Knowledge that Transforms

Ordinance of November, 1918, for relief of unemployment, 279. — Left in force in essentials till the passage of the Act of 1927, 280. — Development of employment service up to 1925, 281. — The new act; its administrative provisions, 283. — Federal Department established, 284. — Self-government in the lower organs, 286. — What persons are insured, 288. — What constitutes right to relief, 291. — Relief in case of industrial conflict? 293. — Duration of ordinary relief, 295. — Emergency relief, 297. — Amount of relief provided, 297. — Funds for ordinary relief raised in equal amounts from employers and employees; for emergency relief from public, 304. — Financial estimates, 305.

I. Introductory: the Committee's work as a whole, 641. — II. Testimony of business men that a general income tax is added to prices, 643. — Refutation by economists, 645. — Statistical analysis by W. H. Coates of the Inland Revenue Department, 647. — III. Assumptions based on some special relation between cost of production and price, 651. — Absolute statement of marginal cost theory erroneous, 652. — Criticisms of Mr. Robertson examined, 657. — IV. Subsidiary arguments: (1) Relation to quantity theory of money; (2) At what rate does a progressive income tax become a part of costs? (3) Dilemma in relation to foreign trade, 662. — V. Distinction between incidence of an income tax and a commodity tax sustained, 666. — Indirect influences on price, 667.

I. Traditional view — The challenge, 596. — II. The position of Phillips; his premises, 598. — III. Primary vs. derivative deposits, 600. — IV. Ratio of derivative deposits to loans, 306. — V. Checks presented which are drawn on same bank, 611. — 63.6 per cent of all checks pass through a clearing operation, not 99 per cent, 612. — VI. A new coefficient of credit expansion, 615. — Coefficient of initial expansion; of secondary expansion, 616. — Of tertiary expansion; coefficient of mediate compound expansion; of ultimate compound expansion, 618. — No analogy to precise physical laws, 621. — Relation to ability of central bank to control expansion, 621. — VII. Influence of cash withdrawals on ability to expand, 623. — Conclusion, 625.

Purpose of Sherman Act, — Diverse interests affected, 5. — I. Producer interests: indirectly protected by (a) raising standards of managerial responsibility, (b) affording various classes of producers the opportunity for prudential cooperation, 8. — Inadequacy of security afforded producers under Sherman Act, 14. — II. Interests of potential producers, 15; directly protected against (a) predatory methods of competition, 19, (b) trade boycotts, 20, (c) labor conspiracies to restrict sales and employer combinations to blacklist, 21. — Evidence of rigorous effectiveness of Sherman Act in safeguarding freedom of enterprise, 21. — III. Consumer interests: directly protected by penalization of concerted efforts to curtail supply or raise prices, (a) Trade agreements for these objects absolutely illegal, 24, but trade coöperation to control conditions of competition not hindered, 26. (b) Corporate mergers, originally held beyond the reach of the law, were later, so it appeared, absolutely condemned, 31. Present interpretation more liberal, 36. — Is there justification for a legal distinction between business mergers and associations? 38. — IV. Conclusion, that experience has vindicated the general policy of the Sherman Act, 39. — Contrast with British experience, 40. — Direction in which anti-trust laws need to be supplemented, 43.

I. Revolutionary groups in their attitude to science. Pretensions of anarchism to scientific method, 229. — II. Social sciences and modern anarchism draw from a common source, the conception of natural law, 231. — Ways in which this conception has been used, 235. — Reasons for the sharp divergence of anarchism from the point of view of students of the social sciences, 237. — III. Fourier's system is essentially anarchistic, 241. — The characteristics of his anarchism in its use of the idea of a natural order, 243.—The natural order of Fourier as an equilibrium of passional attractions, 250. — IV. Distinctiveness of Fourier's anarchism. His romanticism, 156. — His modernism, 260. — Criticism and summary, 261.

I. Importance for Russia of relation between agricultural and industrial cycles. — Concepts and methods of the present paper, 565. — II. Characteristics of Russia's economic system, 574. — Succession of events, 1869–1914, 576. — Resemblances with other countries and differences, 579. — Examination of correlations between crops and cycles, 580. — Summary of conclusions for the pre-war period, 586. — III. Main events of 1913–26, 589. — Complex changes and a transition period, 591.

Journal Article Equilibrium in International Trade Get access Bertil Ohlin Bertil Ohlin University of Copenhagen Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 43, Issue 1, November 1928, Pages 184–188, https://doi.org/10.2307/1883948 Published: 01 November 1928

I. Mr. Snyder's broad Index number, 434.—II. There is no one concept of price level that serves all purposes, 435.—III. The index appropriate for the measurements of real income, 436.—IV. That for deferred payments, 441.—V. Should the price index take account of producers' goods? 443.—VI. The price index with reference to business cycles, 445.—VII. The Snyder index as means of computing the rapidity of circulation of money, 447.

Misconceptions prevalent on Mill and Owen. — I. James Mill, Place, and Carlile, 628. — Hayward's letter of 1873 on J. S. Mill, 630 — His charges and insinuations, 631. — Mill's letter of 1868, 633 — II. Place's statement of 1823 on Owen, 633. — How intimate was Owen's connection with Neo-Malthusianism, 636 — Owen's letter of denial in 1827, 639.

Journal Article Pigou, Industrial Fluctuations Get access Warren M. Persons Warren M. Persons Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 42, Issue 4, August 1928, Pages 669–677, https://doi.org/10.2307/1882538 Published: 01 August 1928