Knowledge that Transforms

Journal Article The Influence of Monopoly on Product Innovation: Rejoinder Get access Peter L. Swan Peter L. Swan Monash University, Australia Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 86, Issue 2, May 1972, Pages 346–349, https://doi.org/10.2307/1880572 Published: 01 May 1972

Journal Article Wage Bargains, Threshold Effects, and the Phillips Curve: A Reply Get access Daniel S. Hamermesh Daniel S. Hamermesh Princeton University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 86, Issue 2, May 1972, Pages 339–341, https://doi.org/10.2307/1880570 Published: 01 May 1972

I. The wage equations, 332. — II. The steady state Phillips curve, 335, — III. The threshold price variable, 336. — IV. Conclusions, 338.

elasticity of demand is less than one is entirely correct. It may be only a quibble, but it seems to me to be more appropriate to consider the rate of exchange between total profit, 7x, and the total waste, W, rather than the rate of exchange between Xr and the rate of inefficiency, X, as does Jaffee. It is a little misleading for Jaffee to maintain that the relationship between wastage and profit is a simple one to derive, and then follow up with a comparison of X7 and X: a different function entirely. My selection of W instead of X was not made inadvertently, but reflected my tendency to think along the lines of Williamson's emoluments, for which W (total emoluments) is surely the more relevant variable.' In a way, I suppose this remains a matter of taste since one can conceive of a managerial utility function with the rate of inefficiency used as an index of management comfort. Even so, I would expect the discomfort associated with reductions in X to vary positively with volume, and this leads back to W as the proper measure.

Journal Article Incentive Pricing and Utility Regulation: A Comment Get access Bruce L. Jaffee Bruce L. Jaffee Indiana University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 86, Issue 1, February 1972, Pages 143–144, https://doi.org/10.2307/1880501 Published: 01 February 1972

Introduction, 644. — The economics paradigm, 647. — The Marxian paradigm, 652. — Conclusion, 656.

Journal Article Symposium: Economics of the New Left: Comment Get access Paul M. Sweezy Paul M. Sweezy Monthly Review Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 86, Issue 4, November 1972, Pages 658–664, https://doi.org/10.2307/1882049 Published: 01 November 1972

Journal Article A Note on the Influence of Monopoly on Product Innovation Get access Lawrence J. White Lawrence J. White Princeton University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 86, Issue 2, May 1972, Pages 342–345, https://doi.org/10.2307/1880571 Published: 01 May 1972

I. Lindbeck's analysis of the New Left, 632. — II. Some additional observations, 637.

Journal Article A Comment Get access Frederick V. Waugh Frederick V. Waugh Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 86, Issue 3, August 1972, Page 499, https://doi.org/10.2307/1880807 Published: 01 August 1972