Journal Article A Note on the Consumption Function Get access K. E. Boulding K. E. Boulding Edinburgh Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 2, Issue 2, February 1935, Pages 99–103, https://doi.org/10.2307/2967556 Published: 01 February 1935

Introduction, 475. — The unit of organization, 476. — The net revenue concept, 476. — The net revenue series, 477. — Three propositions, 478. — The internal rate of return, 480. — The enterprise and the entrepreneur: simple conditions, 483. — Complications, 492. — Conclusion, 493.

Reviews the book "The House of Adam Smith," by Eli Ginzberg.

Reviews the book "Financial Organization and Administration," by W. MacKenzie Stevens.

Reviews the book "The Economics of Inflation," by H. Parker Willis and John M. Chapman.

Abstract The article focuses on standards for accounting. A good deal has been said recently about standards for accountants. The book Financial Reports for Colleges and Universities reflects probably the first attempt in the history of accounting to produce a coordinated, closely integrated textbook of standards, not withstanding the fact that it covers a specialized field. But what about the hundreds of uniform systems of accounts that have been produced since pioneering in railway accounting? That's a fair question. There have been many uniform systems of accounts put out by our public-service commissions, the I. C. C., and a pretty good number of trade associations. Most of them have dwelt extensively on account classifications and how and what to debit and credit. Most of them include provisions for some sort of financial statements. At this stage in the development of accounting, it would be difficult to frame definitions that everybody would agree to. It's the courageous effort to lay down a reasonable set of standards that is needed.

Reviews the book "The Supply and Control of Money in the United States," by Lauchlin Currie.

Abstract The Federal income tax chart for 1936 has been devised as an aid in visualizing the effect of the rates of income and excess-profits tax applicable to corporations for fiscal periods ending after November 20, 1936. A new declared value for capital stock and surplus is to be made as at June 30, 1936 and because the rates of excess-profits tax have been increased from 5 percent to 6 percent, the minimum amount at which such value should be declared warrants careful study. Each $1,000 of declared value will be taxed at $1.40, a failure to declare the necessary minimum means an excess-profits tax at $6 or $152 for each $11 ,000 deficiency of declared value. The chart defines the various brackets in which the possible combinations of income and adjusted declared value will fall. In each bracket appears a formula from which the computation of the total tax may be made. Vertical lines represent adjusted declared values in thousands of dollars, the ratios of net income to adjusted declared values.

Reviews the book "Corporation Finance," by Floyd F. Burtchett.

Reviews the book "Gold and Prices," by Frank A. Pearson.