Journal Article The Historical Emergence of Quantity Theory Get access Bernard W. Dempsey, S. J. Bernard W. Dempsey, S. J. St. Louis University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 50, Issue 1, November 1935, Pages 174–184, https://doi.org/10.2307/1882348 Published: 01 November 1935
Introduction, 286. — 1. Elasticity of real demand for labor in a particular occupation, 287. —2. The relation of employment in non-wage-good industries and wage-good industries, 291. — 3. Elasticity of discounting. — The effects on the rate of interest and hence on employment of changes in the wage bill that follow movements in the real rate of wages, 293. — 4. The elasticity of demand for labor over all occupations, 301. — 6. Monetary elasticity of demand for labor, 305. — 6. Factors other than money affecting the level and variations of the real demand for labor, 308. — (a) Variations in demand for durable commodities, 308. — (b) Costs of various methods of state stimulation of emplo3rment, 310. — (c) Employment and the supply of wage-goods, 311. — (d) Special problems relating to the flow of wage-goods, 313. — 7. The difference made by money, 315. — (a) Money and the real demand function for labor, 315. — (b) The removal of some assumptions, 317. — (c) An error in estimating the intervals between receipt and expenditure of income and between expenditure and subsequent reincarnation as new income, 318. — 8. Problems in the causation of unemployment, 319. — Conclusion.
Journal Article Professor Pigou's Method for Measuring Elasticities of Demand from Budgetary Data Get access Milton Friedman Milton Friedman University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 50, Issue 1, November 1935, Pages 151–163, https://doi.org/10.2307/1882346 Published: 01 November 1935
The general impression that “the trusts turned out ill,” 68.— The contrary conclusion that the proportion of success was high, 68.— I. A broad conclusion based on an examination of more than 400 companies of the 1900 era, 70.— A primary and a secondary group, 73.— The proportion of business successes above one-half, 76.— II. Earnings on capitalization of a selected sample of mergers compared with Epstein's figures, 78.— III. “Watered stock” not a prevalent phenomenon in the group, 83. — The opposite tendency recently toward undercapitalization, 84.— IV. Reasons for the success of 150 mergers, 87.— Managerial resourcefulness the principal cause, 88.— Reappraisal of the merger era necessary, 89.
I. The major defects of our present monetary and banking system, 1.— II. The 100 per cent reserve plan; Professor Fisher's formulation, 4.— III. Objectives of Fisher's plan over time: reflation and retail price stabilization, 16.— IV. Summary of main criticisms of the 100 per cent proposals, 26.— V. An alternative plan; methods and objectives, 29.
I. Socio-economic problems of rates of invention and shifts of inventive interest, 454; limitations of the use of patent statistics as indexes of the rate of invention, 455. — II. The data used, 457; analysis of the data, 458; pattern of technical change within an industry, 460. — III. Factors which account for this pattern, 464.
Altho Mr. K. E. Boulding repudiates superficial features of the "Austrian" theory of capital as a matter of a production or investment period, there is danger that his clever mathematical treatment of the single investment in terms of time may lend support to such a position. Examination of the Austrian theory; its main fallacy lies in attributing production of capital goods to "primary" factors, in ignoring organic cooperation of all productive agencies, and in the fact that all are like capital goods in essential respects, 40.— Examination of Mr. Boulding's analogies of population and of lake and stream shows both faulty, 52.— Relations between two views of capital, as continuous or as cyclically produced, consumed and reproduced; necessity of preferring the continuity view, 63.— Basis of production period fallacies is in a confusion of things with values; value production is always instantaneous; it is impossible to treat the production of new capital as the production of its income yield thru future time, which would make the "period" infinite, 64.
I. The analytical factor view of economics. Non-economic sociological supplements (a) Durkheim, 647.— (b) Pareto, 650.— (c) Max Weber, 654. — II. General methodological considerations: empiricism, economics and sociology, 657.
Introduction, 475. — The unit of organization, 476. — The net revenue concept, 476. — The net revenue series, 477. — Three propositions, 478. — The internal rate of return, 480. — The enterprise and the entrepreneur: simple conditions, 483. — Complications, 492. — Conclusion, 493.