Journal Article The Pasinetti Paradox Revisited Get access B. J. Moore B. J. Moore Wesleyan University Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 41, Issue 2, April 1974, Pages 297–299, https://doi.org/10.2307/2296719 Published: 01 April 1974

Journal Article Economies of Scale: Some Statistical Evidence: Reply Get access Frederick T. Moore Frederick T. Moore The RAND Corporation, Washington, D.C. Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 74, Issue 3, August 1960, Pages 497–499, https://doi.org/10.2307/1883064 Published: 01 August 1960

I. Statement of the problem, 232. — II. The evidence from some previous studies, 233. — III. The “.6 factor” rule and its application, 234. — IV. Specific evidence in a selection of metal processing and chemical industries, 236. — V. Studies of selected mineral industries, 239. — VI. Conclusions, 242.

Simple and complex demand functions, 587. — An index number of oscillations of most probable prices, 591. — Price oscillations in relation to partial flexibilities of prices, 592. — A clue to periodic oscillations or cycles, 593. — Conclusions, 594.

Introduction, 1. — Walrasian equations, 3. — Partial elasticity of demand, 9. — Partial elasticity of supply, 15. — Coefficients of production, 17. — A moving general equilibrium, 23. — Economic oscillations, 26. — Conclusions, 28.

Elasticity of demand and flexibility of prices, 394. — Equations to simple demand curves, 395. — Partial flexibility of prices, and partial elasticity of demand, 396. — Equations to demand functions revealing the partial elasticities and partial flexibilities, 398. — Conclusions, 400.

Elasticity of demand and flexibility of prices. — Relative cost of production and relative efficiency of organization, 359. — Laws of relative cost and relative return as contrasted with laws of cost and laws of return, 360. — Typical equations to the law of supply, 364. — The statistical derivation of the law of supply, 367. — A moving equilibrium of demand and supply, 368.

The major features of economic cycles are traceable to three primary laws: (1) the law of the generating cycle of raw materials, which is due to a non-economic cause; (2) the law of demand for raw materials, in consequence of which the generating cycle of products originates a derived cycle of prices for raw materials; and (3) the law of competitive price, according to which the prices of finished goods in an open market tend to correspond with the cost of production. Correlation of crop yields and crop prices, 218. — Generating cycles of products. 224. — The derived cycle of prices, 226. — Cycles in the products of mines, 228. — Cycles in raw materials, 231. — Concluding observations, 233.

Cycles of approximately eight years in the yield per acre of British crops have probably recurred in a continuous series during the last one hundred and sixty years. In consequence of the law of demand, these crop cycles have generated corresponding cycles in the prices of food and of organic raw materials. In conformity with the law of competitive price, the cycles in the prices of food and of raw materials should have been followed by corresponding cycles in the prices of manufactured commodities. As a matter of fact, the analysis of Sauerbeck's index numbers of general wholesale reveals real cycles of approximately eight years in which the originating, generating crop cycles are reflected throughout the century for which the Sauerbeck index numbers have been computed. The principal results of the investigation appear in the graphs of Figures 5 and 6. I. Data and method, 504. — II. An analysis of a century of prices, 508. — III. Crop cycles as generating cycles, 515.

The persistence of the eight-year generating cycle in England for one hundred and sixty years; the congruence of the eight-year crop cycles in England, France, and the United States; the persistence of the eight-year meteorological cycles, and their congruence in Europe and America; the congruence of the economic and meteorological cycles — these uniformities and agreements suggest that their cause must be sought in a cosmical cycle. The probable cause is the planet Venus in its eight-yearly periodic motion with respect to the Earth and the Sun. I. Economic cycles, 2. — II. Meteorological cycles, 8. — III. The cause of the eight-year generating cycle, 18.