I. Scope of the paper, 397. — The credit market, 397. — Model A, 400. — Model B, 403. — Model C, 403. — Model D, 404. — Income lags, 405. — Ex-ante and ex-post concepts, 406. — The determinants of active savings, 409. — The determinants of depreciation allowances, 411. —The determinants of credit creation, 412, — Purchase and sale of securities, 412. — The demand side: new investment, 413; reinvestment, 414; cash holdings, 415. — Length of the elementary period, 417. — Keynes on the classical authors: savings, 418; net flow and gross flow, 420. — II. The markets for long and short credits, 423. — The demand for short credits, 424. — The supply of short credits, 425. — The demand for long credits, 426. — The supply of long credits, 426. — The cychcal behavior of interest rates, 427. — Interest rates in the principal countries: differences in level, 432; characteristics of movements, 432. — Econometric analysis, 433. — Interest rates and the price level, 434. — Physical determinants of the interest rate, 436. — Explaining the cyclical movement of interest rates, 437.

Journal Article Stuart Wood and the Marginal Productivity Theory Get access George J. Stigler George J. Stigler Columbia University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 61, Issue 4, August 1947, Pages 640–649, https://doi.org/10.2307/1885053 Published: 01 August 1947

I. The trend toward plans: Gompers' attitude, 64; reasons for late development, 65; growth of current plans, 68. — II. Structure and characteristics of the plans: number in operation, 72; neglect of actuarial considerations, 73; methods of financing, 75; types of administration, 77; benefits and coverage, 80. — III. Implications and prospects: their function as stopgaps, 86; influence of union bargaining power and industrial stability, 87; relation to more comprehensive programs, 93.

Scope of the study, 143. — The sources, 143. — The individual price series, 145. — The Indexes, 150. — Comparison with British prices, 152. — Analysis of divergences, 156.