abstinence theory

American  

noun

Economics.

1. the theory that interest is payment for conserving current income.

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Example Sentences

If the abstinence theory is foolish, even more foolish is the notion that profits are the reward of managing ability, the wages of superintendence.

From Project Gutenberg

If it is to increase without the labor of its owner, it can only be through the exploitation of the labor of others, so that the abstinence theory in no manner controverts the Marxian position.

From Project Gutenberg

But a few years later, at the period of his life to which we have now arrived, the total abstinence theory began to command the public attention.

From Project Gutenberg

"Then you do not hold to the entire abstinence theory?"

From Project Gutenberg