Journal Article An Engineer's View of the Problem of Economic Stability and Economic Regulation Get access A. Tustin A. Tustin Birmingham Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 19, Issue 2, 1951, Pages 85–89, https://doi.org/10.2307/2295736 Published: 01 July 1951

Journal Article A Comment on Factor Price Equalisation Get access Paul A. Samuelson Paul A. Samuelson Cambridge, Massachusetts Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 19, Issue 2, 1951, Pages 121–122, https://doi.org/10.2307/2295740 Published: 01 July 1951

Journal Article Taxes and Subsidies in Leontief's Input-Output Model Get access Lloyd A. Metzler Lloyd A. Metzler University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 65, Issue 3, August 1951, Pages 433–438, https://doi.org/10.2307/1882224 Published: 01 August 1951

I. The men who wrote above their time, 150. — II. The Ricardians, 157. — III. Malthus, 169. — IV. Archbishop Whately and Professor Senior, 172. — V. Some of those who also ran, 175.

Journal Article Comment Get access M. A. Adelman M. A. Adelman Massachusetts Institute of Technology Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 65, Issue 2, May 1951, Pages 280–283, https://doi.org/10.1093/qje/65.2.280 Published: 01 May 1951

Journal Article Note on Price Discrimination and the A & P Case Get access Rashi Fein Rashi Fein Johns Hopkins University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 65, Issue 2, May 1951, Pages 271–280, https://doi.org/10.2307/1879538 Published: 01 May 1951

I. Introduction, 62. — II. Some salient features of a banking market, 63. — III. Prices, profits, costs, 69. — IV. Banking market structure in small market towns and large cities, 73. — V. Impact of horizontal combination on banking structures, 79. — VI. Concluding observations, 83.

A model was constructed that incorporates rational grounds for the choice by two individuals between an employment contract and a contract of the ordinary kind (which we have called a sales contract). By a generalization of this model one can account for the fact that in an employment contract certain aspects of the workers's behavior are stipulated in the contract terms, certain other aspects are placed within the authority of the employer, and still other aspects are left to the worker's choice. Since administrative theory was interested in explaining behavior within the framework of employment relations, and economic theory in explaining behavior within the area of market relations, the model suggests one possible way of relating these two bodies of theory. The most serious limitations of the model lie in the assumptions of rational utility-maximizing behavior incorporated in it. (Author)

EGIONAL differences in per capita income have been the object of continuing speculation, and several attempts have been made to isolate and measure the factors with which the differences are associated.' A more precise knowledge of these factors will contribute to our understanding of the forces which determine a particular income aggregate. Moreover, the policy implications of regional differences in per capita income, particularly regarding the expanding field of federal contributions to state and local government activities, requires a thorough analysis of the sources of these differences. The Census of Manufactures, 1947 required, for the first time, each manufacturing plant to supply information on production worker manhours as well as on the number of employees, wages, salaries, products, and other familiar measures of manufacturing.2 The availability of information on both man-hours and wages of production workers permits computing their average hourly earnings by detailed industrial and geographic classifications. This provides an opportunity for a more precise analysis than heretofore possible of the regional differences in manufacturing wages and in their effect on per capita income. In the present article, an attempt is made, first, to measure the differences among states in production-worker hourly earnings which are associated with differences in the composition of the state's manufacturing activity and, secondly, to measure the differences in production-worker hourly earnings associated with the differences among states in the wages paid production workers in the same industry. These differences are then related to the per capita income of each state and geographic division.