Knowledge that Transforms

Journal Article Price Changes and the Rate of Change of Money Wage Earnings in the Light of American Data Get access Charles C. Holt, Charles C. Holt University of Wisconsin Search for other works by this author on: Oxford Academic Google Scholar Kyu Sik Lee Kyu Sik Lee University of Wisconsin Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 81, Issue 2, May 1967, Pages 347–350, https://doi.org/10.2307/1879594 Published: 01 May 1967

This is a critique of the Arthur Maass article on Benefit Cost Analysis.

I. Introduction, 312. — II. A simple model for macro-economic analysis, 314. — III. Open market operations vs. required reserve ratio changes, 317. — IV. Conclusion, 319.

Journal Article Employment and Industrialization in Developing Countries: Comment Get access David F. Ross David F. Ross Cuttington College, Liberia, West Africa Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 81, Issue 2, May 1967, Pages 338–342, https://doi.org/10.2307/1879592 Published: 01 May 1967

Otto Eckstein, Thomas A. Wilson; The Determination of Money Wages in American Industry: Reply, The Quarterly Journal of Economics, Volume 81, Issue 4, 1 No

I. Equivalence of the Hicks-Lutz and Malkiel theories, 321. — II. Meiselman on expectations, 325. — III. Conclusion, 328.

I. Introduction, 220. — II. Basic economic goals, 223. — III. The manufacturing sector, 224. — IV. The nonagricultural sector, 234. — V. Conclusions, 238.

THIS COMMENT AND REPLY ARE BASED ON AN EARLIER PAPER IN WHICH THE AUTHOR CRITICIZED THE EXISTING PRACTICE OF BENEFIT-COST ANALYSIS WHICH ACCOUNTS FOR NATIONAL INCOME BENEFITS AND COSTS, BUT NOT FOR BENEFITS AND COSTS OF OTHER OBJECTIVES, SUCH AS REDISTRIBUTION OF NATIONAL INCOME TO ECONOMICALLY DEPRESSED REGIONS. HE PROPOSED STATUTORY ADOPTION OF CRITERIA FOR DESIGN AND EVALUATION OF PROJECTS WHICH WOULD COMBINE NATIONAL INCOME (EFFICIENCY) AND ONE OR MORE OTHER OBJECTIVES. IN THE COMMENT, IT IS ARGUED THAT IN SOME CASES REDISTRIBUTIONAL EFFECTS HAD BEEN ANALYZED IN SEVERAL STUDIES (IN WHICH IT WAS FOUND THAT THE NET REDISTRIBUTION WAS NOT IN THE 'RIGHT' DIRECTION), THAT COST- EFFECTIVENESS AND COST-BENEFIT ANALYSES WERE CONFUSED, AND THAT THE LEGISLATIVE PROPOSAL IS IMPRACTICAL BECAUSE OF THE NATURE OF CONGRESS. THE REPLY ARGUES THAT CONSIDERATION OF OF DISTRIBUTION EFFECTS IN THE PLANNING OF PROJECTS (RATHER THAN SIMPLY CALCULATING THE DISTRIBUTIONAL CONSEQUENCES OF PROJECTS THAT HAVE BEEN PLANNED FOR NATIONAL INCOME GAINS ALONE) WOULD LIKELY RESULT IN CHANGES IN BOTH THE PHYSICAL CHARACTERISTICS AND THE BENEFITS AND COSTS OF THE PROJECTS THEMSELVES, AND THAT THE APPARENT FAILURES OF CONGRESS WERE IN FACT DUE TO THE FAILURES OF EXECUTIVE DEPARTMENTS AND THE PRESIDENT. THE SPECIFIC EXAMPLES CITED CONCERN WATER RESOURCES. /BPR/

Journal Article Large Economic Units, Banks, and the Transactions Demand for Money: Comment Get access Myeon H. Ross Myeon H. Ross Western Michigan University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 81, Issue 3, August 1967, Pages 529–531, https://doi.org/10.2307/1884817 Published: 01 August 1967

Journal Article Employment and Industrialization: Comment Get access Benjamin I. Cohen, Benjamin I. Cohen Harvard University Search for other works by this author on: Oxford Academic Google Scholar Nathaniel H. Leff Nathaniel H. Leff Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 81, Issue 1, February 1967, Pages 162–164, https://doi.org/10.2307/1879682 Published: 01 February 1967