Value and Income

Preface (v)......Page 5
Contents (vii)......Page 7
Interest and Preferences (3)......Page 10
Cost and Choice (8)......Page 15
2. Market Pricing (15)......Page 22
Demand Schedules (16)......Page 23
Partial Monopoly (24)......Page 31
Multiple Market Price (29)......Page 36
The Market for Unfinished Goods (34)......Page 41
3. Labor and Normal Value (35)......Page 42
The Causes of Scarcity (36)......Page 43
The Value of Scarcity Products (37)......Page 44
The Objective Factors in Cost (43)......Page 50
Unfinished Goods (54)......Page 61
Cost of Production and Value (57)......Page 64
The Nature of Normal Value (61)......Page 68
The Uses of Land (65)......Page 72
Producing One Commodity (67)......Page 74
Producing Several Commodities (73)......Page 80
The Problem of the Margin (81)......Page 88
Market Pricing (84)......Page 91
The Differential Factors (90)......Page 97
The Rate of Exploitation (91)......Page 98
Intensive Exploitation (97)......Page 104
Mining Royalties (99)......Page 106
The Sources of Interest (103)......Page 110
The Yield Schedules for Savings (112)......Page 119
The Rate of Interest (124)......Page 131
Interest and Value (127)......Page 134
9. Labor's Share: The Rent Deduction (132)......Page 139
The Communistic and Individualistic Systems (133)......Page 140
The Contractual System (137)......Page 144
The Concentration of Ownership (144)......Page 151
The Interest Deduction (154)......Page 161
11. The Supply of Labor (158)......Page 165
The "Encouragement of Industry" (159)......Page 166
The Desirability of Income (165)......Page 172
The Costs of Labor (170)......Page 177
The Lesson of Experience (175)......Page 182
The Number of Idle (180)......Page 187
The Growth of Population (181)......Page 188
The Supply of Land (188)......Page 195
The Supply of Savings (194)......Page 201
The Distribution of Labor (201)......Page 208
The Distribution of Land (211)......Page 218
The Distribution of Savings (212)......Page 219
Risk and Risk-bearing (214)......Page 221
The Management of Labor (222)......Page 229
The Management of Investments (231)......Page 238
The Supply of Management (232)......Page 239
Risk-bearing (235)......Page 242
The Nature of Profits (238)......Page 245
The Burden of Uncertainty (242)......Page 249
Types of Enterprise (250)......Page 257
Charges for Labor and Uncertainty-bearing (252)......Page 259
The Supply of Enterprisers (255)......Page 262
Entrepreneur Expenses (257)......Page 264
18. Value: A Recapitulation (260)......Page 267
Index (277)......Page 283