Journal Article Prices and Profits in State Enterprise Get access A. M. Henderson A. M. Henderson Manchester Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 16, Issue 1, 1948, Pages 13–24, https://doi.org/10.2307/2296140 Published: 01 April 1948

Journal Article The Belgian Monetary Reform: An Appraisal of the Results Get access A. V. de Ridder A. V. de Ridder Brussels, Belgium Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 16, Issue 1, 1948, Pages 25–40, https://doi.org/10.2307/2296141 Published: 01 April 1948

Journal Article The Enforcement Of Collective Bargaining Get access Paul A. Brinker Paul A. Brinker University of Oklahoma Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 62, Issue 2, February 1948, Pages 314–322, https://doi.org/10.2307/1883225 Published: 01 February 1948

The Influence of Unionism Upon Earnings: Comment Richard A. Lester Richard A. Lester Princeton University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 62, Issue 5, November 1948, Pages 783–787, https://doi.org/10.2307/1883472 Published: 01 November 1948

THE great American who has departed from us was much more than an economist. But vast realm over which he held sway and intellectual climate of epoch that nourished his thought have been admirably surveyed in this journal,' and I shall confine myself to Fisher's pureLy scientific work in our field. This will restrict our subject. But it will not lower itat least, it could do so only through my own fault. For whatever else Fisher may have been-social philosopher, economic engineer, passionate crusader in many causes that he believed to be essential to welfare of humanity, teacher, inventor, businessman-I venture to predict that his name will stand in history principally as name of this country's greatest scientific economist. I shall restrict my task still further. Mr. Sasuly, who has been a close collaborator of Fisher's, has presented a vivid and adequate picture of his statistical work and in particular has set forth historical importance of The Making of Index Numbers and of Fisher's most original contribution to statistical method, Distributed Lag. I am not going to repeat what he has written. It is theorist only, not statistician, who will be considered in what is to follow. Nevertheless, statistician cannot be entirely elimintated even from section of Fisher's activities with which I propose todeal. For throughout and from start, Fisher aimed at a theory that would be statistically operative, in other words, at not merely quantitative but also numerical results. His work as a whole ideally fits program of the advancement of economic theory in its relation to statistics and mathematics and of unification of theoretical-quantitative and empirical-quantitative approach.2 Considering date of his first book, we must look upon him as most important of pioneers

Abstract Consistency in accounting usually is considered the policy of adhering to procedures which are identical with procedures used in the past. The definition gives little suggestion of the problems that might arise in an effort to follow the policy. Most accountants would agree that the doctrine should be pursued with a limitation. It should applied only is so far as there is no desirable need for a change of accounting procedure, for making such a change seems to violate the doctrine. It is this area that appears to deserve attention, since the limitation may at times be overlooked. Where consistency is wrongly applied, it becomes a fault rather than a virtue of accounting. The major weakness of unlimited application of the doctrine is glaring when admitted errors are repeated. To omit an asset once from the balance sheet through error does not mean that future balance sheets should exclude the asset just because it would be consistent to do so. This idea seems well accepted and appears to call for a certain amount of inconsistency, thus providing an example of the limitation of the policy.

Abstract Reviews the book "Internal Control Standards and Related Auditing Procedures," by Walter H. Kamp and James A. Cashin.