CONTENTS 



CHAPTER I 



VALUES 

 ARTICLE PAGE 



1. Wealth and Property i 



2. The Standard of Value i 



3. Prices 2 



4. Values 2 



5. Demand 2 



6. Effort or Outlay 3 



7. Ownership 3 



8. Prices of Finished Products 4 



9. Prices of Raw Materials and Natural Resources 5 



10. Future Costs 5 



11. The Element of Time in Values 6 



12. Capital 6 



13. The Capitalist ; 7 



14. Interest 7 



15. Discount 8 



16. Compound Interest and Discount 8 



17. Sale Value ^ 9 



18. Appraised Value 10 



CHAPTER II 

 OUTLAY AND INCOME 



19. Proprietary Accounts versus Specific or Valuation Accounts n 



20. Capital Accounts n 



21. Outlay and Income Accounts 12 



22. Investments versus Expenses 13 



23. The Relation in Time between Outlay and Income 14 



24. The Total Investment 14 



25. Cost Accounts 16 



26. Income 16 



27. The Economic Opportunity 16 



28. The Business Venture 17 



29. Exchange 17 



30. Disposition of Income 17 



31. Returns on Capital 18 



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