Journal Article Note on Inter-Commodity Relationships in Demand Get access E. E. Lewis E. E. Lewis Washington, DC Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 5, Issue 1, October 1937, Pages 53–59, https://doi.org/10.2307/2967579 Published: 01 October 1937
Journal Article A Simplified Model of Mr. Keynes' System Get access J. E. Meade J. E. Meade Oxford Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 4, Issue 2, February 1937, Pages 98–107, https://doi.org/10.2307/2967607 Published: 01 February 1937
I. Fluctuations in prices and interest rates, 113.— II. The reasonable worth of utility services, 114.— The fall in incomes, 115.— The fall in prices, 116.— Emergency rate orders, 117.— III. Valuation, 119. — Average prices, 119.— Corrective indices, 120.— IV. The rate of return, 122.— Industrial profits, 122.— The common stock basis for return, 124.— The standard rate of return, 125.— V. The rate making rule in depression, 127.
This article focuses on bases of valuation in German corporate balance sheets. Acquisition or production cost is prescribed as the maximum value for all fixed assets. The language of the present German Commercial Code is unequivocal on this point. By "acquisition cost" is meant the amount of actual expenditures on the fixed asset up to the moment when it becomes ready for use in operations. Besides the net purchase price this form of cost includes all direct overhead expenses, for instance, transportation costs, insurance premiums, import duties, commissions, cartage expenses, and installation costs. The bookkeeping technique of recording depreciation, in view of the great variety of practices, is not regulated by law, and must, therefore, be determined individually according to the principles of good accounting. The principle of minimum value applies to all current assets. The previous enumeration, as current assets, of securities and other assets which are not permanently required for the business conduct of the company, as well as of merchandise and the company's own shares, is now replaced by reference to the corresponding section of the classification ordinance.