Journal Article Comparative Statics and the Logic of Economic Maximizing Get access Paul A. Samuelson Paul A. Samuelson Cambridge, Massachusetts Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 14, Issue 1, 1946, Pages 41–43, https://doi.org/10.2307/2295756 Published: 01 April 1946

Journal Article “Equilibrium in Multi-Process Industries” — Further Comments Get access M. A. Adelman M. A. Adelman Washington, D. C. Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 60, Issue 3, May 1946, Pages 464–468, https://doi.org/10.2307/1880683 Published: 01 May 1946

ECONOMISTS who have made detailed comparative studies of wage rates within a plant or between plants in the same labormarket area are struck by the haphazard variations in such rates and by the irrationality of many intraplant and interplant differentials in wages.2 Actual wage facts seem contrary to what one might expect according to conventional wage theory. Demand and supply do not eliminate gross inequities or gross irrationality.3 Perfect competition seems to be the exception rather than the rule. Movement in response to varying rates does not take place even in the same locality. One of the most significant facts about wage rates is their variation for the same job in the same labor market.4 Instead of a single rate for the same work, there is usually a band or zone of rates ranging from the lowestto the highestpaying employer in a community. The wide diversity in plant wage levels in the same labormarket area is strikingly indicated by the local surveys made by the U. S. Bureau of Labor Statistics in I943 and I944 in order to establish, by occupational groups and labor-market areas, brackets of sound and tested going rates.

The introduction of rationing: the Eastern gasoline shortage, 561; nation-wide rationing, 564. — The separation of District I, 567. — The “pleasure driving” ban, 569. — Other steps to reduce consumption, 570. — The non-recoverable “B” and “C” cut, 572. — End of the “pleasure driving” ban, 572. — Jurisdictional dispute between OPA and PAW, 573. — Spread of the gasoline shortage: relaxation of the program, 576; the shortage spreads to Districts II and III, 577; the shortage spreads to Districts IV and V, 579; the program settles down, 580. — The local board system, 581.

The Plan: the "A" Book, 125; the "B" Book, 127; preferred mileage, 129. — Special Rations: change of residence, 130; "hardship, " 132; furloughs, 133. — Fleet and Transport Rations: fleet, 133; transport, 134. — Non-highway Rations; Other Evidences: non-highway, 135; bulk and inventory coupons, 139; mihtary acknowledgments, 141. — Definition of Gasoline, 142. — The Flowback System and the Border Problem: the flowback system, 146; the border problem, 148. — The Black Market: invalidation cycles, 149; coupon endorsement, 151; mailing centers, 153. — The Effect on Consumption, 153.

Abstract Reviews the book "Excess Profits Taxation," by Kenneth James Curran.

Abstract The Smaller Practitioner; This thinking gives support to George O. May's statement that "Accounting has developed from a service department of business to become a social force." It also suggests that public accountants are aware they must accept new obligations to society as their technology becomes a social force. They have clearly accepted the duty to get qualified people into the profession. The support given to university education in the subject and to the work of providing suitable technical examinations and of fostering effective legislation is a part of this activity. So too, is the stress now placed upon selective recruiting and the development of a program of personnel testing. It is also a social obligation, as well as sound firm policy, to aid staff people to attain full competence. To this end some firms provide special training for beginners and diversify the experience as an aid to their professional growth. These small firms, located for the most part in the smaller business communities, would often prove to be missionaries for good accounting in business.