Index 



285 



farm prices, deterioration of, and aver- 

 age rate of return, 106 

 federal development of river basins 

 {see also federal funds; invest- 

 ment, public; and under Alabama- 

 Coosa river system; Hells Canyon; 

 Willamette River project): 

 Allatoona project, 175, 180, ISOn, 



195-96; 

 congressional stalemate with regard 



to, 160, 162; 

 consistency of, with development ob- 

 jectives in the Northwest, 276; 

 Coosa River, suspension of author- 

 ization for development of, 175, 

 181, 184, 196; 

 distribution of costs under, 211-13, 

 216-17, 224, 232, 275, Tables, 226, 

 232; 

 distribution of gains under, 235-57; 

 federal agency: 



bargaining position of, 243; 

 wholesaling activities of, 235-39; 

 federally controlled energy, distribu- 

 tion to final- and derived-demand 

 uses, 238; 

 financing of, through federal taxa- 

 tion, 84, 189; 

 income redistributive consequences 



under, summary of, 263; 

 objectives of, in the Northwest, 275; 

 rate of return to, 209, 211-12; 

 tax shifting under, 216-17, 224; 

 withdrawal of support for, 160 

 federal funds {see also public funds, 

 social cost of): allocation of, 142n; 

 justification of expenditure of, for 

 the West, 256; tax-raised, 14, 76, 77, 

 78-79, 84, 125, 134, 142, 147, 189, 

 215; use of, in water resource field, 

 72-73, 72n-73n 

 Federal Housing Administration, 94 

 Federal Interagency River Basin Com- 

 mittee, 91n 

 Federal Power Commission, vi, 134, 

 134n, 136, 137, 137n, 143, 143n, 149, 

 154, 166, 185, 193, 194, 195, 199, 268; 

 valuation of private development by, 

 162-63 

 Federal Water Power Act: amendment 

 of, possible, 270; efficiency goal of, 135, 

 170; provisions, on compensation for 

 headwater benefits, 153n; provisions. 



Federal Water Power Act, cont. 

 on development of river sites, 134- 

 35, 134n, 164; cited: 134n. 135, 160, 

 161, 162, 193, 197 



final demand, 257, 258 



final goods, 25 



financial intermediaries, and flow of 

 capital, 82 



fish, migratory, 144n, 151n, 167, 267 



Fisher, Franklin M., 77n 



Flathead River, 64 



flood control {see also reservoirs; stor- 

 age), 66, 78n, 150, 163, 169, 171, 181, 

 202; Alabama Power Company's pro- 

 visions for, 177-78, 182-83; for Co- 

 lumbia River, 139; for Coosa River, 

 173; costs of, compensation for, 192- 

 96, 271; economic value of, 73-74; 

 interdependence and indivisibility 

 in, 53, 54-56; levees, 54; risks in 

 financing, 124; storage for, required 

 by Public Law, 436, 184-87, 192; by 

 TVA, 55 



Flood Control Act of 1936, 89n 



Flood Control Act of 1941, 175 



Fontana Agreement, 165 



Fontana Dam, 66 



forced saving, 84-85 



Fort William Shoals site, 173, 177, 178, 

 182n 



Fox, Irving, vi, 256n 



Frane, L., 99n, llOn, 228n, 240n 



Friedman, M., 123n 



full employment, 49-51; and stability 

 of prices, 90, 119-20; underemploy- 

 ment under conditions of, 72n 



Full Employment Act of 1946, 72n 



Gadsden, Alabama, 176, 191n 

 gains {see also benefit-cost analysis 

 and under Alabama-Coosa river sys- 

 tem; Hells Canyon; and Willamette 

 River project): distribution of, 14, 

 234-64; incremental, 73, 76, 146-47, 

 151, 152rz, 187, 188, 190, 190n-191n; 

 marginal valuation of, 41; nonmarket- 

 able, 70; private, 72 {see also private 

 cost-gain calculus), real, 206; social, 

 53, 154, 197; uncompensated, 43-44, 

 60, 76-77, 141, 141n, 153, 153n, 266 

 General Dam Act, 134n 

 Georgia Power Company, 175 

 Glacier National Park, 139 



