The Theory of Interest as Determined by Impatience to Spend Income and Opportunity to Invest itRevision of the author's The rate of interest, published in 1907. Errata slip inserted between p. XII and XIII. Bibliography: p. 543-550. |
Contents
1 SUBJECTIVE OR ENJOYMENT INCOME | 3 |
THE CONCEPT OF RATE OF RETURN OVER COST 4 THE PRINCIPLE OF RETURN OVER COST | 4 |
OBJECTIVE OR REAL INCOME OUR LIVING | 5 |
Copyright | |
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assumed Böhm-Bawerk bonds borrowing and lending buying Capital and Income capital value capitalist cent Chapter Chart choice cost of living curve decrease degree of impatience depends determined dollar economic economic equilibrium effect enjoyment income equal equations exchange expected expressed fact farming forestry future income hard-tack impa Impatience Principle income position increase individual influence interest rates investment opportunity John Rae labor land lenders loan market marginal rate Market line market rate ment merely Money Illusion money income Nature of Capital negative Opportunity line optional income streams P₁ payment period person possible present income present over future price changes problem production rate of impatience rate of interest rate of preference rate of return real income represented return over cost risk second approximation selling shape slope standard supply and demand tend terest theoretically theory of interest tion true valuation Willingness line year's income yield zero