Journal Article Recent Literature on the Automobile Industry Get access C. E. Griffin C. E. Griffin University of Michigan, School of Business Administration Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 43, Issue 1, November 1928, Pages 142–153, https://doi.org/10.2307/1883944 Published: 01 November 1928

The Coinage Act, 1926 and the Currency Act, 1927 dissolve the currency union of Great Britain and the Irish Free State, 264. — The Free State pound, its new unit of value, made equal in weight and fineness to the pound sterling, 266. — A Currency Commission, created for the management of the currency, 267. — The circulating media are to be: (1) A token coinage preserving the British denominations, 264; (2) Consolidated bank-notes, with a maximum issue of (£6, 000, 000 for the present) 268; (3) Legal tender notes, to be issued by the Commission to purchasers who tender an equal nominal amount of British currency or London funds, 272. — The system is that of a gold exchange standard, with no alteration in control of banking and credit, 275.

I. The American balance of payments, 1919–26, 388. — Wide but strikingly parallel fluctuations of net capital and commodity movements, 390. — The domestic situation, 393. — II. General analysis of the maintenance of equilibrium in international payments, 395. — The effects of importation, 399. — The correction of excesses is not equally rapid in all cases, nor does the "causal sequence" always proceed along the same lines, 407. — III. The effects of exportation, 412. — Imports and exports taken together, 416. — The correction of excesses; effects of the business cycle. If foreign trade is relatively unimportant, the correction of large excesses must wait on domestic cyclical movements, 422. — IV. Application of these conclusions to the United States, 423. — The period 1919–21, 424. — The period 1922–26, 429. — The changes in the net items of the American balance of payments have had little effect on internal conditions; and their origin has usually made them mutually offsetting, 432.

Journal Article Ricardo's Notes on Malthus Get access E. S. Mason E. S. Mason Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 42, Issue 4, August 1928, Pages 684–696, https://doi.org/10.2307/1882540 Published: 01 August 1928

Provisions for Agricultural Credit prior to 1913. — I. Federal rural-credit legislation since 1913, 95. — State rural-credit legislation since 1913, 103. — II. Effect of the new institutions. — Mortgage credit, 108. — Short-term credit, 111. — Terms of loans and interest rates, 115. — III. Adequacy of mortgage credit facilities, 117. — Provisions for "low-grade" loans, 120. — Appraisal methods, 122. — Mortgage credit facilities in the South, 123. — IV. Short-term credit facilities are inadequate, 124. — Bank failures, 124. — Suggestions for improvement of the country banking situation, 127. — V. Intermediate credit. Production credit in the South, 129. — VI. Conclusion, 130.

Journal Article The Currency Settlement in England Get access Alfred Plummer Alfred Plummer Ruskin College, Oxford Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 43, Issue 1, November 1928, Pages 171–179, https://doi.org/10.2307/1883946 Published: 01 November 1928

I. Importance for Russia of relation between agricultural and industrial cycles. — Concepts and methods of the present paper, 565. — II. Characteristics of Russia's economic system, 574. — Succession of events, 1869–1914, 576. — Resemblances with other countries and differences, 579. — Examination of correlations between crops and cycles, 580. — Summary of conclusions for the pre-war period, 586. — III. Main events of 1913–26, 589. — Complex changes and a transition period, 591

I. Traditional view — The challenge, 596. — II. The position of Phillips; his premises, 598. — III. Primary vs. derivative deposits, 600. — IV. Ratio of derivative deposits to loans, 306. — V. Checks presented which are drawn on same bank, 611. — 63.6 per cent of all checks pass through a clearing operation, not 99 per cent, 612. — VI. A new coefficient of credit expansion, 615. — Coefficient of initial expansion; of secondary expansion, 616. — Of tertiary expansion; coefficient of mediate compound expansion; of ultimate compound expansion, 618. — No analogy to precise physical laws, 621. — Relation to ability of central bank to control expansion, 621. — VII. Influence of cash withdrawals on ability to expand, 623. — Conclusion, 625.

The problem and its relation to the supply and demand control of rates of exchange involving future goods, — I. Comparative values of futures and spots in relation to available supplies from crops, 368. — A future trade is an exchange of future money for a future commodity, and does not involve present goods, 370. — II. Indications of a downward bias in grain and cotton futures call for explanation, 372. — III. Bohm-Bawerk's theory of a discount on the future is quite another matter, 375. — IV. But a difference in the relative valuation of money and any specific commodity may be expected according to whether the comparison pertains to the present or to the future, 377. — This situation as expressed in terms of mathematical inequalities, 379. — V. Commercial experience and observation of the comparative value of “immediates,” 379. — The downward bias costly to hedge sellers, 383. — VI. Conclusion, — The present article calls attention to a neglected condition, and perhaps suggests a needed addition to theory, 385.

Hawtrey, The Economic Problem Get access Paul T. Homan Paul T. Homan Cornell University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 42, Issue 4, August 1928, Pages 678–684, https://doi.org/10.2307/1882539 Published: 01 August 1928