Journal Article The Meaning of Rationalization: An Analysis of the Literature Get access Robert A. Brady Robert A. Brady University of California Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 46, Issue 3, May 1932, Pages 526–540, https://doi.org/10.2307/1883398 Published: 01 May 1932

The notion of a “velocity of circulation of goods” and the desirability of measuring it statistically, 1.— The problem is identical with that of obtaining a statistical measure of the ratio of the physical volume of sales of goods to the physical volume of goods intended for sale, 6. — The “physical volume of sales of goods” and its possible substitutes, 6. — The “physical volume of goods intended for sale,” and its various components, 21.— The possibility of using figures for “stocks” of commodities on hand as indicators of movements in the “velocity of circulation of goods,” 29.— The great differences of opinion which exist with respect to the extent and the nature of the variations in the “velocity of circulation of goods” make the statistical measurement of this velocity imperative, 33.

Introduction: doubts concerning stabilization of prices, 251. — Purchasing power reducible to labor, 254; with certain qualifications, 256. — The nature of monetary instability, 259. — Bad effects of it, 260. — True stability eliminates these, 263. — Basic labor standard superior to others in this respect, 265. — The debtor-creditor problem, 266. — No allowance for subjective side of labor, 267; or for changes in efficiency, 268. — The problem of detection, 269; of measurement, 274. — Practical considerations: production data alone an inadequate guide, 275; mild inflation easier to attain than stability, 277; corrective measures not always advisable, 279.

Journal Article Industrial Relations in Southern Textile Mills Get access Charles A. Gulick, Jr. Charles A. Gulick, Jr. University of California Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 46, Issue 4, August 1932, Pages 720–742, https://doi.org/10.2307/1882814 Published: 01 August 1932

Journal Article A Note on the Development of the Doctrine of "Forced Saving" Get access F. A von Hayek F. A von Hayek London School of Economics Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 47, Issue 1, November 1932, Pages 123–133, https://doi.org/10.2307/1885188 Published: 01 November 1932

Reviews the book "The World's Economic Crisis," by Arthur Salter.

Abstract A few year ago, particularly 1925 to 1930, certain tendencies in corporation finance were much under discussion among both accountants and lawyers. The accountants, by defining Earned Surplus, have indicated their approval of the subdivision of surplus into Earned Surplus and Capital Surplus and the lawyers, through Section 25 of the Uniform Statute, have shown that they favored a required subdivision of surplus which will produce separate accounts for paid-in surplus, revaluation surplus and surplus profits. Statutory provisions make it clear that accountants and lawyers still believe that the consideration given for shares of stock is an important indication of "capital," and that they still think of dividends as realized profits and not as capital returned. The most generally accepted use tends to associate the word surplus with profits or at least with the amount available for distribution. Therefore Paid-in Surplus will sound to most people like paid-in profit and Revaluation Surplus like revaluation profit and both will seem as if they should be distributable as dividends.

Abstract An extended period of reduced business activity, with its attendant financial difficulties naturally refocuses the attention of accountants on the underlying problems of valuation and income and surplus measurement. One of the questions receiving increased attention is the old problem of the distinction between operating costs and non-operating charges or losses. In times of depression such as the present, it is noticeable that many business managements, in their desperate anxiety to make a showing, are waking up to the fact that there is some basis for drawing a line between operating charges and non-operating losses. It is the business of the accountant to preserve every legitimate distinction, to bring out every angle of the situation that has a vital bearing from the point of view of any interest concerned, but it is also his business, as far as lieth in him, to see that no improper use be made of this approach to the treatment of business transactions and their results. Operating costs are charges which can be logically imputed to the regular activities of the enterprise during a particular period.

Reviews the book "Gold, Credit, and Unemployment," by G.D.H. Cole.

Reviews the book "America Weighs Her Gold," by John Henry Rogers.