The Theory of Interest: As Determined by Impatience to Spend Income and Opportunity to Invest it |
Contents
Those interested in statistical analysis should read | 3 |
OBJECTIVE OR REAL INCOME OUR LIVING | 5 |
COST OF LIVING A MEASURE OF REAL INCOME | 6 |
Copyright | |
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assumed Böhm-Bawerk bonds borrowing and lending c₁ Capital and Income capital value cent Chapter Chart compared continuous equation curve decrease degree of impatience depends determined dollar economic economic equilibrium effect element enjoyment income equal exchange fact farming forestry future income hard-tack Impatience Principle income position income situation increase individual influence interest rates Investment Opportunity Principle John Rae labor land lenders less loan market marginal rate Market line Market Principle market rate ment Nature of Capital negative Opportunity line optional income streams P₁ period person possible preference for present present income present over future present worth 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 shape shift slope supply and demand tangent tend terest theoretically theory of interest tion true Willingness lines x₁ year's income yield zero