Knowledge that Transforms

Journal Article A Crisis in Deposit Guaranty in the State of Washington Get access Howard H. Preston Howard H. Preston University of Washington, Seattle, Washington Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 36, Issue 2, February 1922, Pages 350–356, https://doi.org/10.2307/1883487 Published: 01 February 1922

Moore's Work in Cycles: A Review Get access Philip Green Wright Philip Green Wright U. S. Tariff Commission, Washington, D. C. Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 36, Issue 4, August 1922, Pages 691–704, https://doi.org/10.2307/1884758 Published: 01 August 1922

Value theory moribund today, 198. — Renascence of value theory probable, 199. — Cassel's proposal, 200. — Future trend of price theory, 201. — Types of pecuniary values other than price, 203. — Actuarial valuation, 204. — Valuation under right of eminent domain, 207. — Valuation for purposes of rate-making, 208. — These valuations not special cases of price, 209. — Institutional nature of pecuniary valuation, 212. — The market has no monopoly of jfield of value, 217. — All valuation purposive, 219.

Introduction. Relative importance of communism in the economic life of the Mormons. I. Historical background, 135. — Physiographical conditions in Jackson County, Missouri, 137. — The Mormon social body, 137. — II. Joseph Smith's first outline of the United Order. Characteristics of his project, 139. — The first attempt at Independence, 146. — The Mormon "deeds, " 147. — Reasons for first failure, 151. — Comparison of the order with contemporaneous communities, 152. — III. The order elsewhere in Missouri, Ohio, and Illinois, 155. — IV. The order in Utah, 156. — Influence of Brigham Young, 158. — His efforts to establish communism, 159. — Outstanding attributes, 162. — History of the Utah plan, 164. — Orderville, 165. — V. Conclusion. Causes of failure, 171. — Hope of future revival, 173.

I. The greenback currency period affords a favorable opportunity for a statistical investigation of international trade under depreciated paper. — This investigation to be correlated with recently advanced theory, 221. — II. The international account of the United States from 1862 to 1879, 230. — III. Contrast of changes in the value of gold in the United States with contemporaneous changes in foreign countries, 235. — Dependence of these changes on international loans, 241. — IV. Fluctuations in the merchandise balance and the relation of these to loans and the value of gold, 245. — V. Comparative prices of export, import and domestic commodities and their relation to fluctuations in the value of gold, 249. — Contrast with English prices, 258. — VI. Comparison of wages in industries affected by movements in the value of gold with those unaffected by such movements, 265. — VII. Conclusion, 272.

I. Overcrowding of the land, 170. — Importance of agricultural problem of eastern Europe. Density of population. Large proportion of rural population; its high density. Low yields. Per capita grain production. II. Consequences as to standard of living and food supply, 174. — Predominantly vegetable diet. Small surplus after supplying wants of producer. Live stock. Prewar grain exports. Reduction of food output during war; continuation of similar causes after war. Widespread food shortage. The Russian famine. III. Prospects for recovery, 180. — Conditions favoring recovery. Importance of political conditions. Increased crops of 1921 except in Russia; exports of food; effect on currency exchange. Probably slower recovery of Russia. IV. Prospect for progress in peasant agriculture, 183. — Vicious circle of overcrowding, poverty, ignorance. Effects of overcrowding on agricultural methods. Shallow plowing. Unsatisfactory crop rotation. Scattered holdings — their explanation and consequences. Mir system. Beneficial effects of democracy. Rapid progress improbable. V. The large estates, 190. — Large-scale operation. Superior efficiency. Polish estates. Agrarian reform — division of estates. Direct gain to peasant overestimated. Measures already taken. Ultimate effects, especially on peasant psychology.

The tariff act of 1913 inconclusive as an experiment, 2. — Two factors important in 1922: war feeling, and demand for protection from the agricultural states, 3. — History of legislation, 6. — Concessions to the agricultural element, in duties and in the free list, 7. — Wool and sugar, 9. — Some extraordinarily high duties on manufactures, 11. — Dyestuffs, 14. — Administrative provisions and American valuation, 17. — The President's discretionary powers, 19. — How serviceable did the Tariff Commission prove? 22. — General administrative provisions, 24. — Conclusion, 26.

I. Introductory, 360. — The purchasing-power-parity doctrine; objections to it, 361. — II. The foreign exchange markets, 364. — General method; basic assumptions, 367. — The principal media of international payment, 368. — Mechanism of the exchange market; equilibrium tendencies, 369. — The formula for media of payment; for the exchange rate, 376. — The short-run par of exchange under paper, 379. — III. The commodity markets, 383. — The relations between prices of media of payment and of commodities, 385. — The formula for exports and imports; nature of the equilibrium tendencies, 389. — Changes in the volume of commodity movements, 392. — Mechanism of the exchange and commodity markets in a specific case of disturbance, 394. — Summary of results to this point, 398. — IV. Long-run aspects, 399. — Long-run results of the specific disturbance previously examined, 400. — Relations between domestic and international prices, 404. — The business cycle, 408. — The paper par of exchange, 410. — Conclusion, 411.

I. Present disagreement on analysis of mine royalties, 290. — Ricardo's analysis, 291. — Modern writers: Taussig, Marshall, 292. — Limitation of Ricardian theory to settled countries and established industries, 293. — Rent of mineral land and agricultural land distinguished, 294. — Analysis of royalties in practice, 296. — II. Proof of the theory. Differences in royalties due to quality of coal, 297; to date of lease, location, fertility of mines, 299. — Relation of thickness to value of seam, 300. — The no-rent mine, 301. — Mine royalties in France, England, the United States, 302. — Graphic representation, 308. — Extensive and intensive margins; diminishing returns, 311. — III. Nationalization. Possible division of royalties if mines are purchased; if confiscated, 312. — Possible results under government operation, under lease to private operators, under free mining, 313. — Effect of nationalization on price of coal; on wages, 314. — Conclusion, 317.