I. Alleged special features of Australia's economic position, 87.— II. The argument based on the terms of trade, 89.— The question of elasticity of demand, 92.— III. The influence of diminishing returns in the primary industries, 97.— Average vs. marginal conditions, 99.— The infant industry argument, 100.—IV. Effect of protection on the distribution of the national income, 102.— Conclusions, 104.

Scope and purpose of study, 1.— I. Reserve policies of London Clearing House banks: primary expansion, 2.— Customary reserve ratios, 2.— Coefficients of expansion: commercial banking system, 8.— Individual commercial banks, 10.— II. Reserve policies of the Bank of England: systemic expansion, 16. — Deposit expansion, 17. — Currency and deposit expansion, 27.— III. Coefficients of expansion as guides for banking policy and reform, 35.

Preface Get access William Leonard Crum William Leonard Crum Cambridge, Mass. March, 1938 Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 52, Issue Supplement, May 1938, Pages 5–7, https://doi.org/10.1093/qje/52.Supplement.5 Published: 01 May 1938

I. The Qualitative vs. the Quantitative Schools of Credit Control, 600. — II. Subgroupings among Exponents of Quantitative Methods, 602. — III. Snyder's Methods, 603. — IV. History of Price Movements, 604. — V. Consequences of Non-War Price Displacements, 606. — VI. Fluctuations in Prices vs. Fluctuations in the Physical Volume of Trade, 606. — VII. Measurement of the Factors of the Equation of Exchange, 609. — VIII. Consequences of Fluctuations in the Ratio of Credit to Trade, 611. — IX. Sub-Normal and Abnormally High Rates of Growth in the Volume of Credit, 613. — X. Does Credit Control Trade? 615.—XI. Snyder's Theory and the 1929 Crash, 616. — XII. Snyder's Theory and the Present Depression, 618. — XIII. Necessity of Frequent Tests of the Credit Situation, 619.

Journal Article National Income, 1929–32 Get access W. L. Crum W. L. Crum Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 49, Issue 3, May 1935, Pages 508–517, https://doi.org/10.2307/1883867 Published: 01 May 1935

Journal Article Burns, Production Trends Get access W. L. Crum W. L. Crum Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 48, Issue 4, August 1934, Pages 742–748, https://doi.org/10.2307/1883549 Published: 01 August 1934

I. Introductory; neglect of Veblen's general theory, 598.— II. His main criticisms of economics, and the fundamental standpoint implied therein, 600.— III. Psychological postulates of Veblen's theory; the evolutionary idea, 602.— IV. Summary of the theory: the savage era, 605; the barbarian era, 607; the period of handicraft, 611; the age of the machine process, 613.— V. Analysis of the modern economy, 614; its place in the general theory, 617.— VI. Integration of Veblen's ideas, 618; this a system of theory different from the Marshallian, 620.— VII. Criticism of Veblenian psychology, 622; treatment of history, 623; and institutions, 624.— Conclusion; issue of the institutional controversy, 624.

Purposes of the investigation, 414. — Description of the data, 416. — Importance of the consolidated returns, 419. — Profit ratios: divisions, 433. — Profit ratios: manufacture groups, 439. — Rate of profit on gross sales, 443. — General conclusion, 445.

The assumption of independent national price systems, in theory and in treatment of current problems, 409. — I. No domestic and no international prices; only local prices, more or less sensitive to external conditions, 410; merchandise and services, wholesale and retail prices, not differentiated in the terms "international" and "domestic" commodities, 413. — II. Parallelism in movement of wholesale price indices, 413; Internationalization of the commodity price structure, 414. — III. Illusion of domestic price structure for wholesale merchandise: large or sustained movement not essential to price interdependence, 422; defective market data and apparent price deviations, 432; limitations upon actual deviation; a priori indications of high correlation, 433. — IV. Reformulation: the local category consists mainly of services and retail prices, 436; merchandise at wholesale is international, 437; regional prices structurally related, 442. — V. Practical applications: farm relief, 452; export combinations, 453; tariff and monetary problems, 455. — VI. Regional prices of international goods: as affected by foreign exchange, 456; by movement of specie or changes in purchasing power, 457; a possible reconciliation with orthodox theory, 458; price stabilization through credit policies of central banks, 459.

Introduction, 1. — I. Definition of terms, 2. — II. Reactions to a falsified good: (1) the genuine is displaced, 8; (2) both remain in use, 11; (3) the falsified disappears, 13; (4) the demand for both falls, 13; (5) the demand for both increases, 16. — Importance of knowledge, 17. — III. Effect of conditions of production, 20; of elasticity of supply, 21. — IV. Effect of legal enactments: labelling, 23; grading, 25. — V. Effect upon the national economy and the final user, 26. — Waste, 27. — Introduction of novelties, 30. — Expense for protection, 31.