Knowledge that Transforms

Journal Article Dr. Klein's Interpretation of Leontief's System—A Rejoinder Get access Michio Morishima Michio Morishima Oxford Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 25, Issue 1, October 1957, Pages 59–61, https://doi.org/10.2307/2296124 Published: 01 October 1957

Journal Article The Falling Rate of Profit In Marxian Economics Get access H. D. Dickinson H. D. Dickinson University of Bristol Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 24, Issue 2, February 1957, Pages 120–130, https://doi.org/10.2307/2295765 Published: 01 February 1957

Journal Article Notes on the Theory of Stability of Multiple Exchange Get access Michio Morishima Michio Morishima Oxford Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 24, Issue 3, June 1957, Pages 203–208, https://doi.org/10.2307/2296070 Published: 01 June 1957

Journal Article A Dynamic Approach to the Theory of Consumer Demand Get access J. S. Cramer J. S. Cramer Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 24, Issue 2, February 1957, Pages 73–86, https://doi.org/10.2307/2295761 Published: 01 February 1957

Journal Article Mr. Gehrels on Customs Unions Get access Richard G. Lipsey Richard G. Lipsey London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 24, Issue 3, June 1957, Pages 211–214, https://doi.org/10.2307/2296072 Published: 01 June 1957

Journal Article Professor Hicks' Index Number Theorem Get access R. L. Marris R. L. Marris Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 25, Issue 1, October 1957, Pages 25–40, https://doi.org/10.2307/2296119 Published: 01 October 1957

Journal Article Mr Kaldor on Taxation and Risk Bearing Get access E. Cary Brown E. Cary Brown Cambridge, Massachusetts Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 25, Issue 1, October 1957, Pages 49–52, https://doi.org/10.2307/2296121 Published: 01 October 1957

Journal Article Stamp Duties as a Capital Gains Tax: a Reply Get access Charles Kennedy Charles Kennedy Oxford Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 25, Issue 1, October 1957, Page 58, https://doi.org/10.2307/2296123 Published: 01 October 1957

In order to describe an inflationary process it is necessary to have some knowledge of how prices and wages are determined. Conventional economic theory has regarded prices (and wages) as reacting to the level of excess demand or supply in the commodity (labour) market. Investigations have shown, however, that especially in manufacturing industries prices are often determined by applying a profit margin to variable costs., Some wages are also "cost determined", as for instance, in Australia where until recently the Commonwealth basic wage was adjusted quarterly to changes in the C. Series price index. A realistic analysis of inflation processes should allow for both cost and demand influences in price and wage determination. (First paragraph of Precis.)