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Fetter, F. A.: definition of de- mand, 532, n.; interest theory, 208, n., 212; roundaboutness, 207; income, 559, n.; profits re- lated to cost, 98, n., 104, n.; ex- pense cost and opportunity cost, 383, n.; utility and marginal util- ity, 315, n.; laws of return, 497, n; 5ee Capital, ''i^y .^^ i^.'/i- FiSHER, Irving: on income, 559, n.; savings vs. income, 554; interest theory, 242, n. See Capital. FiTE, Warner: on Hedonism, 308, n. INDEX 579 Flux, A. W. : definition of demand, 532, n.; profits related to cost, 99, n.; 106, n. ; expense cost and opportunity cost, 383, n.; laws of return, 496, n. Funding of productive factors, 263. Forced Gains, 422, 426; Hobson on, 405, n. G Galiani, F., 107, 231, n., 233. GiDE, Charles: on laws of return, 496, n. GiFFEN, Robert: determination of value, 548, n. GONNER, E. C. K., 30. Green, D. I., 93. H Hadley, a. T.: definition of de- mand, 532, n.; profits related to cost, 89. Hedonism, 48, n., 303-10. Hobson, J. A.: chap, xxi; forced gains, 405, n.; rent and cost, 414- 35; displaced rent and cost, 290; controversy with Carver, 476, n.; savings, 529, n.; utility and value, 325, n- Hollander, J.: rent and cost, 290; intensive margin, 266. Hyde, A. M. : rent and cost, 290. Hyndman, H. M. : labor measure of value, 177, n. I Increasing Return. See Returns. Income: vs. capital, 554. Interest: chaps, xiv, xv; defined, 188; problem stated, 190-93; pro- ductivity theory, chap, xiv; as cost; see cost of production; risk, 95; roundaboutness, 207; Boehm- Bawerk on, 194; Fisher, 242, n.; Ricardo's difficulty, 36-41; Veb- len as to relation to credit, 255, n. Jevons, W. S.: relation to eco- nomic doctrine, 334, n.; on utility, 316, n.; definition of wealth, 314, n.; displaced rent and cost, 290; subsistence goods as capital, 209. Johnson, A. S.: displaced rent as cost, 290. T£^***S0N, J. F. : on loan capital, Labor : as cost : see Cost of Produc- tion; as fund, 263, 459; produc- tive and unproductive: see Pro- ductivity; as cost denominator, 15, 25, 1x8; as cost determinant, 15; as standard of deferred payments, 1 5 ; real value of, 11; as real price, 8, 11; value proportioned to — Ricardo, chap, iii, Cairnes, chap, vi. See Factors of Production. Lamarck, J. B. P. A., 308, n. Land: as capital: see Capital; as funded, 263, 414, 419, 422; up- keep, 435; incidence of tax on, 248, n. See Factors of Produc- tion; Rent. Laughlin, J. L. : measurement of value, 181, n. Laws of Return. See Returns. Loan Fund: Ricardo on, 160. See Capital. Luxury, 529, n. M Macfarlane, C. W. : utility and de- mand curves, 536, n.; forced gains 405, n.; Walker's definition of profit, 400; rent of labor, 400, n.; labor as fund, 263, n.; interest, 206, n. Mackenzie, J. : on Hedonism, 307, n. McCulloch, J. R.: interest as cost, 37> 40- Malthus, T. R.: laws of return, chap, xxiii; doctrine of cost, 283; on general glut, 218, n., 231, n.; labor as cost measure and deter- minant, 118, n.; rent and cost, 55, n., 56, n.; cost doctrine criticized by Senior, 48, n. Margins: extensive and intensive: see Cost of Production; personal or instrumental, 424, chap, xvi; " in price fixation, 405; nature of land margin, 286; cause or result, 275; various kinds, 87, n., 278, n. 58o VALUE AND DISTRIBUTION Marginal Utility: chap. x\1i; as value determinant, chap. xxii. Marshall, Alfred: chap, xx; measurement of utility by price, 372; on Jevons, 337, n.; displaced rent as cost, 290; margins and cost, 273; long-time reckoning, 480; criticized by Hobson, 409. Marx, Karl: on money, 238; labor measureof value, 177, n.; labor as fund, 263. Menger, Anton: relation to eco- nomic doctrine, 334; definition of subjective value, 327; principle of imputation, 360; capitalization, 208, n. Mercantilists: value doctrine, 107; notion of productivity; see Pro- ductivity. Mill, James: interest as cost, 37, 39-41; general glut — controversy, with Malthus, 118, n., 231, n. See Capital, fixed and circulating. Mill, John Stuart: chap, v; cost, chap, xvi; marginal cost and relative cost, 262; profit related to cost, 90; displaced rent as cost, 290. See Capital; Productivity. Money: its place in value theory, 217-20; function in deferred pay- ments, 217-20. See Price. Monopoly: cost in, 565, n. N Non-competitive Groups, 71-80. O Opportunity Cost. See Cost of Production. Ostentation: in industrial depres- sions, 529, n. See Luxury. Outlay Cost. See Cost of Produc- tion; Entrepreneur Cost. Overproduction, 227, n.; possi- bility of, 231, n.; in industrial de- pressions, 231, n. P Pain Cost. See Cost of Production. Panics: depression following, 231, n. Pantaleoni, Maffeo: relation to economic doctrine, 338, n.; defini- tion of demand, 532, n.; Hedon- ism, 310, n., 311 n., on Galiani, 233. n. Patten, Simon: recreation cost, 48, n.; displaced rent and cost, 290. Physiocrats: cost theory, 107. See Productivity. PiERSON, N. G.: on cost, 268, n. Pleasure. See Utility. Population: redistribution of, 486; and wages, 519. See Subsistence. Price: defined, 218; adjustment of, ^ chap, xxv; peculiarities in theory /\ of, 238, n.; normal, 279, n.; rent and price. See Rent. Production: what is, 555. See Factors of Production. Productivity: defined, 121-24; productive labor, 122, n.; produc- tive consumption, 122, n.; Mer- cantilist notion, 122, n.; Physio- cratic notion, 122, n.; funded, 460; distribution by, 285; interest ac- cording to, chap. xiv. See Fac- tors of Production. Profits: as cost; only part are cost, 65; necessary or minimum, 90; net or competitive, 102, n.; rela- tion to cost, 89-91; Hadley's view, 89; J. S. Mill's, 58, 90; Walker's, 91; risk profit, 96-98. See Cost of Production. Promotion: profits of, 557, n. Q Quantity Theory, 241, n. Quasi-Rents: and costs, 395-98, 401, n. QUESNAY, Franjois: laws of re- turn, 492. R Rent: various concepts, 370, 419, n.; causes of — Malthus, Ricardo, Senior, 283, 284; on labor, 399; affected by improved technique, 523, n.; incidence of tax on, 248, n.; as cost: see Cost of Produc- tion. Representative Firm, 374, n. Return, Laws of, chap, xxiii. Ricardo, David: chap, iii; pain cost, 3; controversy with Say on cost, 109-13; riches vs. value, 3; INDEX 581 cause of rent, 283. See Rent; Cost of Production; Capital, fixed, circulating, and Loan Fund. Robertson, J . M. : on saving, 5 29, n. ROUNDABOUTNESS. See Interest. RUSKIN, John: on saving, 529, n.; definition of demand, 532, n. Savings: as loan fund, chap, xiii; "fallacy of," 529, n.; market for, in prosperity and in depression, 231, n.; how far desirable, 221-25; upkeep, 435, n. See Capital; In- terest; Abstinence. Say, J. B.: chap, ix; on capitaliza- tion, 208, n.; controversy vi^ith Ricardo on cost, 109-13; loi de debouchees, 238, n. Seager, H. R. : expenses and oppor- tunity cost, 383, n.; profit related to cost, 99, n., 104, n.; on Hedon- ism, 309, n.; definition of demand, 532, n.; laws of return, 495, n. Seligman, E. R. a.: social-organ- ism doctrine, 443, n.; expenses and opportunity cost, 383, n.; profit related to cost, 100, n., 103, n.; displaced rent and cost, 292, n.; on Hedonism, 309, n.; utility and marginal utility confused, 315, n.; laws of return, 496, n. Senior, W. N. : chap, iv; definition of wealth, 314, n.; abstinence as pain cost, 45; opportunity cost, 48; causes of rent, 284, n.; utility, 317, n. See Capital; Factors of Production. Sewall, H. R., 107. Sedgwick, H., 225, n. Single Tax, 248, n. Skill: related to cost, 75. Smith, Adam: chap, ii; various cost doctrines, 2; capital concept, 148; rent and cost, 27. See Capital. Social Dividend: defined, 121, chap. xxvi. Social Organism: chap, xxii, 441, n., 458. Standard of Deferred Payments : chap, xiii; labor, utility, or value, 15-18, chap. xiii. Standard of Living, 518, 529, n. Subjective Exchange Value, 330. Subjective Value: chap. xvii. Subjective Worth, 347; a cost concept, 354. ^ee Subjective Value. Subsistence: relation to wages, 435, n.; goods as capital, 208-10. Supply: defined, 532, n.; curves of , chap. XXV. Taxation: incidence of, on land and rent, 248, n. Thackeray, W. M., 300, n. Transferability, 314, n. Transportation: an agricultural process, 486; effect of improve- ments on rent, 523, n.; chap. xxiv. Turcot, A. R. J., 107. TUTTLE, C. A.: capital concept, 154. n. U Underconsumption. See Overpro- duction. Upkeep: of land and of labor, 435. See Interest. Utility: displaced as cost; ^ee Cost of Production, Opportunity Cost; curves of, chap, xxv; intrinsic or extrinsic, 317, n.; absolute and relative, 3 1 7, n. ; relative marginal, 299; comparability, 300, 302-14; vs. cost, 339-51. See Marginal UtiHty; Subjective Value; Cost of Production. V Value: real and exchange, 31, 34; )( vs. riches, 33; can it be measured ? ^ 177, 178, 181, n.; views of social- ists, 177, n.; Marx's, 177, n., 181, n.; Laughhn's, 181, n.; Carver's, 181, n.; Walsh's, 188, n.; natural value, 358. See Subjective Value; Price.^ Veblen, T. B.: profits and time, 97, n.; credit related to price, interest, and profit, 255, n.; profits of pro- motion, 567, n.; saving, 529, n. S82 VALUE AND DISTRIBUTION W Whittaker, a. C. : on Adam Smitl Wages: subsistence minimum, 435, 23, 25, n.; Malthus, 56, n.; R n. See Labor; Cost of Produc- cardo, 34, n.; Mill, 59, n.; Semo tion; Subsistence. 5 2, n. Walker, Francis: profit related to Wieser, Friedrich, v.: chap cost, 01; marginal cost, 265; rent xvn, xix; mterest, 199, 200; cap of labor, 400. talization, 208, n.; prmciple ( T 1 .• X imputation, ^60-62; demand fc W.ALRAS, Leon: relation to eco- prc^ductive goods, 512. nomic doctrine, 334, n. ,^ ' , ,- , TIT r- TVT \ A A zA( 1 Work: defined, 556. Walsh, C. M. : standard of deferred -^-^ payments, 188, n. Z Wealth: defined, 314, n. Zones of Indifference, 472. Weissmann, a., 308, n. Zuckerkandl, R., 339, 341- UNIVERSITY OF CALIFORNIA AT LOS ANGELES THE UNIVERSITY LIBRARY This book is DUE on the last date stamped below FEB 5 ly^fc VEB ^4\9W t£c 2 1 mi \ ! JUL 2 3 1937 •^fiV ^ '^ my 2 8W6 JJIN 30 1947. MAY 2 51950. APR? rttCD^ ^W£ MARe FEB 2 193l/^ JAN <? Form L-9-15m-3,'34 Jmg3 im 1359/XX •otiNi^" 'y}: 3 1158 01213 2204 UC SOUTHERN REGIONAL LIBRARY FACILITY AA 001 168 482 6. 