THE CAPITALIZATION THEORY AND THE VALUE OF MONEY
Money as "capital good," and "money-rates" as rentals 72-73
Capitalization theory; formula; capital value passive
resultant of annual income and rate of discount 73-74
But in case of money, rental and rate of discount not
independent variables 74-76
And in case of money, capital value not passive shadow,
but active cause of income 76
Capitalization theory assumes money, and fixed value of
money 76-77
Assumed fixed value of money absolute, and not relative 77-78
Capitalization theory, in current formulation, inapplicable
to value of money 78-79