I. Application of marginal principle to dividend distribution, 64.— Case of the small expanding corporation, 68.— The cash position, 69.— II. Statistical investigation of the problem presents many difficulties, 70.— Individual corporations over long period, 71.— Income tax data, 72.— Fraction of net incomes customarily ploughed back, 73.— III. Principles of dividend distribution which appear to have guided corporate directorates: the cash position, 78; fear of illegality, 78; accumulation of surplus against possible future losses, 78; stabilization of dividend rates, 79; special interests of management groups, 81; custom, 83.— IV. Conclusions, 84.

Method of analysis, 548.— Taxable Income, 550.— Spending Power, 552.— Earning Power, 555.— Comparison with total national income, 559.— The Income Tax of 1894, 560.— Civil War Incomes, 561.— Distribution of Taxpayers by Income Classes, 562.— Distribution of Income by Income Classes, 565.— Comparison of Average and Modal Incomes, 567.— Distribution of Incomes of Constant Purchasing Power, 570.— Comparison with British figures, 577.— Shifting Composition of Wealthy Group, 583.— Conclusions and Comments, 585.

Introduction: contra-quantity-theory causation with Keynes, 431. — I. Working balances and the “overlapping” of payments: description, importance, illustrative cases, effects on circuit velocity or monetary requirements, 433. — II. Working balances and differentiation: behavior of circuit and transactions velocity, 446. — III. Real balances in the active circulation: relations of circuit and transactions velocity with real balances, 450. — IV. Idle balances or hoards: the Keynes-Robertson debate on losses and hoarding, the basic character of hoards, 457. — V. Division of money stock into working and idle balances, its connection with causation, Harrod's representation of Keynes, actual causation with Keynes, conclusion, 461.

Ronald S. Edwards, Duncan Black; Notes on the British Income Tax and Company Reserves1, The Review of Economic Studies, Volume 5, Issue 2, 1 February 1938,

Journal Article A Note on the Multiplier Get access E. S. Shaw E. S. Shaw Stanford, California Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 6, Issue 1, October 1938, Pages 60–64, https://doi.org/10.2307/2967539 Published: 01 October 1938

Reviews the book "Essentials of Accounting," by W.A. Paton.