abstinence theory

American  

noun

Economics.

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

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Example Sentences

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 The Bobbin Boy or, How Nat Got His learning by Thayer, William M. (William Makepeace)

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

From Danger Or, Wounded in the House of a Friend by Arthur, T. S. (Timothy Shay)

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 The Common Sense of Socialism A Series of Letters Addressed to Jonathan Edwards, of Pittsburg by Spargo, John