I. The spokesmen and their books: Allen, Huggins, Bowers, 705. — II. The cases before the court, the stated principles, the decisions, 711. — III. The opposition, especially that from the labor unions, 722.— IV. The obstacles to success in Kansas, and the difficulties to be surmounted in any such undertaking, 726.— V. Conclusions, 730.
Professor Young on Index Numbers Get access Irving Fisher Irving Fisher Yale University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 37, Issue 4, August 1923, Pages 742–755, https://doi.org/10.2307/1884059 Published: 01 August 1923
Journal Article Fisher's “The Making of Index Numbers” Get access Allyn A. Young Allyn A. Young Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 37, Issue 2, February 1923, Pages 342–364, https://doi.org/10.2307/1883934 Published: 01 February 1923
The classical theorists on international values guilty of an overabstraction which led them into error. — Mill's exposition turns on an exceptional rather than a normal case, 56. — Bastable errs in the presentation of this exceptional case, 59. — Both lay down corollaries some of which are true only in exceptional circumstances and others not true at all, 59. — The logic of exports and imports, 63. — Trading situations involving several countries and commodities; conclusions alien to currently accepted theory, 70. — Conclusion, in a series of negative and positive propositions, 83.
Persistence of protectionist sentiment and its causes. — The principle of comparative advantage not an infallible guide in the economics of commercial policy, 203. — Effect of increasing and decreasing unit costs, 205. — Mathematical demonstration, 207. — Suggested tests for the modification of the principle of comparative advantage, 210. — Analysis of the “unit of productive power,” 212. — Effect of a change in the composition of this unit, 213. — Protection as an agent in bringing about such a change, 216. — Extension of the infant-industry argument to cover infant finance, 218. — Past and future relation of protection and prosperity, 225.
The Ethics of Competition is a book of Frank H. Knight's writings on a common theme: the problem of social control and its various implications. Knight believed in free economic institutions but was also aware that the competitive economic system could be improved. One of the central figures of neoclassical economics in the twentieth century, Knight pursued a lifelong campaign against irrationalities of nationalism, religious fanaticism, and group conflict, while conceding that these were fundamental orientations of human action that might yet frustrate his own work as an economist. While Knight vigorously defended human freedom and the liberal order, he also was sufficiently moved by the shortcomings of liberalism as to condemn it as rife with abuse.As Richard Boyd writes in the new introduction, The Ethics of Competition is nothing short of visionary. Knight foresaw virtually all of the reductionistic tendencies that have come to plague the discipline he cultivated, neoclassical economic theory. Even more impressively, Knight related these disciplinary proclivities back to themes as grand as the fate of liberal democracy and human nature. Boyd discusses Knight's belief that the human craving for simple, mechanical explanations inevitably leads to frustration rather than material satisfaction. Chapters in The Ethics of Competition include "Economic Psychology and the Value Problem," "The Limitations of Scientific Method in Economics," "Marginal Utility Economics," "Fallacies in the Interpretation of Social Cost," and "Economic Theory and Nationalism." This volume will be of essential value to economists, political theorists, philosophers, and sociologists.