Page:David Atkins - The Economics of Freedom (1924).pdf/371




 * Since the whole of the foregoing is little more than an examination of the phenomena of flow, or adequately-coupled supply and demand, as expressed by Ohm’s law, and since Ohm’s law is clearly a drawing to focus, in terms of electric energy, of the entire philosophy and science of dynamic value, it follows that an index is almost superfluous; for all roads lead back to the same generally-accepted scientific resting-place, namely, that value is directly proportional to prime impulse and inversely proportional to resistance, and that this value can only be measured in terms of the time and area in which the impulse and resistance are in conflict. However, for the convenience of the critic and the student, an index is put forward.

With the object of avoiding excessive duplication, while references to the measurable factors of economic value—Population, Land-area, and Time—are indexed in full, the following subjects are referred to in diminishing detail in the order named: the cause of value (Effort); the condition of value (Self-imposed order); the cost of such order (Taxation); the consequence of human effort defined by a measurable area and duration of self-imposed order (Freedom, or Economic value); and the measure of value (Money). Otherwise, wherever possible, reference is made to the above-named major divisions of the argument.