Journal Article Recent Social Trends Get access Karl W. Bigelow Karl W. Bigelow University of Buffalo Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 48, Issue 1, November 1933, Pages 150–170, https://doi.org/10.2307/1884800 Published: 01 November 1933

Journal Article The Literature of the Crisis Get access Myron W. Watkins Myron W. Watkins New York University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 47, Issue 3, May 1933, Pages 504–532, https://doi.org/10.2307/1883983 Published: 01 May 1933

Journal Article The Theory of Railway Rates Once More Get access F. W. Taussig F. W. Taussig Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 47, Issue 2, February 1933, Pages 337–342, https://doi.org/10.2307/1883691 Published: 01 February 1933

Sources and nature of the data used. The extent of the ground covered, 3.— Numerical comparisons for U. S. (1925) and U. K. (1924), 6. — Arrangement of data for comparison, 7. — Relative importance of chief industrial groups in the two countries, 10.— Variations in net outputs (and in aggregate wages) in relation to numbers occupied, 14.— Some explanations suggested, 15.— Contrast between the U. S. averages and the U. K. 16.—Question whether the larger U. S. figures should be interpreted in terms of higher prices or of greater volume of output, illustrated from various trades, 17.—Differences appear to reflect mainly volume of output, 25.— Movements between the years 1907 and 1924 of the British inquiries considered in relation to U. S. data for 1909 and 1925, 26.— Extension of this comparison to 1930 (U. K.) and 1929 (U. S.), 33.— Differences in time of the inquiries sufficient to account for the major part of the changes in the measure of relative magnitude of output per head, 34.— Some concluding reflections, 37.

Purposes of the investigation, 414. — Description of the data, 416. — Importance of the consolidated returns, 419. — Profit ratios: divisions, 433. — Profit ratios: manufacture groups, 439. — Rate of profit on gross sales, 443. — General conclusion, 445.

Introduction, 39. — I. A simplified case; basic relations and equations, 39.— II. "Circular velocity" and "velocity of circulation, " 43. — III. The value of working capital, 47. — IV. The required stock of money; determinants of its circular velocity, 58. — V. Producers' goods and "equilibrium"; pure services; government finance, 67.— VI. Summary; available statistics, 72.

I. Suffocation by analytical definition, 377. — II. Rationality and the Individualist Exchange Economy, 387. — III. Scientific Precision and "the" Stationary State, 391. — IV. Pseudo-Positivism and the doctrine of "the logical gap, " 401. — V. The Mecca of twentieth century economics, 408. "… One day in looking over his books he discovered a remarkable law. For every item on the credit side an equal item appeared somewhere else on the debit side. ‘Ha!’ said the Bursar, ‘I have discovered one of the great laws controlling the college. It is a perfect and exact law of the real world. Credit must be called plus and debit minus; and so we have the law of conservation of £.s.d. This is the true way to find out things, and there is no limit to what may ultimately be discovered by this scientific method. I will pay no more heed to the superstitions held by some of the Fellows as to a beneficent spirit called the King or evil spirits called the University Commissioners. I have only to go on in this way and I shall succeed in understanding why prices are always going up.’" The Nature of the Physical World.