Knowledge that Transforms

I. Introduction, 167. — II. The prewar wage and price trends, 172. — III. The wage inflation of the thirties, 175. — IV. Wartime inflation, 181. — V. Postwar deflation, 183. — VI. Concluding remarks, 188.

Scope of paper, 341. — Any open market policy hinges on a well-performing government securities market, 342. — How the market facilitates monetary policy, 351. — Why monetary policy prefers short-term securities, 358. — Open market operations for other objectives, 363. — Concluding observations, 371.

Introduction, 117. — The neoliberals' negative message: critiques of alternative programs, 120; central planning, 120; interventionism and syndicalism, 123; “full-employment” programs, 127; the “welfare state,” 129; laissez-faire and historical capitalism, 131. — The positive message: the neoliberal program, 133; the creation of Ordo, 133; antimonopoly policy, 140; monetary policy, 144; social policy, 148.

I. Introduction, 53. — II. The foreign trade multiplier and the circular flow of intermediate products, 53. — III. The revised multiplier and the fundamental equation for an open economy, 55. — IV. The interindustrial analysis and the consumption function, 58. — V. Formula for the computation of the subjoined inverse showing the effect of endogenous changes in consumption, 62.

Introduction, 587. — The nature of long-run equilibrium, 588. — The attack on Marshall's theory of value, 593. — Conclusion, 599.

I. Introduction, 602. — II. Interfirm organizations, 604. — III. Market structure, market performance, and interfirm oragnization, 610. — IV. Concluding observations on profit-maximization and traditional supply and demand analysis, 612.

Introduction, 206. — I. Statement of the problem, 209; growth equilibrium formulated, 210; the Solow case, 212. — II. Model A. Continuous full employment, the Wicksell case, 213. — III. Model B. Unemployment permitted, 219; the stabilizing effects of redistribution, 221; the stabilizing effect of changing money wages and changing interest rates, 223. — IV. Model C. The Keynesian assumptions, 224.

I. The framework of a simpre gold-exchange standard, 572. — II. The system's response to changes in the gold content of reserves, 573. — III. The stability of the system, 579. — IV. Implications for policy, 582. —Appendix: piivate balances and the stability of the system, 583.

Some general principles of the diffusion of knowledge, 29. — A single firm, 36. — Imperfect perfect competition, 43. — Conclusions and qualifications, 50.

I. Approaches to credit rationing, 258. — II. The influence of credit risk on loan payoff, 259. — III. Implications for lender behavior and borrower access to credit, 267. — IV. The central bank's influence, 275.