Nature of the problem, 116. — The fiscal and institutional limits: avoidance of price inflation, 117; statutory provisions, 118. — The immediate real burden, 119. — The financial burden, 119. — Tax friction, 120. — Government spending and the growth of national money income, 121. — The case where government spending and deficit financing merely offset hoarding: "dead weight" spending, 123; spending for public works, 126. — Increasing difficulty in making the necessary injection, 128. — Conclusions, 129.

This article extends the classical static theory of the firm to allow for the interaction of the location and output and input decisions. Equilibrium conditions are determined. The comparative static effects of changes in the price and transport cost parameters on the location and quantity variables are deduced.

Introduction, 487. — I. Two issues are involved in the paradox of saving, 488. — II. Conclusion, 490.

Journal Article D. H. Robertson: Comment Get access David McCord Wright David McCord Wright University of Georgia Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 78, Issue 2, May 1964, Pages 324–327, https://doi.org/10.2307/1879330 Published: 01 May 1964

Introduction, 173. — I. “Pure” versus “perfect” competition, 173. — II. “Pure but imperfect” competition, 175. — III. Growth, competition and full employment, 176. — IV. Equilibrium versus dynamic analysis, 178. — V. Pure versus monopolistic competition in a multidisturbance world, 183. — VI. Conclusion, 184.

Introduction, 198. — I. Concepts of equilibrium and the “machine,” 198. — II. Difficulties with the concept of the “machine,” 200. — III. The “event” approach, 202. — IV. Major limitation of the “event” approach, 205. — V. Implications of the “event” approach, 208. — VI. Summary, 210.

Journal Article Interest-Free Deficit Financing: A Reply Get access David McCord Wright David McCord Wright University of Virginia Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 58, Issue 4, August 1944, Pages 637–646, https://doi.org/10.2307/1884748 Published: 01 August 1944

Scope of the paper, 331. — I. Assumptions, 333. — Standard of living, 334. — Limit to the use of capital, 334. — The problem of steady development, 336. — The rate of accumulation, 337. — II. Possible objections, 339. New capital needs, 340. — III. Assuming many varieties of capital goods and of consumer's goods, 341. — "Diminishing Returns, " 342. — Standard of living, 344. — IV. Alleged "twilight zone" above zero per cent, 346. — Brakes upon borrowing, 347. — Effect upon demand for capital, 348. — The condition of indefinite waste, 349. — Perfectly elastic demand, 350. — V. Demand for "satisfactions in general, " 352. — "Hoped-for security, " 354. — VI. Summary of conclusions, 356.