Index 



291 



Jarrett, Henry, vi 



John Day Dam, 137n 



Jordan Dam, 174, 176. 178, 180n 



Jureen, Lars, 21n 



Kapp, K. "William, 44n, 60n 



Kelly Creek project, propose(J, 177, 178, 



180, 185, 186, 187 

 Kentucky Dam, 65, 66 

 Kern County, California, 56 

 Keswick site, 61 



Koppers Chemical Company, 249n, 253 

 Kraenzel, C. F., 59n 

 Krutilla, John V., vi, 168, 221 n 

 Kuh, E., 113n 



labor market: significance of changes 

 in, 252; wage rate and work alloca- 

 tion in, 24-25 



Langbein, Walter B., 54n, 55n, 57rj 



Lay Dam, 174, 176, 177, 178, 180n 



Lee, C. H., 118n 



Leesburg Reservoir, proposed, 173, 177, 

 178, 182n, 185 



Leibenstein, Harvey, 43n, 45n 



Leopold, Luna B., 55n 



Libby Dam, 139, 157n 



life insurance companies, 82 



linear demand function, 74, 155n 



Lintner. J., Ill, 112, 112rj, 113n, 114 



liquidity, 113n, 114 



Little Goose Dam, 137n 



Little Tennessee River, 165 



load factor, 59 



loanable funds, effect of increase in, 

 114-15 



loans {see also bank loans; consumer 

 credit; installment credit; interest 

 rates): administration and collection 

 costs, 83; government, 119; personal, 

 95 



local government development (see 

 also nonfederal public development): 

 as alternate plan in Hells Canyon 

 case, 160-61; and difficulties of large- 

 scale projects, 272; distribution of 

 gains under, in Willamette case, 257- 

 62, 263-64; inadequacies of, 8; proj- 

 ect output, distribution under, 239 



local governments, revenue bonds of, 

 209-10 



Lower Granite Dam, 137n 



Lower Monumental Dam, 137n 



Lower Snake River, 146 



low-income families: and debt-free 

 households, 96; effect of tax reduc- 

 tions on, 92-97, Table, 93 



McHugh, Loughlin F., 115n 



McKean, Roland, 72ri, 74n 



McKenzie River, 202 



McNary Dam, 137n 



Maddock, Thomas, Jr., 55n 



management, co-ordination of, 68, 157, 

 165, 268, 270 



marginal borrowing-saving decisions, 

 94 



marginal changes of income, 88 



marginal costs: equal to marginal reve- 

 nue, 46; equal to product prices, 31- 

 32, 41, 44, 46, 71; of production of 

 railroad services, 255n; reflecting 

 foregone opportunities, 32 



marginal inconv^, value of, 88 



marginal input, 28, 31 



marginal investments (see also invest- 

 ment, private): rate of return on, 

 122 



marginal productivity (see also private 

 and social product), 27-28; diminish- 

 ing, 27-30, 31, Fig., 29; social, and 

 benefit-cost analysis, 71-73 



marginal rate of substitution, 19, 21- 

 22,27, 31,32,41 



marginal taxation. See under taxation 



marginal utility of money, 76-77 



market. See capital market; labor 

 market; market imperfections; mar- 

 ket mechanism; product market 



market imperfections: adjustment for, 

 73; institutional, 73rj, risk as source 

 of, 122 



market mechanism (see also extra- 

 market incentives; interdependence; 

 labor market; perfect competition; 

 product market? utility theory), 52- 

 77; the capital market, 32-40; and 

 efficiency criteria, under perfect 

 competition, 17-41; enterprises, mar- 

 ket adjustments by, 25-32, Fig., 30; 

 limitations of, in multiple purpose 

 development, 69-70, 266; and market 

 imperfections, 73, 73rj, 122; methods 

 of complementing, 267; power mar- 

 kets, 61-62; and provision for the 



