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Estimated Cost of Old-Age and Survivors Insurance

Quarterly Journal of Economics 1945 59(3), 427
Introduction: scope and plan, 427. — I. Oost estimates for the present old-age and survivors insurance program without change: provisions of the program, 429; the high and low assumptions, 430; the estimates, 431. — II. Cost estimates for the old-age and survivors insurance program with assumed changes: the changes considered, 436; change in lump-sum benefit payments, 437; in benefit payments to parents, 438; in minimum monthly benefit limitation, 439; in maximum monthly benefit limitation, 440; in age of eligibility for women, 442; provision of disability benefits, 442; extension of coverage, 443. — Summary of estimates, 450. — Conclusion, 450.

Recent Publications

Quarterly Journal of Economics 1945 59(2), 304-306
Journal Article Recent Publications Get access The Quarterly Journal of Economics, Volume 59, Issue 2, February 1945, Pages 304–306, https://doi.org/10.1093/qje/59.2.304 Published: 01 February 1945

Postwar Exchange-Rate Parities

Quarterly Journal of Economics 1945 60(1), 113
Experience after the first World War, 113. — I. Two helpful new concepts: general equilibrium, 115; price disparity, 116. — II. The Belgian devaluation of 1935: the problem posed, 117; the index of price disparity, 118; internal disequilibrium, 122; choice of the new rate, 123. — III. The price-disparity approach, 124. — Significance of cost-of-living index, 125. — Alternative measures of price disparity, 127. — A more sensitive index needed, 127. — Problems of comparability, 128. — Key-country indices, 129. — IV. Comparison with purchasing power parity, 131. — Definition of the equilibrium rate, 132. — Relation to state controls, 134. — Conclusion, 135.

Monopolistic Discrimination in the Cranberry Industry

Quarterly Journal of Economics 1945 59(3), 330
I. Need for economic criteria in evaluating monopolistic practices, 330. — II. Development of cranberry growing, 332. — III. Development of processing, 336. — IV. Indictment of marketing organizations, 339. V. Demand for fresh cranberries, 340. — VI. Demand for cranberry sauce, 345. — VII. Growers' revenue from sales, 350. — VIII. Monopolistic vs. competitive allocation of the supply, 358. — IX. The quality factor, 365. — X. Reconsideration of the antitrust indictment, 366.

Problems of European Reconstruction

Quarterly Journal of Economics 1945 60(1), 1
I. War damage and its consequences: changes in economic structure, 1; destruction of property, 3; requisitions and other exactions, 6; the over-all losses; 10; war losses and national wealth, 12; effect on currency and economic recovery, 15; deflationary measures, 18; the present outlook, 21. II. Reparations: early opinions and decisions, 25; the Potsdam agreement, 26; the outlook for reparations, 29. III. The economic disarmament of Germany: plans and proposals, 32; objections to deindustrialization, 35; the Crimea and Potsdam decisions, 37; the German war potential, 38; effects of deindustrialization, 43. IV. Conclusions, 52.

The Key Currency Proposal

Quarterly Journal of Economics 1945 59(4), 563
I. Three approaches to the problem of international currency stability, 563. — II. What is a key currency? 567. — Importance of non-key currencies, 567; of stable relations between currencies, 569. — Other postwar currency problems overlooked, 570. — Uncertainty regarding proposed stabilization agreement between United States and Great Britain, 571. — The problem of exchange restrictions after the war, 572. — Many currencies are key currencies from standpoint of certain commodities, 574. — III. Alternatives facing nations of the world, 576.

Sir James Steuart on the Public Debt

Quarterly Journal of Economics 1945 59(3), 451
I. The British public debt in the eighteenth century and contemporary opinion, 451. — Steuart in the literature, 452. — II. Steuart's views on the public debt: public vs. private debt, 454; public debt and circulation, 455; public credit as the balance wheel, 456; comparison with taxes, 457; social effects, 458; repayment, 459; debt limits, 462. — III. British and French credit in the eighteenth century; deterioration of French credit, 466; influence of form of government, 467; public confidence, 467; narrowness of the market, 468; burdensome taxation, 468; the sinking fund, 469; interest rates, 471; qualifications, 471. — IV. The "evolutionist approach, " 472. — V. Conclusion: Steuart's position, 475.

The Classical Indictment of Indirect Taxation

Quarterly Journal of Economics 1945 59(4), 577
The "excess burden" doctrine, 577. — I. Marshall's analysis, 578 —. Mrs. Hicks' reformulation, 579. — J. R. Hicks on "compensating variations in income, " 579. — Miss Joseph's analysis, 579. — II. Excess burden not peculiar to indirect taxes, 582. — Comparison with income taxes, 586. — Progression, 587. — Compensation for subjective costs, 590. — III. Other economic effects of taxes, 591. — IV. Commodity and income taxes in the light of "ideal" requirements, 594. — V. Conclusions, 596.

In Defense of Monopoly

Quarterly Journal of Economics 1945 59(4), 524
Monopoly often only an attempt to solve a problem, 524. — The "classical" argument against monopoly, 525. — Its limitations, 525. — The rôle of deflation in the development of monopoly, 527. — Price flexibility and spiral effects, 530. — Wages and employment, 533. — The fear of deflation, 534. — Saving, 536. — Competition vs. deflation, 537. — Non-price competition, 538. — Advertising, 540. — Control of deflation, 540. — Other grounds for monopolistic trends, 541.