Journal Article A Symposium on Monetary Theory: Monetary and Value Theory: Further Comment Get access G. C. Archibald, G. C. Archibald London Search for other works by this author on: Oxford Academic Google Scholar R. C. Lipsey R. C. Lipsey London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 28, Issue 1, October 1960, Pages 50–56, https://doi.org/10.2307/2296250 Published: 01 October 1960

Journal Article Testing Marginal Productivity Theory Get access G. C. Archibald G. C. Archibald London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 27, Issue 3, June 1960, Pages 210–213, https://doi.org/10.2307/2296084 Published: 01 June 1960

Journal Article Mill and the Law of Markets: Comment Get access Laurence C. Hunter Laurence C. Hunter University of Manchester Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 74, Issue 1, February 1960, Pages 158–162, https://doi.org/10.2307/1884140 Published: 01 February 1960

I. Introduction, 100. — II. Labor supply instability, some Indian-American comparisons, 101; turnover, 101; absenteeism, 103; the casual labor problem, 104; “decasualization” as a possible solution, 106. — III. Eliminating the casual labor market for cotton textile workers in Bombay city, 108; the casual labor problem in the 1920's, 108; the employer's approach: mill decasualization (1930's), 108; the government's scheme for industry decasualization (1950's), 109; the belief in corruption which no longer exists, 112. — IV. A recapitulation, 113. — V. Policy implications of the Bombay approach, 114.

I. Introduction, 79. — II. Expectations and conventional models of growth, 82. — III. A linear, variable accelerator, 87. — IV. Simple models of growth with variable accelerator, 90. — V. Conclusions, 92. — VI. Mathematical analysis, 95.

This paper investigates Bohm-Bawerk's idea of a preference for advancing the timing of future satisfactions from a somewhat different point of view. It is shown that simple postulates about the utility function of a consumption program for an infinite future logically imply impatience at least for certain broad classes of programs. The postulates assert continuity, sensitivity, stationarity of the utility function, the absence of intertemporal complementarity, and the existence of a best and a worst program. The more technical parts of the proof are set off in starred sections.

COLIN Clark's ambitious book The Economics of I960, published in 1942,1 was concerned with making world-wide forecasts of agricultural prices, agricultural working population and production, and total real income. Its main conclusion was that the level of agricultural prices relative to non-agricultural prices in the world the so-called terms of trade would, by I960, rise go per cent above the base period of I925-34, as a result of rapid industrialization. These forecasts rested upon an econometric model of the world economy. Because the forecasts related to I960, it is now possible to evaluate the accuracy of the predictions and appraise the adequacy of Clark's basic model. The purpose of this paper is to make such an appraisal, and to use it as a guide to the improvement of subsequent economic projections.

Everett C. Hughes, Non-Economic Aspects of Academic Morale, The Review of Economics and Statistics, Vol. 42, No. 3, Part 2. Higher Education in the United States: The Economic Problems (Aug., 1960), pp. 118-121