Knowledge that Transforms

I. Introductory: definitions, 583. — Issue of discrimination versus uniformity only resolvable by precise distinction between joint and overhead cost, 585. II. Joint and overhead cost distinguished, 586; — joint cost, overhead cost, and monopoly all influence pattern of discrimination, 589; — true instances of joint supply, 592. — III. With overhead cost alone discrimination should be adjusted to the degree of utilization, 594; — the case of a single road with a given investment, 595; — proper and improper rate policy, 597; — marginal cost a useful tool for determining proper degree of discrimination, 599. — IV. Problems presented by discontinuity in expansion, 602; — different degrees of discontinuity, 604. — V. Qualifications of the proper rate policy for: different divisions, 609; — competing routes, 611. — VI. Complications presented by time jointness, 613; — unlikely that discrimination should ever give way wholly to uniformity, 614; — stability, 616.

Two extreme views of marginal buyers, 121.— Professor Hotelling's case, 122.— Professor Chamberlin fails to recognize their importance, 122.— Another view of the same situation, 123.— Effect on his conclusions, 126.— Another possibility under differentiation of product, 129.— A further stage: competitors still more numerous, 132.— Conclusions, 134.

Journal Article The Early Use of "Capital" Get access Henry Rand Hatfield Henry Rand Hatfield University of California Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 49, Issue 1, November 1934, Pages 162–163, https://doi.org/10.2307/1883882 Published: 01 November 1934

Journal Article Haberler's der Internationale Handel Ohlin's Interregional and International Trade Get access H. D. White H. D. White Lawrence College Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 48, Issue 4, August 1934, Pages 727–741, https://doi.org/10.2307/1883548 Published: 01 August 1934

I. Significance of the question, 79.— The Bank of North America, 80.— The Bank of New York, 83.— Conditions which determined early credit policy, 84.— II. Bank expansion, 1784 to 1840, 85.— Growing demand for long term credit, 86.— Lengthening maturities, 88.— Short term credit orthodoxy, 90.— Dilemma of the banks, 92.— III. Free banking and long term credit, 95.— Forstall system of New Orleans and short term credit, 97.— Condition of the New Orleans banks, 98.— Success and influence of the New Orleans banks, 99.— IV. Change in credit function of banks, 1782 to 1840, 101.— Legislative influences, 102.— Economic influences, 102.

A Final Word Get access Wassily Leontief Wassily Leontief Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 48, Issue 4, August 1934, Pages 755–759, https://doi.org/10.2307/1883551 Published: 01 August 1934

Guaranty, not insurance, 229. — The temporary plan, 230. — The permanent plan, 230. — Cost to the banks, 232. — Saving on interest payments, 234. — No provision for accumulation of reserves, 235. — Assessments not according to risks, 236. — Discrimination against large banks, 237. — Possible benefits: protection of depositors, 238; restoration of confidence, 239; safeguarding against general runs, 239. — Banking reform the proper goal, 240. — May be retarded, 241. — State experience, 241. — Possible developments: without amendments, 242; with amendments, 242. — Guaranty only a palliative, 244.

Böhm-Bawerk's concept of capital essentially that of a fund which supports factors of production during the period of production. — The "lake and stream" analogy, 647. — A better analogy is that of a population: capital, input, output, and the average period of production corresponding to population, births, deaths, and the average length of life, 650. — An analysis of pure population theory for a stationary state, 655; for a geometrically progressive state, 657. — Input as primarily the flow of services from all factors of production, 659. — Output as primarily the flow of services to consumers, 662. — An average period of production defined, which does not go back to any "primary" factors of production, 664. — Its length is between ten and twenty years, 665. — The existence of a period of production increases the probability of price disturbances, 666. — The concept objectively vague in a system of changing prices, but not so when considered as a subjective determinant of economic behavior, 666.

Journal Article Empirical Tests for Price Theories: Fisher, Foster and Catchings, Keynes Get access Robert M. Walsh Robert M. Walsh Boston, Massachusetts Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 48, Issue 3, May 1934, Pages 546–558, https://doi.org/10.2307/1882826 Published: 01 May 1934

Silver and Chinese Purchasing Power Get access Frank D. Graham, Frank D. Graham Princeton University Search for other works by this author on: Oxford Academic Google Scholar T. J. Kreps T. J. Kreps Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 48, Issue 3, May 1934, Pages 565–571, https://doi.org/10.2307/1882828 Published: 01 May 1934