Journal Article An Oversight in the Theory of Incidence Get access H. G. Brown H. G. Brown University of Missouri Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 33, Issue 4, August 1919, Pages 734–736, https://doi.org/10.2307/1885282 Published: 01 August 1919
I. Luxury defined as consumption which does not increase capacity for labor, 298. — Superfluities include consumption necessary for business connection, 300. — Short and long periods, 301. — Capacity for labor varies with consumption of necessaries, 301. — Classification of commodities, 302. — II. Demand for necessaries inelastic because (a) their consumption benefits both present and future, 304. — (b) Capacity for labor is limited, 306. — A tax on luxuries would divert labor to production of capital, also lessening demand, 307. — Labor would become more productive and real wages would rise, 308. — Wealth would be increased, 309; and transferred to people whose effective desire of accumulation is strong, 310. — III. Possible decrease in quantity of labor expended, 314. — Self-development not labor, 315. — Leisure, defined as time not devoted to labor, is either necessary or superfluous, 316. — Annual product varies inversely with superfluous leisure enjoyed, and might be either decreased or increased, 318. — Rise of wages might check fall of interest; convergence of altruism and foresight, 319.
The classical economists regarded minimum profits as an element in cost of production, 115. — Walker's rent theory, 118. — Similar views by other Americans, 119. — By Europeans, 121. — Profits regarded as wages of labor by still others, 123. — Distinction needed between earned efficiency profits and unearned scarcity profits, 127. — Efficiency profits recognized by the law, 128. — Patents, trade secrets, invention, 129. — Judgment and risk-taking, 133. — Surplus or scarcity profits differ from efficiency profits, 134. — Are not an element of cost, 135. — Defects of the labor theory, 136.
Journal Article A Peculiar Eight Hour Problem Get access William Z. Ripley, William Z. Ripley Search for other works by this author on: Oxford Academic Google Scholar W. Z. Ripley, W. Z. Ripley Chairman Search for other works by this author on: Oxford Academic Google Scholar W. H. Hendron, W. H. Hendron Search for other works by this author on: Oxford Academic Google Scholar J. E. Byrnes J. E. Byrnes Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 33, Issue 3, May 1919, Pages 555–559, https://doi.org/10.2307/1885950 Published: 01 May 1919
Journal Article An Eminent Economist Confused Get access H. G. Brown H. G. Brown University of Missouri Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 33, Issue 3, May 1919, Pages 567–570, https://doi.org/10.2307/1885952 Published: 01 May 1919
Inconveniences of an unstable value unit, 652. — Dr. Fisher's proposed remedy, 652. — Would his goods standard be stable? 658. — Unstable relation between goods and labor, 660. — Value dependent on human estimation, 661. — This not stable as to goods or as to labor, 665. — Can present monetary units be stabilized? 667. — Control of issues of paper money, 667. — Control of gold production, 668. — How would Fisher's plan affect the public debt? 670.
I. Unexampled excess of exports during 1915–19, 1. — II. Theoretical analysis of international lending and borrowing under ordinary conditions, 2. — Peculiar conditions in United States during the war, 3. — Influx of gold and rise in prices, 5. — All the transactions in substance were within the United States, 6. — An overturn inevitable, 7. — III. New stage of international payments and trade to be expected, 8. — Tourist expenditures, 9. — Immigrants' remittances, 9. — Freight charges, 10. — Interest account, 11. — Capital account, 12. — The general outcome, 13. — IV. The probable course of prices and money incomes, theoretical analysis, 14. — Extraordinarily rapid overturn, 17. — Relation to world price level, 19. — Probable maintenance of gold standard and resumption of special payments, 20. — Conclusion, 20.
Earlier resort to leaders of unions in American Federation of Labor, 322. — Compulsory arbitration not tried, 324. — The War Labor Board, 326. — Its principles, 328. — Shop Committees, 329. — The Railroad Administration's labor policy, 330. — The Wage Commission of 1918, 332. — The permanent Board of Wages, and other adjustment boards, 332. — Local shop committees, 334. — General aspects of the war developments, 336. — The three types of labor adjustment, 336. — The Federal Employment Service, 338. — Its development to the date of the armistice and its future, 340. — Conclusion, 342.
I. Variety of purposes of the price-fixing agencies, 138. — Methods of price fixing, 140. — II. Cost method of price fixing, 142. — Accountant's cost of production, 144. — Use of the accountant's cost in price fixing, 145. — Profit as the margin above cost, 150. — III. Development of the theory of profit, 151. — Explanation of and justification for profit, 155. — Relation of the theory of profit to price fixing, 159. — IV. Conclusions, 160.