Knowledge that Transforms

Journal Article Does the Consumer Benefit from Price Instability? Reply Get access Fredebick V. Waugh Fredebick V. Waugh War Food Administration Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 59, Issue 2, February 1945, Pages 301–303, https://doi.org/10.2307/1884831 Published: 01 February 1945

Journal Article Does the Consumer Benefit from Price Instability? Further Comment Get access Gertrud Lovasy Gertrud Lovasy Princeton, N. J. Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 59, Issue 2, February 1945, Pages 296–301, https://doi.org/10.2307/1884830 Published: 01 February 1945

Experience after the first World War, 113. — I. Two helpful new concepts: general equilibrium, 115; price disparity, 116. — II. The Belgian devaluation of 1935: the problem posed, 117; the index of price disparity, 118; internal disequilibrium, 122; choice of the new rate, 123. — III. The price-disparity approach, 124. — Significance of cost-of-living index, 125. — Alternative measures of price disparity, 127. — A more sensitive index needed, 127. — Problems of comparability, 128. — Key-country indices, 129. — IV. Comparison with purchasing power parity, 131. — Definition of the equilibrium rate, 132. — Relation to state controls, 134. — Conclusion, 135.

Journal Article Consumption in Fixed Proportion Get access Edwin B. Wilson Edwin B. Wilson Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 59, Issue 4, August 1945, Pages 635–639, https://doi.org/10.2307/1883300 Published: 01 August 1945

Introduction: scope and plan, 427. — I. Oost estimates for the present old-age and survivors insurance program without change: provisions of the program, 429; the high and low assumptions, 430; the estimates, 431. — II. Cost estimates for the old-age and survivors insurance program with assumed changes: the changes considered, 436; change in lump-sum benefit payments, 437; in benefit payments to parents, 438; in minimum monthly benefit limitation, 439; in maximum monthly benefit limitation, 440; in age of eligibility for women, 442; provision of disability benefits, 442; extension of coverage, 443. — Summary of estimates, 450. — Conclusion, 450.

Value theory and the theory of economic change, 185. — I. Preoccupation with static systems and with equilibrium, 186. — II. Assumptions of value theory lead to difficulties, 187. — Instantaneous analysis, 189. — Probability approach, 190. — Mechanism of change excluded, 192. — III. Expectations, 193. — Deriving welfare propositions, 194. — Analogy in quantum physics, 197. — The question of units, 198. — IV. Developing a theory of economic change: micro-economic vs. macro-economic conditions, 199; selection of relevant parameters, 199; projection of past performance of parameters, 200; cumulative change, 202. — Conclusions, 203.

Introduction: experimental determination of a theoretical production function, 543. — Imperfect markets and disequilibrium situations, 546. — Delayed adjustments, 548. — Other reasons why actual observations will not show adjustments envisaged by static equilibrium theory, 548. — Functions based upon short-run adjustments, 549. — Transitions, 550. — Time-series and cross-section studies, 551. — Homogeneity, 552. — The data as measurements: industries vs. firms, 553; factors of production, 553; capital, 554; depreciation, 556; sampling, 560. — Conclusion, 562.

Three logical possibilities as to what an entrepreneur should maximize: the internal rate of return, total profits, rate of profit over cost, 56. — I. The use of these criteria in the literature on the theory of capital and interest, 57. — II. The case of tree-growing: the internal rate of return, 63; total profits, 66; choice between them when a market rate of interest exists, 68; when no market rate exists, 70. — III. Total profits vs. rate of profit over cost, 71. — Where entrepreneur's funds are not limited, 75. — Financing by stock and by debts, 76.

I. Impact of transport technology upon the United States economy, 145. — II. Costs of air transport, 149. — The rôle of aircraft in the future transport web, 153. — Private aircraft, 156. — Cargo movement, 157. — III. Implications of the foregoing: urban-metropolitan patterns, 161; investment outlets, 163; trade channels and commercial centers, 164; capital exports, 166; government aid, 166. — Appendix: the case of Brazil, 168.