Knowledge that Transforms

Exchange and ultimate effects of foreign investment, 444. — Changes in productivity under simple conditions, 445. — Relation to ratios of productive efficiency, 447. — Changes in productivity under complex conditions, 448. — Distribution of gain from foreign investment, 454. — Significance of diversification, 458. — Linked competition, 461. — Summary of conclusions, 463.

Journal Article “Elasticity of Demand” from Budget Studies Get access Albert E. Waugh Albert E. Waugh Connecticut Agricultural College Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 47, Issue 1, November 1932, Pages 134–137, https://doi.org/10.2307/1885189 Published: 01 November 1932

Journal Article The End of the Coöperative Coopers Get access G. O. Virtue G. O. Virtue University of Nebraska Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 46, Issue 3, May 1932, Pages 541–545, https://doi.org/10.2307/1883399 Published: 01 May 1932

Introduction: doubts concerning stabilization of prices, 251. — Purchasing power reducible to labor, 254; with certain qualifications, 256. — The nature of monetary instability, 259. — Bad effects of it, 260. — True stability eliminates these, 263. — Basic labor standard superior to others in this respect, 265. — The debtor-creditor problem, 266. — No allowance for subjective side of labor, 267; or for changes in efficiency, 268. — The problem of detection, 269; of measurement, 274. — Practical considerations: production data alone an inadequate guide, 275; mild inflation easier to attain than stability, 277; corrective measures not always advisable, 279.

I. The aim of the Act, 63.— Two corporations set up, 63.— The fixing of the ascertained average price, 65.— The ascertained supply or quota, 66.— The standard price, 67.— Wheat certificates to be issued, 67.— Quota payments, 67.— Imported flour and quota payments, 68.— The Wheat Commission and the Wheat Fund, 68.— II. Criticism of details; growers will receive the subsidy in a circuitous manner, 69.— Regressive nature of the tax upon consumers, 69.— Compulsory purchase of wheat by Flour Millers* Corporation, 70.— Likely to be very favorable to growers, 71.— III. The Act examined as an expression of policy, 72.— Wheat no longer a pivotal crop in Britain, 72.— Wheat-growing and employment, 73.— Encouragement of wheat-growing likely to discourage specialization on other crops, 75.— State aid to British agriculture should be general, 76.— The State should look to the future, not to the past, 76.

The notion of a “velocity of circulation of goods” and the desirability of measuring it statistically, 1.— The problem is identical with that of obtaining a statistical measure of the ratio of the physical volume of sales of goods to the physical volume of goods intended for sale, 6. — The “physical volume of sales of goods” and its possible substitutes, 6. — The “physical volume of goods intended for sale,” and its various components, 21.— The possibility of using figures for “stocks” of commodities on hand as indicators of movements in the “velocity of circulation of goods,” 29.— The great differences of opinion which exist with respect to the extent and the nature of the variations in the “velocity of circulation of goods” make the statistical measurement of this velocity imperative, 33.

Introduction, 195. — I. The distinction between international and domestic commodities, 196; the criterion of physical movement, 198; of price behavior, 200; of market independence, 205. — II. The statistical procedure, 207; the selection of commodities, 207; of prices, 208; and of weights, 211. — III. The results, 215; the movements of the primary international and domestic indexes, 216; the difference in level of the New York and Chicago indexes, 218; comparison of the indexes with medians of the same commodities, 221; the analysis of sub-groups within the primary indexes, 223. — Conclusion, 225.

Journal Article Banking and Currency Legislation, 1932 Get access S. E. Harris S. E. Harris Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 46, Issue 3, May 1932, Pages 546–557, https://doi.org/10.2307/1883400 Published: 01 May 1932

Introduction, 36. — I. Controversy concerning the nature of statistical demand curves, 37; Distinction between "time" and "dynamics, " 39.— II. Different types of "demand" relationships, 42.— III. Statistical determination of demand curves, static conditions, 43; Simple dynamic conditions, 43; First and second order dynamics, 44; Trend-ratios, 45; Link relatives, 46; Different phenomena measured, 46; Distortion by link relatives, 47.— IV. The scatter-diagram — choice of curves, 49; Demand curves for individual years, and shifts, 53.— V. Correlated changes of demand and supply, 54; Dealers' and speculators' demands, 55; Pigou's method, 56; Douglas' method, 56; Leontief's method, 57; Mrs. Gilboy's method, 58; Multiple and partial correlation methods, 59.— Conclusions, 61.

Development of large-scale industry, 465. — Support of the idea of economies of large-scale production, 465. — Results of statistical tests of relation of size to efficiency, 467. — Scope and method of the present study, 468. — Limitations of the method used, 474. — Smallest companies show highest earnings, 476. — In some industrial fields, earnings decrease as investment is increased, 476. — Final comparison of earnings of large and small concerns, 478. — Conclusions, 478.