Journal Article On a Passage of Professor Taussig's International Trade Get access Achille Loria, Achille Loria Turin, Italy Search for other works by this author on: Oxford Academic Google Scholar F. W. Taussig F. W. Taussig Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 46, Issue 1, November 1931, Pages 187–189, https://doi.org/10.2307/1883926 Published: 01 November 1931
The Review of Economics and Statistics193113(2), 68
MONTHLY data for the building and construction industries available for the period since the War make possible a fairly satisfactory measure of the cyclical fluctuations in building activity. In an earlier issue of this REVIEW, a detailed analysis of building statistics for the United States was presented and certain important conclusions were drawn concerning the general character of fluctuations in the building industry.' The following pages are devoted to a brief description of the post-war cyclical fluctuations of building activity and to discussion of the data, methods, and statistical background of our adjusted indexes of building and real estate activity.
Nature of the problem, 309; of the data, 314. — Evidence as to geographical mobility of labor, 316. — Duration of unemployment: before first job, 324; time on first job, 329; time lost during period of survey, 329; unemployed at end of survey, 332: — Quality of jobs obtained, 334. — Change in annual income, 339. — The dismissal wage: purpose, 342; utilization, 343; adequacy, 345.
Abstract The article discusses economic theory in relation to accounting valuations. All items which are included under the term assets may be very roughly divided, for the purpose in hand, into two groups, more or less accurately designated as follows, repositories for funds and summations of costs. In the first may be placed cash in its various forms, account, notes, bonds and other claims for money and securities or rights readily realizable in money if not representing sums to be collected at specified times. In the second group are organization and development charges, land and wasting assets, structures and equipment of all types, long and short-term prepayments and various classes of inventories. As in most classifications there are many doubtful cases, one division shades into the other. Finished goods produced under contract, for example, are from the standpoint of both economic and legal character very closely allied to ordinary receivables. As a rule the valuation of items in the first group is a relatively simple matter, depending primarily upon legal conditions, simple arithmetical calculations and judgments as to good faith and responsibility of debtors. Further, in this group of cases there is ordinarily little to be gained by attempting to apply interpretations and reasoning of economics.