GENERAL business, after an important advance in April, declined during the remainder of the second quarter of I932, and stood in June at a new low level for the depression (Chart I, p. II3). Money rates, which had as early as February begun to ease from the peak following the I93I gold panic and bank liquidation crisis, declined in each month of the quarter. Speculation continued in its downward course during the quarter; and, largely in response to the Federal budget crisis and the renewed loss of gold, the declines in April and May were especially sharp.

Reviews the book "On the Accuracy of Economic Observations," 2nd ed., by Oskar Morgenstern.

Journal Article Recent Texts on the Methods of Economic Statistics Get access W. L. Crum W. L. Crum Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 40, Issue 3, May 1926, Pages 530–546, https://doi.org/10.2307/1885176 Published: 01 May 1926