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Theories of the Labor Movement, as Set Forth in Recent Literature

Quarterly Journal of Economics 1928 43(1), 154
Journal Article Theories of the Labor Movement, as Set Forth in Recent Literature Get access Lyle W. Cooper Lyle W. Cooper Marquette University, Milwaukee Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 43, Issue 1, November 1928, Pages 154–170, https://doi.org/10.2307/1883945 Published: 01 November 1928

Equilibrium in International Trade: The United States, 1919-26

Quarterly Journal of Economics 1928 42(3), 388
I. The American balance of payments, 1919–26, 388. — Wide but strikingly parallel fluctuations of net capital and commodity movements, 390. — The domestic situation, 393. — II. General analysis of the maintenance of equilibrium in international payments, 395. — The effects of importation, 399. — The correction of excesses is not equally rapid in all cases, nor does the "causal sequence" always proceed along the same lines, 407. — III. The effects of exportation, 412. — Imports and exports taken together, 416. — The correction of excesses; effects of the business cycle. If foreign trade is relatively unimportant, the correction of large excesses must wait on domestic cyclical movements, 422. — IV. Application of these conclusions to the United States, 423. — The period 1919–21, 424. — The period 1922–26, 429. — The changes in the net items of the American balance of payments have had little effect on internal conditions; and their origin has usually made them mutually offsetting, 432.

Recent Literature on the Automobile Industry

Quarterly Journal of Economics 1928 43(1), 142
Journal Article Recent Literature on the Automobile Industry Get access C. E. Griffin C. E. Griffin University of Michigan, School of Business Administration Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 43, Issue 1, November 1928, Pages 142–153, https://doi.org/10.2307/1883944 Published: 01 November 1928

The Currency System of the Irish Free State

Quarterly Journal of Economics 1928 42(2), 263
The Coinage Act, 1926 and the Currency Act, 1927 dissolve the currency union of Great Britain and the Irish Free State, 264. — The Free State pound, its new unit of value, made equal in weight and fineness to the pound sterling, 266. — A Currency Commission, created for the management of the currency, 267. — The circulating media are to be: (1) A token coinage preserving the British denominations, 264; (2) Consolidated bank-notes, with a maximum issue of (£6, 000, 000 for the present) 268; (3) Legal tender notes, to be issued by the Commission to purchasers who tender an equal nominal amount of British currency or London funds, 272. — The system is that of a gold exchange standard, with no alteration in control of banking and credit, 275.

Homan's Contemporary Economic Thought

Quarterly Journal of Economics 1928 43(1), 132
Journal Article Homan's Contemporary Economic Thought Get access Frank H. Knight Frank H. Knight The University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 43, Issue 1, November 1928, Pages 132–141, https://doi.org/10.2307/1883943 Published: 01 November 1928

The German Unemployment Insurance Act of 1927

Quarterly Journal of Economics 1928 42(2), 278
Ordinance of November, 1918, for relief of unemployment, 279. — Left in force in essentials till the passage of the Act of 1927, 280. — Development of employment service up to 1925, 281. — The new act; its administrative provisions, 283. — Federal Department established, 284. — Self-government in the lower organs, 286. — What persons are insured, 288. — What constitutes right to relief, 291. — Relief in case of industrial conflict? 293. — Duration of ordinary relief, 295. — Emergency relief, 297. — Amount of relief provided, 297. — Funds for ordinary relief raised in equal amounts from employers and employees; for emergency relief from public, 304. — Financial estimates, 305.

The Colwyn Committee and the Incidence of Income Tax

Quarterly Journal of Economics 1928 42(4), 641
I. Introductory: the Committee's work as a whole, 641. — II. Testimony of business men that a general income tax is added to prices, 643. — Refutation by economists, 645. — Statistical analysis by W. H. Coates of the Inland Revenue Department, 647. — III. Assumptions based on some special relation between cost of production and price, 651. — Absolute statement of marginal cost theory erroneous, 652. — Criticisms of Mr. Robertson examined, 657. — IV. Subsidiary arguments: (1) Relation to quantity theory of money; (2) At what rate does a progressive income tax become a part of costs? (3) Dilemma in relation to foreign trade, 662. — V. Distinction between incidence of an income tax and a commodity tax sustained, 666. — Indirect influences on price, 667.

Borrowed Reserves and Bank Expansion

Quarterly Journal of Economics 1928 42(4), 593
I. Traditional view — The challenge, 596. — II. The position of Phillips; his premises, 598. — III. Primary vs. derivative deposits, 600. — IV. Ratio of derivative deposits to loans, 306. — V. Checks presented which are drawn on same bank, 611. — 63.6 per cent of all checks pass through a clearing operation, not 99 per cent, 612. — VI. A new coefficient of credit expansion, 615. — Coefficient of initial expansion; of secondary expansion, 616. — Of tertiary expansion; coefficient of mediate compound expansion; of ultimate compound expansion, 618. — No analogy to precise physical laws, 621. — Relation to ability of central bank to control expansion, 621. — VII. Influence of cash withdrawals on ability to expand, 623. — Conclusion, 625.

The Sherman Act: Its Design and Its Effects

Quarterly Journal of Economics 1928 43(1), 1
Purpose of Sherman Act, — Diverse interests affected, 5. — I. Producer interests: indirectly protected by (a) raising standards of managerial responsibility, (b) affording various classes of producers the opportunity for prudential cooperation, 8. — Inadequacy of security afforded producers under Sherman Act, 14. — II. Interests of potential producers, 15; directly protected against (a) predatory methods of competition, 19, (b) trade boycotts, 20, (c) labor conspiracies to restrict sales and employer combinations to blacklist, 21. — Evidence of rigorous effectiveness of Sherman Act in safeguarding freedom of enterprise, 21. — III. Consumer interests: directly protected by penalization of concerted efforts to curtail supply or raise prices, (a) Trade agreements for these objects absolutely illegal, 24, but trade coöperation to control conditions of competition not hindered, 26. (b) Corporate mergers, originally held beyond the reach of the law, were later, so it appeared, absolutely condemned, 31. Present interpretation more liberal, 36. — Is there justification for a legal distinction between business mergers and associations? 38. — IV. Conclusion, that experience has vindicated the general policy of the Sherman Act, 39. — Contrast with British experience, 40. — Direction in which anti-trust laws need to be supplemented, 43.

Fourier and Anarchism

Quarterly Journal of Economics 1928 42(2), 228
I. Revolutionary groups in their attitude to science. Pretensions of anarchism to scientific method, 229. — II. Social sciences and modern anarchism draw from a common source, the conception of natural law, 231. — Ways in which this conception has been used, 235. — Reasons for the sharp divergence of anarchism from the point of view of students of the social sciences, 237. — III. Fourier's system is essentially anarchistic, 241. — The characteristics of his anarchism in its use of the idea of a natural order, 243.—The natural order of Fourier as an equilibrium of passional attractions, 250. — IV. Distinctiveness of Fourier's anarchism. His romanticism, 156. — His modernism, 260. — Criticism and summary, 261.