As maintained by J. M. Clark the amplitude of the investment cycle is larger and that of the consumption cycle smaller than that of the income cycle, provided only the consumption constant is larger than zero. On the other hand, it is true that acceleration is neither a necessary nor a sufficient condition for magnification: not a necessary condition since (4) is independent of the investment function; not a sufficient condition since, for co = o, magnification is absent regardless of the investment function and even if Baumol's equation (3) were valid and his conditions for magnification were satisfied.

Journal Article Ricardo's Transfer-Mechanism Theory Get access Will E. Mason Will E. Mason Pennsylvania State University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 71, Issue 1, February 1957, Pages 107–115, https://doi.org/10.2307/1882298 Published: 01 February 1957

Journal Article Mr Kaldor on Taxation and Risk Bearing Get access E. Cary Brown E. Cary Brown Cambridge, Massachusetts Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 25, Issue 1, October 1957, Pages 49–52, https://doi.org/10.2307/2296121 Published: 01 October 1957

Sidney E. Rolfe, Geoffrey Furness, The Impact of Changes in Tax Rates and Method of Collection on Effort: Some Empirical Observations, The Review of Economics and Statistics, Vol. 39, No. 4 (Nov., 1957), pp. 394-401

Reviews the book "Canadian Accounting Practice," by W.G. Leonard and Frank W. Beard.

Reviews the book "Management Accounting," by Robert N. Anthony.

Abstract The article reports on the events in the field of accounting education. George Gibbs was reappointed to a four-year term on the state board of accountancy. E.I. Fjeld, formerly of the College of the City of New York, joined the staff in September as visiting professor of accounting. Willard Horwich was appointed assistant professor of accounting this fall. T. Leroy Mami conducted a three day Institute in Hospital Accounting under the auspices of the Mississippi Hospital Association at Gulf port in July. May Noel Barron returned to the campus after a 15-month leave of absence, during which time she served as assistant auditor for the State of Kentucky. Emerson C. Erb has been granted leave of absence for one year to continue work on his doctorate at Indiana University. William D. Tuxbury was added to the staff in September. H. Calvert Krueger has accepted a position at Arizona State College. Francis D. Jabara received his CPA certificate in Kansas last December. The Second Annual Petroleum Accounting Conference was held on the campus in May with over 250 persons attending.