Knowledge that Transforms

An important movement, in need of quantitative measurement, 16. — Federal income-tax returns indicate a wider distribution of dividend payments, 17. — Corroborative evidence furnished by a study of stock ownership in 281 corporations, 21. — An estimate of total capital stock of American corporations and of the number of domestic stockholders, 26. — Two periods of rapid diffusion, 29. — Stock ownership by employees, 32. — By customers, 32. — Labor banks, 33. — Tax-exempt securities, 35. — Effect of Liberty Bond campaigns, 35. — Increase of savings deposits, 36. — Effect of higher wages, 37. — Conclusion, 38.

Supplies come on the market, not as quantities available for sale, but as flow responding to demand, 632. — Manufacturers' usual practice is to "sell then make, " not "make for stock, " 634. — Details of the "sell-then-make" policy, 635. — The "make-for-stock" policy sometimes followed in part; its virtues, 636. — Connection of the sell-then-make policy with business cycles, 642. — Demands from distributers bring response in production, 642. — If products are not forthcoming, orders are exaggerated or duplicated, 645. — False demands lead to over-enlargement of supplies, 647. — Reaction. Alternate exaggeration and understatement of consumers' demands, 648.

Kyrk's Theory of Consumption Get access Z. Clark Dickinson Z. Clark Dickinson University of Michigan Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 38, Issue 2, February 1924, Pages 343–346, https://doi.org/10.2307/1884017 Published: 01 February 1924

The Economic Law of Market Areas Frank A. Fetter Frank A. Fetter Princeton University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 38, Issue 3, May 1924, Pages 520–529, https://doi.org/10.2307/1882335 Published: 01 May 1924

Arguments for social interference developed by Pigou and Graham illustrate common misinterpretations of the meaning of cost and its variation with output, 582. — I. The private owner of a natural opportunity secures maximum return from it by charging that rent which halts the application of investment at the point which is socially most advantageous, 584. — II. The notion of decreasing cost is a fallacy; competitive price fixation under decreasing cost or increasing returns an impossible situation, 592. — III. The law of comparative advantage in international trade is fundamentally sound, 599. — Importation a method of using resources to produce the imported good, and will be employed under competitive conditions only when more efficient than a direct method, 603. — The competitive system has important defects, but they lie outside the mechanical theory of exchange relations, 605.