Journal Article Accelerated Investment as a Force in Economic Development: Reply Get access Howard S. Ellis Howard S. Ellis University of California, Berkeley Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 73, Issue 3, August 1959, Pages 502–503, https://doi.org/10.2307/1880619 Published: 01 August 1959

Introduction, 485. — L The demographic argument, 485. — II. The role of the propensity to consume and savings, 488. — III. The importance of external economies, 491. — IV. Overtones for policy of the doctrine of accelerated rates of investment, 492. — V. Conclusion, 493.

Is Group Choice a Part of Economics? Further Comment Howard S. Ellis Howard S. Ellis University of California, Berkeley Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 67, Issue 4, November 1953, Pages 609–613, https://doi.org/10.2307/1883606 Published: 01 November 1953

Introduction: contra-quantity-theory causation with Keynes, 431. — I. Working balances and the “overlapping” of payments: description, importance, illustrative cases, effects on circuit velocity or monetary requirements, 433. — II. Working balances and differentiation: behavior of circuit and transactions velocity, 446. — III. Real balances in the active circulation: relations of circuit and transactions velocity with real balances, 450. — IV. Idle balances or hoards: the Keynes-Robertson debate on losses and hoarding, the basic character of hoards, 457. — V. Division of money stock into working and idle balances, its connection with causation, Harrod's representation of Keynes, actual causation with Keynes, conclusion, 461.

A model of a single-commodity, closed economy is constructed in which the commodity price is fixed and its market clears by quantity adjustment. The distinctive feature is that the real wage and employment are determined by bargaining between unions, representing workers and firms. There are several possible regimes, some with labor hoarding. The effects of changes in autonomous spending and the reservation wage on the endogenous variables of the model, including employment and the real wage are discussed. Some interesting possibilities emerge for the cyclical movement of productivity and the real wage.