Robert J. Monroe, James S. Trieschmann, Portfolio Performance of Property-Liability Insurance Companies, The Journal of Financial and Quantitative Analysis, Vol. 7, No. 2, Supplement: Outlook for the Securities Industry (Mar., 1972), pp. 1595-1611

Holmes' comment was addressed to Dr. Watson who had just expressed astonishment that Holmes was ignorant of the Copernican theory of the solar system. In truth, Holmes' reply to Watson expressed my exact sentiments after reading Ronen's review. Why? Because I found that I would have to answer the following question in the negative after almost every point he made: Would I do anything differently in view of what Ronen has stated?

S. W. Black, H. H. Kelejian; The Formulation of the Dependent Variable in the Wage Equation1, The Review of Economic Studies, Volume 39, Issue 1, 1 January 1972

We do not have any quarrel with the statistical analysis in Kinney's note. In our first paper on this subject, we acknowledged that an auditor may sample high-valued items because of their normal association with high variance.' Similarly, sampling from a high error rate category may be explained as contributing to representative sampling because of the higher degree of contribution in reducing the error of estimate. Finally, random sampling is consistent with the auditor wishing to make statistically valid statements about the population from which a sample is chosen. Our papers,2 however, attempted to point out that there may be nonstatistical reasons which also explain the above set of auditors' behavior; i.e., auditors may sample high-valued items to cover as much of the total dollar value in the population as possible (protective sampling); they may sample high error rate categories to correct as many items as possible; and they may use random sampling to create a greater degree of uncertainty as to the scope of future audits to deter potential errors in the future (preventive sampling).

Journal Article Wealth Effects on Consumption in a Modified Life-Cycle Model Get access A. S. Deaton A. S. Deaton Department of Applied Economics, Cambridge Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 39, Issue 4, September 1972, Pages 443–453, https://doi.org/10.2307/2296512 Published: 01 September 1972

Abstract Reviews the book "Frontiers of Financial Management," by William J. Serraino, Surendra S. Singhvi and Robert M. Soldofsky.

Abstract Reviews the book "Accounting Measurements for Financial Reports," by William J. Vatter.

Abstract In this article economist Werner Sombart attempts to trace several causal factors which led eventually to the emergence of a capitalist civilization. The essential features are the profit motive and rationality; an exchange economy, in which the material requirements of several trades are satisfied by free exchanges of equivalent goods or money, may be either artisanal or capitalistic. Sombart takes as his point of departure a precapitalistic feudal society in early medieval Europe when a sufficiency for existence was the goal of every man. The spirit of enterprise manifests itself in personalities like the "freebooter," the "speculator" and the "projector" who rely on robbery of economic surpluses created by others to form the capital necessary for their undertakings. Sombart was undistinguished as a forecaster. Writing shortly before World War I he predicted an end to large-scale wars, a declining world population and the impending disappearance of capitalism. Besides a defective telescopic vision, however, he also displayed attenuated historical perspective, attributable in some measure to the paucity of source material then at his disposal.

I. Ad valorem tax, 684. — II. Unit tax, 685.