the Theory of Interest1967 |
Contents
MEASURING AT THE DOMESTIC THRESHOLD | 1 |
MONEY INCOME | 10 |
CAPITAL VALUE | 12 |
Copyright | |
124 other sections not shown
Common terms and phrases
assumed bond borrowing and lending buying Capital and Income capital value 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 foresight forestry future income hard-tack impa Impatience Principle income position increase individual influence interest rates investment opportunity John Rae labor land lenders loan market Market line market rate ment merely Money Illusion money income Nature of Capital negative Opportunity line optional income streams P₁ payment period person preference for present present income present over future problem productivity rate of impatience rate of interest rate of preference rate of return real income rent represented return over cost risk savings second approximation shape slope supply and demand tend terest theoretically theory of interest tion true valuation wages Willingness lines year's income yield zero