Journal Article A Note on “A Constant-Utility Index of the Cost of Living” Get access R. C. Geary R. C. Geary Dublin Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 18, Issue 1, 1950, Pages 65–66, https://doi.org/10.2307/2296107 Published: 01 January 1950

Journal Article The Gains from Limited Trade Get access F. C. Child F. C. Child Williamstown, Mass., U.S.A. Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 18, Issue 2, 1950, Pages 87–98, https://doi.org/10.2307/2295796 Published: 01 April 1950

Interregional Payments: Reply Penelope C. Hartland Penelope C. Hartland Brown University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 64, Issue 3, August 1950, Pages 489–490, https://doi.org/10.2307/1884564 Published: 01 August 1950

Isolationism in Economic Method: A Comment Get access C. Reinold Noyes C. Reinold Noyes New York City Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 64, Issue 3, August 1950, Pages 483–487, https://doi.org/10.2307/1884562 Published: 01 August 1950

I. A social theory in Schumpeterian terms, 611. — II. Objections to the claim of similarity of vision, 612. — III. Invention versus innovation, 614. — IV. The "directing forces, " 616. — V. Description of the business cycle, 621.

THE conclusions reached in this paper, insofar as they depend upon the limited postwar income and expenditures data available, should be considered as tentative, and subject to modification as new data come into use. Nevertheless, for reasons given below, it is felt that the correct long-run relationship between prewar and postwar income and expenditures is described, even though that relationship may not be exactly measured. Analysis of this relationship throws considerable light on such related questions as the cyclical variability of the consumption function, its stability in the long run, and the direction, if any, of the savings trend. In view of the importance of these questions, and the almost total disagreement which now exists on them, this paper is perhaps amply justified, even though in a sense premature.

Abstract Reviews the book "Business and Government," by Charles C. Rohlfing, Edw. W. Carter, Bradford W. West and John G. Hervey.

Abstract Reviews the book "Business Law," by Thos. Conyngton and Louis Bergh.

Abstract Reviews the book "Elementary Cost Accounting," by George Hillis Newlove and S. Paul Garner.

Abstract The study of accountancy may be said to possess three primary use values: (1) as a foundation for a professional career in public accounting, (2) as providing knowledge of an information service for business management and investors, (3) as one way of leaning disciplined thinking about dealing with data. The first two uses are well known and need no elaboration here. The third use value is the sort usually attributed to mathematics and statistics. But accounting also insists on accurate identification of detail and the organization of data in a meaningful way. Its study at the university level provides some of the same kind of beneficial discipline as these other subjects, and therefore it possesses general educational values in addition to the more strictly technical values for students of business management and professional accounting. Use values such as these have been clearly recognized as lying in the study of accounting. Because of this, there has been a widespread acceptance of the subject matter as useful outside of a purely occupational framework for a career in accounting as such.