Monopolistic Competition and the Stability Conditions Get access M. W. Reder M. W. Reder Chicago, Illinois, U.S.A. Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 8, Issue 2, February 1941, Pages 122–125, https://doi.org/10.2307/2967469 Published: 01 February 1941

Journal Article De-Rationing in the U.S.S.R. Get access E. M. Chossudowsky E. M. Chossudowsky Glasgow Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 9, Issue 1, November 1941, Pages 1–27, https://doi.org/10.2307/2967635 Published: 01 November 1941

Journal Article Rationing in the U.S.S.R. Get access E. M. Chossudowsky E. M. Chossudowsky Glasgow Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 8, Issue 3, June 1941, Pages 143–165, https://doi.org/10.2307/2967599 Published: 01 June 1941

Introduction: the problem, 239. — I. Data and methods used, 240.— The findings: for groups of industries, 244; for specific industries, 244; for different periods, 245. — Evidence from comparisons of a less formal sort, 246. — II. Calculations based upon indices of man-hour output not precise, 247. — III. Errors due to failure to distinguish between directly and indirectly productive labor, 249. — IV. Summary of conclusions, 252.

Journal Article Invariable Classical Stability of Entrepreneurial Demand and Supply Functions Get access Louis M. Court Louis M. Court The University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 56, Issue 1_Part_1, November 1941, Pages 134–144, https://doi.org/10.2307/1883033 Published: 01 November 1941

Situation before the publication of Keynes' General Theory, 488.— New controversial issues, 488.— I. Rates of return on economic resources: securities, 490; cash, 492; production, 493; consumption, 494.— Nature of the rates of return, 495.—II. Fundamentals of economic behavior: individuals, 496; firms, 496; banks, 497; governments, 498.— Significance of an arbitrary monetary policy, 498.— III. The theory of interest: the marginal productivity theory, 500; the time-preference theory, 501; the liquidity-preference theory, 503; the loanable-funds theory, 505. — Validity of the theories of interest, 506.

1. Deference to the reader calls for a blueprint of the article's contents. Its contributions are of two distinct varieties. The first and prime contribution consists in the extension of existing analyses for finite numbers of commodities to the case of infinitely many. Hotelling and others have emphasized the desirability of stating the results of entrepreneurial and consumer demand theories for infinite numbers of goods. Apart from its utility in treating commodity groups embracing large, though not necessarily infinite, numbers of items, the economic properties of which shade from one member to the next, the extension is stamped with true intellectual concinnity. The finite theories are contained, as very special cases, in the infinite analyses. A more distinctly economic flavor breathes from the second species of offering. It includes propositions and economic tools novel even to the finite analyses. The theorem that an entrepreneur's derived demand functions for factors of production are stable in the sense of Hicks' extension of the classical definition is an example.' Evolution of the inverse utility function (more properly functional), described in ?2, is another. Unlike its counterpart, the inverse utility function is a function of prices. Economically, it is the negative of the maximum utility attainable by the consumer, income specified, when a stated price regime prevails in the competitive market. Noteworthy operational properties characterize the inverse utility function. Designate the consumer's budgetary limitation, prices constant and quantities varying, direct. Term it inverse when quantities remain constant and prices vary. Maximization of the utility function subject to the direct budgetary limitation results in individual consumer demand functions. Maxi-