Knowledge that Transforms

I. Importance of national income concepts, 327. — II. Definition of transfer income, 328. — Problem of the treatment of interest, 329; taxes, 330; other payments, 330. — Two ways of treating transfer incomes, 331. — Classification, 332. — III. Reasons for treating interest and dividends as transfers, 332. — Objections to this view, 337. — IV. Reasons for treating taxes as transfers, 344. — The special treatment of indirect taxes, 348. — V. Tabular presentation of suggested changes in the computation of national income aggregates, 357. — Conclusions, 360.

Journal Article An Error in Ricardo's Exposition of his Theory of Rent Get access Harry G. Johnson Harry G. Johnson Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 62, Issue 5, November 1948, Pages 792–793, https://doi.org/10.2307/1883475 Published: 01 November 1948

I. The Wartime Inflation (1937–45), 562. — II. The Postwar Economic Situation: budgetary deficits, 568; industrial and agricultural production, 570; the food situation, 571; other difficulties, 571. — III. Developments in 1947, 571. — IV. Summary and Conclusions, 574.

I. The problem, 418. — The assumptions, 420. — II. Diagrammatic analysis, 420. — The marginal cost curve: selling-effort and quality criteria independent, 422; selling-effort and quality criteria not independent, 431. — Different ways of increasing sales, 432. — The concept "quality improvement, " 435. — III. Varying the price assumption, 435. — The "locus, " 437. — The optimum price, 437. — IV. The problem of the initial quality, 438.

The need for special arrangements, 500. — Feasibility of organizing systems of multilateral payments, 502. — Fundamental problems, 503. — Clearing mechanisms: pooling type, 506. — Clearing mechanisms: multilateral offset or circuit type, 510. — The settlement of net balances, 513. — Multilateral clearing and the ERP, 516.

Scope of the inquiry, 202. — I. Costs in generating power: inadequacy of the data available, 204; two estimates, 205; comparison with conventional power plants, 209; implications, 211. — II. Effects on real output, 213; on household consumption, 215. — Effects on the location of industry: diminished significance of agricultural differentials, 216; power differentials, 217; classification of large users of fuel and power, 218; effects on each, 218. — General considerations: concentration of industry, 222; technical inflexibilities in production, 224; cultural and institutional elements, 224; dynamic forces, 226.

Journal Article The Fallacies of Lord Keynes' General Theory: Reply Get access Jacques Rueff Jacques Rueff Institut d'Études Politiques, Paris Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 62, Issue 5, November 1948, Pages 771–782, https://doi.org/10.2307/1883471 Published: 01 November 1948

Introduction: scope of the paper, 263. — I. Unionism and earnings, 1933–45: the data, 264; analysis of relative wage movements, 267. — II. Alternative hypotheses: differences in skill, 274; urban and rural industries, 275; proportion of women, 276; degree of monopoly, 277; expanding and contracting industries, 277; summary of these considerations, 279. — III. Unionism and earnings, 1890–1926: Douglas' data, 280; appraisal of the indexes, 281; a more fundamental objection, 282. — IV. Implications, 284.

Misunderstanding in the use of the concept: explicit definitions, 396; implicit definitions, 397; criticism of these, 398. — Bargaining power and its effect on price: perfect competition, 400; agreement, 401; major determinants of power, 402; difficulties of definition, 403. — False antithesis between bargaining power and competitive market forces: the bargaining theory of wages, 408; theoretical indeterminateness, 410. — Inequality in power relative to time, direction and magnitude of price movement, 411. — Critique of alternative treatments of bargaining power: Dunlop, 413; Slichter, 414; Shister, 414. — Conclusions, 417.

Introduction: The freedom-control problem involves, beyond economic science, all social science and philosophy; criteria for judging books reviewed, 641. — I. Ordeal by Planning, by John Jewkes, 645. — II. Economic Policy for a Free Society, by Henry Simons, 650. — III. Alternative to Serfdom, by J. M. Clark, 656. — IV. Democracy and Progress, by David McCord Wright, 662.