Introduction, 671. — I. The Tactic of Union Monopoly, 674. — II. The Inadequacy of Limits on Union Monopoly, 679. — A. Competitive Checks through Unemployment, 680. — B. Price Increases as a Restraint on Union Monopoly, 689. — C. Employer Resistance as a Check on Union Monopoly, 691. — III. Non-wage Elements in Labor Costs, 693. — IV. Union Power and the Power of Enterprise Monopoly, 694. — V. Other Factors in Union Power, 695. — VI. Conclusion, 696.
Misunderstanding in the use of the concept: explicit definitions, 396; implicit definitions, 397; criticism of these, 398. — Bargaining power and its effect on price: perfect competition, 400; agreement, 401; major determinants of power, 402; difficulties of definition, 403. — False antithesis between bargaining power and competitive market forces: the bargaining theory of wages, 408; theoretical indeterminateness, 410. — Inequality in power relative to time, direction and magnitude of price movement, 411. — Critique of alternative treatments of bargaining power: Dunlop, 413; Slichter, 414; Shister, 414. — Conclusions, 417.
Journal Article The Measurement of Progressivity and Built-In Flexibility Get access Richard E. Slitor Richard E. Slitor 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 309–313, https://doi.org/10.2307/1883224 Published: 01 February 1948
Abstract In the June, 1947, issue of the "Journal of Accountancy," appeared an article entitled "TVA's first audit by General Accounting Office (GAO) points way to businesslike evaluation." The article starts out with an editorial comment stating failure of TVA . . . to provide "yard-sticks" to measure private corporate operation; or, to be capable of being evaluated as going businesses, springs from lack of facts. General Accounting Office has made a commercial-type audit of Tennessee Valley Authority (TVA), plus recommendations, which show how TVA may be made comparable to commercial operation. . . failure to charge property taxes, depreciation, interest, and other expenses makes business men feel that government corporations, like TVA, cannot be considered commercial enterprises. The business man's objection grows out of the belief that government should not set up privileged competition with him, using his own money, and giving this competition the added advantages of freedom from taxes, interest, and other charges.
Abstract The recent discussion among accountants concerning reinstatement of fully amortized emergency facilities was in some respects, too late. It is tempting to use hindsight and observe that perhaps a more useful and timely framework within which to handle the question of reinstatement might have emerged if the profession had started to think about and to discuss the problem earlier. The quasi reorganization device has been applied during periods of business depression. In the depression situation the recorded amounts were written down in an attempt to restore current reality to tile accounting process. There is considerable justification for arguing that some of the most pressing problems currently facing accountants, namely, depreciation on a replacement cost basis, the use of inventory reserves, and the practice of expensing a portion of current capital outlay, have as their common origin a feeling that currently the accounting process is producing inadequate and, perhaps, misleading financial statements. There is not the slightest intention to argue that now is the time for quasi-reorganizations, in reverse or otherwise, but it does appear that now is the proper time to investigate, discuss, and settle upon the limits of accounting reorganizations. The relevant conditions precedent may not be far distant.