Everett C. Hughes, Non-Economic Aspects of Academic Morale, The Review of Economics and Statistics, Vol. 42, No. 3, Part 2. Higher Education in the United States: The Economic Problems (Aug., 1960), pp. 118-121

Journal Article Dealer-Manufacturer Relationship in the Automobile Industry: Reply Get access Anthony Y. C. Koo Anthony Y. C. Koo Michigan State University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 74, Issue 2, May 1960, Pages 333–337, https://doi.org/10.2307/1884260 Published: 01 May 1960

T HE study of the credit system is, traditionally, an important part of economic discipline. It is the purpose of this paper to introduce a new method, the method of the linear graph, for the study of this time-honored subject. Ostensibly, the contribution of this paper is pedagogical. However, this method enables us to identify and classify all transactions from properly constructed economic models of credit structures. Since all the operations of a credit system are formed of transactions, it is hoped that an axiomatic approach, which is conspicuous by its absence in the study of money and banking, can be initiated through this approach. In order to do this, certain elementary mathematical concepts of the linear graph must be introduced. For this reason, we shall proceed informally and omit all proofs in our presentation. However, the applicability of the mathematical theory of linear graph to the study of money and banking problems is by no mean limited to the elementary mathematical knowledge contained in the text. It is hoped that the method initiated in this paper can be further developed to yield more fruitful results in economic analysis. This is illustrated in the appendix by some examples of economic analysis using non-trivial theorems of linear graph. The text of this paper, however, can be read by readers with no mathematical background in linear graph theory.

Reviews the book "Practical Business Statistics," by Frederick E. Croxton and Dudley J. Cowden.

Reviews the book "Accounting for Oil and Gas Producers," by C. Aubrey Smith and Horace R. Brock.

Abstract Accountants have an obligation to explore all possibilities for the most useful methods of accounting for depreciation. Accounting literature has been filled with treatises on the pros and cons of depreciation based on historical cost as opposed to depreciation adjusted by one of the many methods recommended. The present position of the U.S. Supreme Court on depreciation accounting and the historical development of its thinking provide needed background for much of the discussion that is being conducted on the important depreciation question. The Supreme Court has accepted original cost to the owner as an appropriate basis for the determination of income and for the calculation of depreciation charges. In accepting this generalization, however, diversity of opinions in dividend cases must be kept in mind. One must also recognize that the Court will not disturb the findings of the various Commissions. The Commissions are at present firmly committed to a cost basis but should they change, it appears not unlikely that the courts will approve other bases so long as they do not appear to be confiscatory.

Reviews the book "Investing for a Successful Future," by Thomas E. Babson and David L. Babson .

Reviews the book "Common Stocks and Business Cycles," by Edgar Lawrence Smith.