Knowledge that Transforms

Scope of the study, 118. — Importance of the agreements: comparison with prewar Central European bilateralism, 119; countries and share of trade involved, 120. — Functional description of the agreements: financing current transactions, 123; short-term credit provisions, 127; special arrangements, 129; provisions for expansion to other areas, 130. — Relation to a multilateral system: definition, 132; objections to bilateralism, 133; relation to the Bretton Woods system, 137. — Conclusions, 141.

Beginnings, 471. — Turkey, 473. — Egypt, 476. — Iraq, 479. — Mandated territories: Syria and Lebanon, 480, Palestine, 484. — Developments during the war: Turkey, 488; Egypt, 490; Palestine, 491; Iraq, 492; Syria and Lebanon, 493. — Postwar problems: favorable factors, 494; the question of prices, 495; productivity, 495; frozen "war balances, " 496; other problems, 498. — The present outlook, 499.

Journal Article Note on the Allocation of Output Get access Don Patinkin Don Patinkin University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 61, Issue 4, August 1947, Pages 651–657, https://doi.org/10.2307/1885055 Published: 01 August 1947

I. British postwar problems of adjustment, 368. — Possible avenues of escape from lower living standards, 372. — II. The government's double mandate, 374. — Comparison with the current American situation, 376. — Prospective capital shortage, 377. — III. Basic needs, 381. — Conflicting objectives, 383. — Resulting dangers: effect on exports, 386; on business incentives and voluntary savmgs, 388. — New outlooks, 390. — IV. The dilemma in terms of the balance of payments, 392. — Compromises inevitable, 393. — Conclusion, 395.

I. The problem: the effect of consumer attachments upon competitive equilibrium, 31. — Definitions and assumptions, 32. — II. The Chamberlinian theory as a limiting case, 34. — Buyer attachments, 36. — Asymmetry in the relation of a price increase to a price decrease, 39. — Modification of the homogeneity requirement, 42. — III. Cross elasticities, 42. — Extra-marginal buyers, 46. — IV. Equilibrium at minimum cost, 50. — V. Can product differentiation be maintained in the long run? 54. — VI. The definition of a "perfect market, " 59. — Free entry, 60. — VII. Results and implications, 61.

I. The rôle of small-scale industry: the prewar situation, 578; productivity, 582; trends, 584; war-time changes, 586; the social context, 592. — II. Prospects for large-scale industry: effect of air raids, 593; occupation policies, 593; other unfavorable factors, 594; the textile industry, 596. — III. Prospects for small-scale industry: advantages of small-scale plants, 597; obstacles to survival, 599. — IV. Implications: absorption of labor, 601; development of a strong middle class, 602; needed reforms, 602; the labor movement, 603; occupation policies, 603.

Scope of the study, 143. — The sources, 143. — The individual price series, 145. — The Indexes, 150. — Comparison with British prices, 152. — Analysis of divergences, 156.

Journal Article Stuart Wood and the Marginal Productivity Theory Get access George J. Stigler George J. Stigler Columbia University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 61, Issue 4, August 1947, Pages 640–649, https://doi.org/10.2307/1885053 Published: 01 August 1947

I. Introduction: the problems, 285. — II. The assumptions, 286. — III. Symbolic version, 289. — IV. Graphic presentation, 293. — V. The case of a tariff, 294. — VI. Analysis in terms of money flows, 301. — VII. Comparison with self-help schemes for the unemployed, 302. — VIII. The reasoning applied to two cases: exchange depreciation, 303; a dollar shortage, 305. — IX. Conclusions, 309.

Introduction: the problem, 1. — I. Examination of statistics: absolute wage differences and the ability to compete, 4; wages and the productivity of labor, 5; relative wages and their relation to exports, 8; cheap labor groups, 14. — II. The theory of relative wages: isolating the influence of wage differences on competitive power, 16; conditions under which a comparative advantage in wages is likely to be "decisive, " 20; comparison with the doctrine of comparative costs, 25; importance of relative wages and the need for more statistics, 28.