Knowledge that Transforms

The evolution of machinery, 256. — Commodity prices and money wages, 257. — Real wages, 260. — Profit inflation, 262. — The utilization of mechanical inventions, 263. — Capital formation and the factory system, 264. — Real wages and the market, 267. — Comparisons with other countries and periods: Spain, 267. — France, 270. — The Price Revolution, 270. — Conclusions, 272.

Three elements in price theory, 560. — Shortcomings of contemporary price theory: the Robinsonian theory, 562; the Chamberlinian theory, 565. — Neglected market characteristics, 568. — Suggested classification of markets, 569. — Comment on such classifications, 572. — Suggested lines of development, 574.

Journal Article The Classification of Market Positions: Comment Get access Sidney Weintraub Sidney Weintraub St. John's University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 56, Issue 4, August 1942, Pages 666–673, https://doi.org/10.2307/1883416 Published: 01 August 1942

I. Marshall's treatment of space, 627. — II. Assumptions, 628. — Six cases distinguished, 629. — Comment on these cases, 633. — III. Preliminary assumptions sometimes determine conclusions of economic analysis: Chamberlin on rent, 635. — Conclusions, 637.

The problem: the effect of assuming discrete markets rather than a continuous market, 212. — I. A simplified case, 213. — Results as seller A lowers his price, 215. — II. The f.o.b. prices which the sellers will set, 218. — Hotelling's diagram, 218. — A more complicated version, 219. — "Normal" equilibrium, 223. — III. No reason for assuming that any equilibrium will be attained, 225. — Assuming that sellers do not take their rivals' prices as given, 226. — IV. Conclusions: here the precise pattern of traditional duopoly analysis is not obtained, 228; possible equilibrium at the bare level of marginal costs, 229; application to other forms of discontinuous product differentiation, 230.

Present status of the concept of unemployment, 1. — Willingness to work: gross and net unemployment, 7; statistical indications for 1940, 11. — Employability: marginal employables, 13; legal unemployables, 14; cumulative unemployment, 15; institutional unemployables, 18. — Suppressed unemployment: part-time unemployment of wage workers, 19; part-time unemployment of non-wage earners, 20; unproductive employment, 20; statistical estimates, 21. — Summary of statistical approximations, 25. — Recommendations for improving current estimates, 27. — Conclusion, 28.

The problem, 113. — Definitions and assumptions, 114. — The Keynesian method: the upper limit, 115; the speed, 119; the influence of exogenous factors, 120. — The Tinbergian method: the question of limit, 121; of speed, 125. — Numerical example, 126. — Conclusion, 127.

Introduction, 90. — I. Innovations in transport technology and geographic location, 91. — Effect upon population movements, 93. — Upon building, 93.— The timing of innovations in transportation, 94. — Influence of rate structures, 95. — Effects upon consumer behavior, 96. — Influence of monetary conditions, 97. — II. Character of the statistical data, 98. — Six cycles in building and in transport development revealed, 101. —III. The impact of transport development upon building in Ohicago, 107. — IV. Implications for future transport developments and building booms, 111.

Scope of the paper, 575. — Negative multipliers, 576. — Level and growth of income in relation to level and growth of investment, 577. — Reaction of expenditure on revenue, 581. — Financial implications of deficits, 587.— Tertiary effects upon private investment, 595. — Public works vs. other expenditures, 599. — The multiplier and velocity approaches, 601. — Conclusion, 605.

The problem, 274. — Subjective risk, 275. — Subjective uncertainty, 280. — Graphical illustrations, 281. — Methodological considerations, 301. — Empirical verification, 302. — Relation to welfare economics and economic policy, 305.