Knowledge that Transforms

Introduction, 165.—Taussig's theory of fertility, 166.—Differentials in fertility, 169.—Summary, 170.

I. Introduction, 337.—II. The fundamental property of the Rawlsian scheme, 337.—III. Comparative study, 341.—IV. Concluding remarks, 343.

The model, 558.—Product taxes, 563.—Capital taxes, 565.—Imposition of capital taxes, 566.—Application of BTA's to capital taxes, 568.—Adjustments to the earnings of capital, 574.—Conclusions, 577.

Journal Article The Economic Theory of Fertility Decline: Comment Get access William E. Cullison William E. Cullison Federal Reserve Bank of Richmond Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 91, Issue 2, May 1977, Pages 345–347, https://doi.org/10.2307/1885422 Published: 01 May 1977

I. Introduction, 639.—II. The model, 640.—III. A simplified optimal price formula, 642.—IV. An example reconsidered, 645.—V. A more general tax formula, 648.—VI. Concluding remarks, 649.

I. A summary of the debate, 390.—II. The neoclassical contributions to the debate, 393.-111. An eclectic model of wage dynamics, 398.-1V. Empirical analysis of the basic equation, 403.—V. Conclusions, 411.—Appendix, 414. The persistent problem of "stagflation"—the presence of both high unemployment and rapid inflation—may suggest that the ac-celerationist denial of a trade-off between inflation and unemploy-ment should be accepted without further delay. 1 This study presents empirical research suggesting that any inflation-unemployment trade-off is indeed only transitory, but the claim is made that the accelerationists have reached their conclusion by a false route, their voluntary-unemployment-job-search theories. In order to support these positions, the Phillips Curve debate is briefly reviewed, cyclical patterns of unemployment are analyzed, and an eclectic model of wage movements is developed and estimated. The first section attempts to clarify the debate by focusing on three dis-

I. Introduction, 127.—II. The Houthakker-Taylor demand model, 128.—III. Theoretical analysis, 129.—IV. Estimation, 133.—V. The empirical results, 136.—VI. Conclusions, 141.

An industrial relations paradigm, 433.—Industry outcomes, 435.—Determinants of outcomes, 435.—Correlation results, 440.—Regression results, 445.—Summary, 447.—Appendix A: Classification of contract provisions, 448.—Appendix B: Data sources, 450.

I. Random process models and the operation of an efficient competitive economy, 677.—II. Statistical evidence, 679.

I. The basic theory in terms of the consumer problem, 532.—II. Applications of the main theorems, 543.