Interregional Payments: Reply Penelope C. Hartland Penelope C. Hartland Brown University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 64, Issue 3, August 1950, Pages 489–490, https://doi.org/10.2307/1884564 Published: 01 August 1950

Abstract Reviews the book "Business Law," by Thos. Conyngton and Louis Bergh.

THE conclusions reached in this paper, insofar as they depend upon the limited postwar income and expenditures data available, should be considered as tentative, and subject to modification as new data come into use. Nevertheless, for reasons given below, it is felt that the correct long-run relationship between prewar and postwar income and expenditures is described, even though that relationship may not be exactly measured. Analysis of this relationship throws considerable light on such related questions as the cyclical variability of the consumption function, its stability in the long run, and the direction, if any, of the savings trend. In view of the importance of these questions, and the almost total disagreement which now exists on them, this paper is perhaps amply justified, even though in a sense premature.

I. A social theory in Schumpeterian terms, 611. — II. Objections to the claim of similarity of vision, 612. — III. Invention versus innovation, 614. — IV. The "directing forces, " 616. — V. Description of the business cycle, 621.

Abstract Reviews the book "Office Management and Control," by George R. Terry.

Abstract This article proposes to investigate, review, and analyze the data which have been compiled on the subject of profitability in relation to size to determine the foundation on which the statement of large corporations being unprofitable has been based, and to comment on the validity of the assertion as it relates to the relative profitableness of corporations of different size. Such an analysis must necessarily be limited to the objective material available and will not enter into the broader discussion of the social and economic evils usually associated with, and often attributed to, monopoly or big business. No attempt will be made to evaluate the proposition that large-scale business necessarily results in a power position which is so antisocial that a reduction in size would be warranted, regardless of the possible outcome for efficiency and profitability. Such matters can be settled satisfactorily only after long investigation and will involve complex analyses of broad social policy.

Abstract As accountants, educators and executives, one is engaged almost continuously in the preparation of financial reports. One is convinced of the significance of financial reporting as a basis for intelligent executive action, and the importance of seeing that all reports contain the proper information and are designed to be of maximum use to the members of management who they are submitted. In this article the author reviews some of the principles and practices, which can be followed to render such reports as helpful and effective as possible. There are three levels of management to which financial reports must be made, top management, coordinating executives, and operating supervisors. The reports required by each vary in subject matter and in amount of detail, but the principles of reporting to each level are essentially the same. If the reports for top management should be comprehensive and concise, then so much the more should reports to operating supervisors be specific and concise, for the daily routines of production and selling demand that the supervisor be a man of action rather than an analyst.