Knowledge that Transforms

Journal Article Multiple-Plant Firms: Comment Get access Wassily W. Leontief Wassily W. Leontief Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 61, Issue 4, August 1947, Pages 650–651, https://doi.org/10.2307/1885054 Published: 01 August 1947

Introduction, 533. — Growth of ALPA, 533. — Government of ALPA: membership, 538; councils, 539; the convention, 539; officers, 541; co-pilots, 542; affiliated groups, 544. — Salaries and Earnings: the Pre-NRA period, 545; Decision 83, 546; co-pilots' pay, 551; international service, 551; the Stratoliner arbitrations, 553. — The Four-Engine Dispute, 554. — Hours of work and mileage limitations, 562. — Rules and working conditions, 564. — Theoretical bases of high pilot pay: qualifications, 569; earning life, 571; hazards, 672; technological advance, 573; bargaining power, 574. — Conclusion, 575.

I. The incentive argument for merit rating, 267. — Definitions, 268. — II. Monopoly profit before and after the imposition of contribution costs, 269. — Implications for forward shifting of contribution costs, 270. — III. Adequacy of profit reductions, 274. — Effect of different contribution rates upon a given monopolist, 274. — Effects of elasticities of demand and slopes of marginal cost functions, 276. — Conclusions, 283.

I. Scope of the paper, 397. — The credit market, 397. — Model A, 400. — Model B, 403. — Model C, 403. — Model D, 404. — Income lags, 405. — Ex-ante and ex-post concepts, 406. — The determinants of active savings, 409. — The determinants of depreciation allowances, 411. —The determinants of credit creation, 412, — Purchase and sale of securities, 412. — The demand side: new investment, 413; reinvestment, 414; cash holdings, 415. — Length of the elementary period, 417. — Keynes on the classical authors: savings, 418; net flow and gross flow, 420. — II. The markets for long and short credits, 423. — The demand for short credits, 424. — The supply of short credits, 425. — The demand for long credits, 426. — The supply of long credits, 426. — The cychcal behavior of interest rates, 427. — Interest rates in the principal countries: differences in level, 432; characteristics of movements, 432. — Econometric analysis, 433. — Interest rates and the price level, 434. — Physical determinants of the interest rate, 436. — Explaining the cyclical movement of interest rates, 437.

Importance of the problem, 206. — Congressional directives, 207. — General attitude of the Commission, 208. — Minimum rates and discrimination, 211. — Adequacy of revenue, 211. — Protection of the rate structure, 214. — Preservation of the advantages of particular modes of transport: the value standard, 220; particular agencies, 223; cost standards, 225. — Conclusions, 229.

Scope of the study, 118. — Importance of the agreements: comparison with prewar Central European bilateralism, 119; countries and share of trade involved, 120. — Functional description of the agreements: financing current transactions, 123; short-term credit provisions, 127; special arrangements, 129; provisions for expansion to other areas, 130. — Relation to a multilateral system: definition, 132; objections to bilateralism, 133; relation to the Bretton Woods system, 137. — Conclusions, 141.

Beginnings, 471. — Turkey, 473. — Egypt, 476. — Iraq, 479. — Mandated territories: Syria and Lebanon, 480, Palestine, 484. — Developments during the war: Turkey, 488; Egypt, 490; Palestine, 491; Iraq, 492; Syria and Lebanon, 493. — Postwar problems: favorable factors, 494; the question of prices, 495; productivity, 495; frozen "war balances, " 496; other problems, 498. — The present outlook, 499.

Journal Article Note on the Allocation of Output Get access Don Patinkin Don Patinkin University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 61, Issue 4, August 1947, Pages 651–657, https://doi.org/10.2307/1885055 Published: 01 August 1947

I. British postwar problems of adjustment, 368. — Possible avenues of escape from lower living standards, 372. — II. The government's double mandate, 374. — Comparison with the current American situation, 376. — Prospective capital shortage, 377. — III. Basic needs, 381. — Conflicting objectives, 383. — Resulting dangers: effect on exports, 386; on business incentives and voluntary savmgs, 388. — New outlooks, 390. — IV. The dilemma in terms of the balance of payments, 392. — Compromises inevitable, 393. — Conclusion, 395.

I. The problem: the effect of consumer attachments upon competitive equilibrium, 31. — Definitions and assumptions, 32. — II. The Chamberlinian theory as a limiting case, 34. — Buyer attachments, 36. — Asymmetry in the relation of a price increase to a price decrease, 39. — Modification of the homogeneity requirement, 42. — III. Cross elasticities, 42. — Extra-marginal buyers, 46. — IV. Equilibrium at minimum cost, 50. — V. Can product differentiation be maintained in the long run? 54. — VI. The definition of a "perfect market, " 59. — Free entry, 60. — VII. Results and implications, 61.