Knowledge that Transforms

I. Marshall's treatment of space, 627. — II. Assumptions, 628. — Six cases distinguished, 629. — Comment on these cases, 633. — III. Preliminary assumptions sometimes determine conclusions of economic analysis: Chamberlin on rent, 635. — Conclusions, 637.

The problem: the effect of assuming discrete markets rather than a continuous market, 212. — I. A simplified case, 213. — Results as seller A lowers his price, 215. — II. The f.o.b. prices which the sellers will set, 218. — Hotelling's diagram, 218. — A more complicated version, 219. — "Normal" equilibrium, 223. — III. No reason for assuming that any equilibrium will be attained, 225. — Assuming that sellers do not take their rivals' prices as given, 226. — IV. Conclusions: here the precise pattern of traditional duopoly analysis is not obtained, 228; possible equilibrium at the bare level of marginal costs, 229; application to other forms of discontinuous product differentiation, 230.

Present status of the concept of unemployment, 1. — Willingness to work: gross and net unemployment, 7; statistical indications for 1940, 11. — Employability: marginal employables, 13; legal unemployables, 14; cumulative unemployment, 15; institutional unemployables, 18. — Suppressed unemployment: part-time unemployment of wage workers, 19; part-time unemployment of non-wage earners, 20; unproductive employment, 20; statistical estimates, 21. — Summary of statistical approximations, 25. — Recommendations for improving current estimates, 27. — Conclusion, 28.

The problem, 113. — Definitions and assumptions, 114. — The Keynesian method: the upper limit, 115; the speed, 119; the influence of exogenous factors, 120. — The Tinbergian method: the question of limit, 121; of speed, 125. — Numerical example, 126. — Conclusion, 127.

Introduction, 90. — I. Innovations in transport technology and geographic location, 91. — Effect upon population movements, 93. — Upon building, 93.— The timing of innovations in transportation, 94. — Influence of rate structures, 95. — Effects upon consumer behavior, 96. — Influence of monetary conditions, 97. — II. Character of the statistical data, 98. — Six cycles in building and in transport development revealed, 101. —III. The impact of transport development upon building in Ohicago, 107. — IV. Implications for future transport developments and building booms, 111.

Scope of the paper, 575. — Negative multipliers, 576. — Level and growth of income in relation to level and growth of investment, 577. — Reaction of expenditure on revenue, 581. — Financial implications of deficits, 587.— Tertiary effects upon private investment, 595. — Public works vs. other expenditures, 599. — The multiplier and velocity approaches, 601. — Conclusion, 605.

The problem, 274. — Subjective risk, 275. — Subjective uncertainty, 280. — Graphical illustrations, 281. — Methodological considerations, 301. — Empirical verification, 302. — Relation to welfare economics and economic policy, 305.

Journal Article Wartime Concentration of British Industry Get access Mary E. Murphy Mary E. Murphy Hunter College Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 57, Issue 1, November 1942, Pages 129–141, https://doi.org/10.2307/1881816 Published: 01 November 1942

Consumption under the impact of rearmament, 349. — The problem of estimating the effect of rearmament upon consumption, 351. — Methods of analysis, 352. — The national income and the share of all wage and salary earners, 355. — The income of employed wage and salary earners subject to social insurance, 358. — Wages and income of individual wage earners, 366. — The production of consumers' goods, 369. — The consumption of consumers' goods, 372. — Per capita consumption of individual commodities, 374. — Consumption of individual commodities in the budgets of typical families, 376. — Deterioration in the quality of consumers' goods, 378. — Changes in the satisfaction of collective needs, 379. — Conclusions, 382.