Knowledge that Transforms

To make high-quality research more accessible and easier to explore.

Fields:

Industrial Combination and the Standardization of Production

Journal of Political Economy 1919 27(2), 95-104 open access
A profusion of styles and brands of goods was one of the characteristics of pre-war individualism. The American manufacturer did not force American consumers to lie in an iron bed of Procrustes of standard dimension, but he furnished them with iron, brass, and wooden beds of manifold sizes and designs. American producers did not prescribe an unvarying color scheme, for the American householder could choose among more than one hundred shades of house paint. The variety of design in ordinary articles gave full opportunity for the satisfaction of the most fastidious tastes; the discriminating judge of chairs had 5i8 patterns of piano stools and a countless legion of ordinary chairs from which to make his choice; the connoisseur of plows and cultivators could undoubtedly find the style dictated by his own individualistic notions from the varied assortment displayed by the agricultural implement dealers; and anyone who was particular about the appearance of the interior of his house could spend his lifetime in examining samples of wall paper. From the cradle to the grave, from the many varieties of cribs and baby carriages to the profusion of styles in burial shrouds and coffins, the American consumer has been unrestricted in his choice. Lack of standardization is found chiefly in manufactured products, where variety can be introduced at the whim of the manufacturer. Definite grades have been established for the basic raw materials like wheat, cotton, wool, lumber, coal, and iron, where style and appearance are not important, and where the commodity is evaluated by physical and mechanical tests. As the raw material emerges into the field of finished products, however, it breaks up into many brands differentiated from each other by the intangible and aesthetic qualities of shape, color, and design, which cannot often be reduced to a single mechanical standard. It is true that standard bolts and screws are used in the manufacture

Railroad Valuation by the Interstate Commerce Commission

Quarterly Journal of Economics 1919 34(1), 22
Introduction: Progress of the Interstate Commerce Commission Valuations, 22. — I. The Commission's Reproduction Hypothesis, 25. — The reproduction program, 26. — Topographical conditions, 31. — Contingencies, 34. — II. Cost of Reproduction, 37. — Organization of the work, 39. — Basis of the inventory, 40. — Estimates and errors, 41. — Unit prices, 44. — Commission procedure, 47. — Expert testimony, 47. — "Overhead charges, " 48. — Interest during construction, 52. — III. Depreciation, 54. — Second hand materials, 55. — Obsolescence or "functional depreciation, " 55. — Observation and estimate, 57. — Deferred maintenance as depreciation, 60. — Capacity for service, 62. — Maintenance as investment, 64. — IV. Land, 67. — Present value of land, 68. — Commission procedure, 69. — Texas Midland controversy, 70. — Land valuation and condemnation practice, 75. — Hypothetical cost of reacquiring land, 78. — Minnesota Rate cases on land valuation, 79. — "Railway value, " 81. — Value and cost, 83. — The unearned increment, earnings and value, 85.

A Nobel Prize in Economics

Quarterly Journal of Economics 1919 33(4), 737
A Nobel Prize in Economics Get access The Quarterly Journal of Economics, Volume 33, Issue 4, August 1919, Page 737, https://doi.org/10.2307/1885283 Published: 01 August 1919

Another Reason Why War Prices are High Prices

Quarterly Journal of Economics 1919 33(4), 729
Journal Article Another Reason Why War Prices are High Prices Get access G. O. Virtue G. O. Virtue University of Nebraska Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 33, Issue 4, August 1919, Pages 729–733, https://doi.org/10.2307/1885281 Published: 01 August 1919

An Eminent Economist Confused: A Rejoinder

Quarterly Journal of Economics 1919 33(3), 570
A Rejoinder T. N. Carver T. N. Carver Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 33, Issue 3, May 1919, Pages 570–571, https://doi.org/10.2307/1885953 Published: 01 May 1919

International Trade and Prices

Quarterly Journal of Economics 1919 33(2), 368
Journal Article International Trade and Prices Get access J. E. Norton J. E. Norton Cambridge, England Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 33, Issue 2, February 1919, Pages 368–373, https://doi.org/10.2307/1884739 Published: 01 February 1919

An Eminent Economist Confused: A Re-Rejoinder

Quarterly Journal of Economics 1919 33(3), 571
A Re-Rejoinder Get access H. G. Brown H. G. Brown Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 33, Issue 3, May 1919, Pages 571–572, https://doi.org/10.2307/1885954 Published: 01 May 1919