Interest, 129; see also specific classifications
definition of, 218
entrepreneurial earnings and, 87
Interest bearer (source), 196-197
Interest-capital relation, 34
Interest concept, 55, 60, 78, 80, 120, 121, 132, 133, 147, 192-201
Interest contract, 198, 199, 207
Interest expression, 207
Interest-price relation, 276, 279-285, 287-314
Interest rate, 4, 5, 91, 180, 234-239, 244, 246, 247, 249, 250, 256, 259, 269, 272, 276
business cycle and, 19
discount factor, 14-15
industrial sectors and, 88-89
market, 14
monetary metals and, 262-263
natural, 11, 16
price level and, 19
Interest rate determination, 19
Interest rate inflation, 298-300
Interest rate-loan type relation, 296-297
Interest rate-price change relation, 290-314
Interest rate-profit rate relation, 285-287
Interest/rent distinction, 130
Interest-rent relation, 13, 14, 121, 192-221
“Interest Theories, Old and New” (Fetter), 14, 226-255
Interest theory, 3, 7-21, 34, 36-37, 51-53, 55, 82, 87, 90, 92, 93, 148, 172-316
abstinence, 223, 238, 260, 266-268
business cycle and, 261, 275
capital concept in, 245-248, 267-269
capitalization, 230-236, 264-266
eclectic, 17, 223, 256, 272
exploitation, 223
fructification, 265, 266, 269
impatience, 227, 236-239, 249, 250
labor-cost, 223
money supply and, 261-262
physical-productivity, 239-245
postwar recovery and, 311-312
price movements and, 260-316
productivity, 3, 15-17, 34, 37, 50, 147, 148, 160, 185-187, 223, 226-230, 237, 239-249, 256-259, 263-264, 269-273, 286-287
psychological, 227, 228, 232, 235, 256, 263
roundabout process and, 7, 10, 12, 89, 172-191, 223
technical productivity and, 187-188
time-preference, 3, 7, 9-15, 17, 18;
see also Time preference use, 263
value-productivity, 239-245
“Interest Theory and Price
Movements” (Fetter), 17, 260-316
Invention, 88
Investment, 66, 133
Jevons, William Stanley, 75, 274
capital theory, 35, 159
Theory of Political Economy, 146
John Bates Clark Festschrift, 8
Joint stock company, 144, 157
Just price, 260, 276
Kleinwächter, F., 35
Knies, Karl, 123-125, 134
capital theory, 35
Das Geld, 124
Knight, Frank H., 6
Risk, Uncertainty, and Profit, 16
Labor
productive vs. unproductive, 54
“true fruits,” 42-43
Labor theory of value, 8, 10, 41, 43, 48, 57-65, 69, 77, 78, 81, 82, 90, 126, 128, 129, 146-148, 158, 160, 176, 178-180, 268, 269, 271
Labor units, 82
Land as capital, 57-62
labor value, 126
Land and Its Rent (Walker), 126
Land as fixed stock, 322-323
Land/capital distinction, 7-10, 21, 63, 136, 159, 201-204, 211-212, 216, 250, 320-322, 325, 357-358
Land-capital relation, 132
Land capitalization, 16, 90, 246, 265-266, 268-269
Land concept, 6-8, 120, 122, 129, 131, 214, 319-324, 350, 356-358, 369
Land extension, 325-330, 350
Land improvement, 202-203
Land investment, 127
Land rent, 14, 22, 79, 193-195, 198-199, 260-261, 269, 319-320, 360, 369-370
Land value, 128, 178-179
“Landed Property...” (Ely), 356-358
“Landed Property..., Discussion” (Fetter), 356-358
Laughlin, J. L., 123
Law of diminishing returns, 211
Law of rent, 81
Legal factor, 153
Lexis, W., 87-89
Loan markets interrelationships, 297-298
Loan type-interest rate relation, 296-297
Long-run normal profit, 3
Macfarlane, C. W., 204, 215-216
rent theory, 79
Machlup, Fritz, 6
MacLeod, H. D., 35
Macvane, 85, 123
Malthus, Thomas, 195, 368
Marginal principle, 127
Marginal product, 333, 335, 343, 360, 361, 369
Marginal productivity, 2-5, 11, 274
Marginal utility, 2, 13, 76, 183, 208
Marshall, Alfred, 85, 130, 214, 215, 223, 365
capital theory, 9, 95, 129, 131-133, 159, 160
income theory, 95, 100
interest theory, 17, 133, 272, 290
Principles of Economics, 21, 131, 318
rent theory, 21-22, 79, 195, 318-352, 366, 370
Marx, Karl, 45, 85, 86, 124
capital theory, 35, 146
Masquerade of Monopoly (Fetter), 1
Medieval economy, 80-81, 154-155, 197, 199, 366
Menger, Carl, 147
capital theory, 35
Mill, John Stuart, 79, 85, 122, 123, 311
capital theory, 62, 145, 158
land concept, 358
Principles of Political Economy, 145
rent theory, 82, 370
Mises, Ludwig von, 19
Mixter, C. W., 85
Monetary metal, 262-263
Money, 199
Money capital, 147, 155
Money concept, 66
Money cost, 348-349
Money income, 8, 102, 105, 106, 115, 162
Money measurement, 134
Money supply, 19-20
interest theory and, 261-262
Money wages, 28, 30, 31
Monopoly, 1, 81, 215-216
Motives, 76
Napoleonic Wars, 309
National Monetary Commission, 295
Natural agents, 47, 64, 69, 177, 194-195; see also
Land entries Nature and Necessity of Interest (Cassel), 222-225
Nature ofCapital and Income (Fisher), 7, 93-113
Neoclassical school, 2
Net rent, 6, 9
Net worth, 165
Newcomb, Simon, 49, 108, 131, 134
“Next Decade of Economic Theory” (Fetter), 74-83
No-cost-of-production theory, 195, 203-204
No-cost rent concept, 343-351, 360-361
Nominal capital, 148
Normal rate of profits, 285
North, Dudley, 367
Note issuance, 295
Objective services, 102
“Passing of the Old Rent Concept” (Fetter), 21, 318-355
Patten, S. N., 109, 122
Perry, A. L., 122
Philippovich, Eugen von, 87
Phillips, C. A., 122
Philosophy of Wealth (Clark), 119-120, 123, 126, 127
Physical measurement, 47, 134
Physical productivity, 106, 239-245
Physical return, 106
Physiocrats, 367
Populist movement, 262
Positive Theory of Capital (Böhm-Bawerk), 34, 36, 84, 86, 92, 172, 187
Present-future goods distinction, 38-39, 184-185
Price-bank credit relation, 294-296
Price changes
of industrial equipment, 291-292
interest rate relation, 290-314
long-time, 290-291
short-time, 292-294
Price inflation, 298-300
Price-interest relation, 276, 279-285, 287-314
Price level
interest rates and, 19
rediscount policy and, 304-305
Price movements, interest theory and, 260-316
Principles of Economics (Fetter), 1
Principles of Economics (Marshall), 21, 318
Principles of Political Economy (Mill), 145
Principles of Political Economy (Ricardo), 145
Private (acquisitive) capital, 35, 40, 47, 49-57, 69
Produced agents, 69
Producer’s surplus (rent), 332
Production/acquisition distinction, 133
Production capital, 146
Production concept, 69
Production/consumption distinction, 54
Production costs, 21-22
Production loans, 17, 251
Production period, 88-90, 176-183
Productive goods, 55
Productivity theory, 3, 15-17, 50, 87, 89-90, 129, 147, 148, 160, 173, 185-188, 223, 226-230, 237, 239, 256-259, 263, 269-273, 286-287
Profit, 162, 163, 165
capitalization theory and, 285-286
long-run normal, 16
normal (natural) rate of, 18
short-run, 16
Profit rate-interest rate relation, 285-287
Progress and Poverty (George), 126, 127
Property, 133
in capital concept, 124
Property concept, 68
Property tax, 105
Psychic income, 8, 94, 101, 102, 115-117, 233
Psychic states, 56
Psychological school, 146, 159
Psychological theory, 109-110, 117, 227, 228, 232, 235, 256, 263-264, 274
Pure capital, 47, 120, 121, 127, 128, 147, 270
Quasi-capitalist, 40, 41
Quasi-rent, 21, 79, 195, 204, 344-350, 352
Rae, John, 85, 86, 222
Rate of Interest (Fisher), 6, 14, 236-238
Raymond, D., 122
Real cost, 348-349
Real wages, 27, 28, 30, 31, 42
Realized income, 103
Recapitalization, 18
“Recent Discussion of the Capital Concept” (Fetter), 5, 33-73
Recent Literature on Interest (Böhm-Bawerk), 222-225
Recession, 19, 20
Rediscount policy, 295
of Bank of England, 304-305
“Reformulation of the Concepts of Capital and Income...” (Fetter), 151-170
“Relations between Rent and Interest” (Fetter), 13, 192-221
“Rent” (Fetter), 22, 366-373
Rent, 129
definition of, 2-3, 207, 217, 366
increasing returns and, 359-365
relation-to-cost concept, 214
time factor, 330-332, 351
Rent as surplus, 332-333
Rent bearer (source), 196-197, 206
Rent concept, 78-82, 120, 121, 128, 192-201, 343-351, 360-361
Rent contract, 197-199, 207, 371
Rent-cost of production relation, 333-343
Rent expression, 207
Rent/interest distinction, 130, 330-332
Rent-interest relation, 13, 14, 121, 192-221
Rent measurement, 77
Rent theory, 2-3, 8, 13, 21-22, 79, 187-188, 318-373
Revenues, 165
Ricardian capital theory, 145, 146, 159, 160
Ricardian rent theory, 21, 82, 126, 192, 195, 198-199, 202, 360-361, 368-370
Ricardian tradition, 122-123
Ricardo, David, 80, 122, 210, 268
interest theory, 290
land concept, 357, 358
Principles of Political Economy, 145
Risk, Uncertainty, and Profit (Knight), 16
Rodbertus, Carl, 62, 124
Roscher, W., 53
Roundabout process, 39, 62, 88-91, 147, 257
capital increase and, 177-180
in interest theory, 7, 10, 12, 89, 172-191, 223
productivity and, 7, 173-177
valuation and, 184-185
“‘Roundabout Process’ in the Interest Theory” (Fetter), 9-11, 172-191
Satisfactions, 53-55
Savings concept, 8, 40-41, 114-118, 164
Scarcity factor, 81-82
Seager, Henry R., 15
capital theory, 130, 245, 246
interest theory, 226-229, 236, 237, 239-245, 247
Seligman, E.R.A, 137
Senior, Nassau, 260, 266-267, 274
Services, 48, 54, 95, 98, 100-102, 136
Single tax doctrine, 79, 123, 126-128
Situation rent, 329
Slavery, 2, 17
Smith, Adam, 122, 267, 268
capital theory, 34, 35, 144, 158
income theory, 194
rent theory, 367-368
Wealth of Nations, 144
Social (productive) capital, 35, 36, 39-40, 47, 49-57, 69, 131, 132, 139, 203
Social classes, rent-interest relation and, 194, 199-201
Socialistic exploitation theory of interest, 87-88
Stock concept, 96-97, 143-146, 158
Stock/flow dichotomy, 7, 9, 46, 94-100, 108-111, 134-136
Subjective income, 101-102, 105
Subjective value theory, 159
Subsistence concept, 146, 147
Subsistence fund, 29
Sumner, W. G., 123, 126
Supply-utility relation, 76
Synchronous production, 6
Taussig, Frank W., 365
capital theory, 8-9, 129
Wages and Capital, 5, 26-32
Taxation, 104-105, 114, 204
Taylor, Fred M., 137, 214-216, 365
Technology, 187-188, 239, 247
Theory of Political Economy (Jevons), 146
“Third ground,” 10-12
Thornton, H., interest theory, 290
Thrift, 17
Time factor, 269-271, 273, 330-332, 351
Time market, 18
Time preference, 3-18, 164, 237-239, 250, 251, 256, 259, 273, 278
Time-price markets, 287-289
Time-valuation theory, 87, 234, 235, 273-289
barter and, 278-279
in monetary price regime without
loans, 279-280
time-shifts of goods and, 280-282
Torrens, R., 368
Total income, 29
Total wages, 26-27
Toynbee, A., 275
Trading companies, 156-157
True (pure) capital, 38, 44-45, 160
True realized income, 105
Tucker, W. J., 122
Turgot, 17, 34, 264-266
Turner, J. R., 137, 275
Unearned increment, 40, 114
Use-bearer, 51-52
Use theory, 263
Usury, 154, 260
Utility principle, 75
Utility-supply relation, 76
Utility value theory, 75, 76, 78
Value analysis, 215
Value (valuation) concept, 99, 115-117, 121, 124, 127-130, 132, 134, 136-138, 156, 159-161, 164, 176
roundaboutness and, 184-185
Value measurement, 47-48
Value-productivity theory, 15, 106, 107, 239-245
Value return, 106, 107
Value summation, 99
Value theory, 53, 55, 75-76, 81, 90, 91, 93, 159, 160, 201, 209, 233, 257, 258, 268, 270; see also Time-valuation theory
Veblen, Thorstein, 124, 133-134, 275, 283
Vethake, H., 122
Wage fund, 5, 26-32, 98
Wage rates, 5
Wage theory, 5, 26-32
Wages and Capital (Taussig), 5, 26-32
Wagner, Adolf, 124
Walker, Amasa, 122, 123
Walker, Francis A., 85, 123, 126, 274
Land and Its Rent, 126
Walras, Léon, 35
Wants, 76, 208
Wartime, 20-21, 308-311
Wayland, F., 122
Wealth, 95, 96, 100-101, 131, 134, 135, 139, 155
Wealth-capital relation, 46, 48, 160, 205-206, 207
Wealth classification, 201
Wealth concept, 67, 100, 133
Wealth income, 200
Wealth of Nations (Smith), 144
Wealth/property distinction, 100
Wealth/services distinction, 95
Webb, Sydney, 122
Weber, Adolph, 359
West, Sir Edward, 368
Wicksell, Knut, 20, 305-308
Wieser, F. von, 223, 260, 272
Wilson, M„ 122
Wolfe, A. B., 360, 363, 365
World War I, 309
Yale economists, 133-136
