Page:David Atkins - The Economics of Freedom (1924).pdf/377

Rh Landlord : 5-6 advantageous duties of.... 140-1 City and country.. Land -ownership, individual: ..213, 318 a basis for franchise. .27, 31, 33, 56 Importance of ..... Vitiated function of ......... 29, 34-5 Land- value: as an economic factor.... ..23, 42, 62-3 54 Measurement of. 283 Seligman on .... 201 Uncertainty of .. Loot and logic ... .71, 80, 179-80, 182-3 Lost work : 161, 164 Trautwine on. 164 Malthus : on population ... 67 331 Manufacturer, motives of the .. .114, 208, 284n Mandate, C...... 172-3 Marginal utility .. Marshall, Professor Alfred, cited .. 46, 136, 140 Marx, Karl, cited : on labor , ..44, 46, 64 on value 172 McFadden Bill ... 117 Macdonell, Sir John, on natural resources. 62 McGlynn, Edward , on natural 62 bounties. Measure of value : Cf. Unit of value, and Money ; An international... .112, 196 Construction of a. .x, 96-7,137-8 , 144-7, 165, 167, 292 Commodities as a, (See Value) ; Definition of ... 174 Effort as a, ( See Effort ) ; Labor as a (See Labor ) ; .vii, xx Necessity of 220n Petty on. Measurement : . 146, 167, 214 , 221 , 225-6, 255-63 See of Effort, Flow, Freedom, and Value ; an economic instrument of .... 56 of dynamic value .....55, 158-9,219-20, 292-3 54 of land value .. .145, 222 of quality ... Medium of Exchange : See Gold ; 196 an international .. 96 Meeker, Dr. Royal, cited. 123n Mellon, Secretary, cited. Metre, the ....... 40 133n Meyer, Eugene, Jr. Michael, Louis C. , on agricul. ture. 239.41 Mill, John Stuart, cited. .38, 43, 79, 168n Miles, H. E., on protective tariffs. 325n 11 Minimum wage ..... Money, or Currency : Cf. Measure of value, and Unit of value ; See Taxation and and 14 and bullion , 170 and credit. .134, 225 , 311 and democracy. ... 86, 108, 116, 120, and discretion , 153-6, 306 ..26, 86, 109-112, and freedom. 155, 187-8, 206
 * Value

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192 and the demagogue :. 309 as mobilized value .... 41 Barrier to criticism of. 23, Construction of a scientific... 100-2, 289 167 Definition of ..... Effect of a scientific ..128-9, 174.5, 230 ..309.10 y of. Elasticit of volume Essentials of ...... 86-102, 13718, 188-9 Failure of ..... 13, 86, 88, 172, 206-7 Gideon. .94-5, 100 Gladstone on. 171n Gresham on. ..95, 169 .198, 222 Impairment of. 311 Plethora and scarcity of. , 188 93, 169-70 of ...... nature Present .304-311 Volume of .. 8-9 Monopoly. Moulton, Professor H. G...... 187n, 251 National Bureau of Economic Re search, Inc : cited. 130n, 163, 224, 280, 282, 283, 294, 295, 296, 297 239 on the farmer. 164 on taxation. National City Bank : on bullion .. 117 on gold. ..267, 268n 320n on saving .. on the Federal Reserve System. 120n, 156 120n on the gold standard ... National income : Calculation of. 291-303 National Wealth : 280-3, 284-6 Calculations of .... Definition of .... 256 Natural bounty, product, forces, re 51, 62 sources and wealth ... Nature : Böhm-Bawerk on .. 45-6 45 Ely on ....... 72 Fisher on ..... Gideon ..... : 49, 63 as an economic factor .....69, 201, 226 Occupancy-value : 103.4 Definition of ... 148 Necessity of measuring .. 61 Scientific significance of .. 63, 107, 135 , 145 328 Ohm's law .. 150 Ohms : economic. 173 significance of. 135.41 Order : 3 See Effort and 30 a community interest. ..xviii, 76, 135-136 and autocracy. .76, 135-6 and democracy. 195 and equilibrium. 135, 138, 152 and freedom. and taxation. ... xvii, 60n and value. . .xxi, 20, 135-8, 143, 195 , 215 135 Definition of 136-7 Economists ' neglect of. 3 222Supply and demand of. 201 Organization : .46, 136, 140 Marshall cited on. 245 Overcrowding of cities. Overproduction, Significance of. 127-8, 330

Panics. .... 126-7, 187, 303, 306, 314-5, 330