Journal Article Automatic Stabilization and the British Taxes on Income Get access P. H. Pearse P. H. Pearse Edinburgh Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 29, Issue 2, February 1962, Pages 124–139, https://doi.org/10.2307/2295818 Published: 01 February 1962

I. Expansion of the traditional concept of durable consumer goods, 415. — II. Socio-economic features, 418. — III. Illustrations of significant consequences, 420. —IV. Conclusion, 423.

Journal Article Further Comment Get access Merton H. Miller Merton H. Miller University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 76, Issue 3, August 1962, Pages 480–488, https://doi.org/10.2307/1879634 Published: 01 August 1962

to study policies affecting money and credit separately from fiscal policy, because the underlying cause-effect relations are so very different. In terms of a summary characterization of the new budget, what I have tried to convey is this: Let us not say that it is designed to show the impact of economic policies; let us rather say more modestly that it shows the impact of fiscal policies; and let us make clear that a detailed and comprehensive analysis of monetary and credit policies cannot be conducted within the framework of the NIP accounts.

This article presents a comparative analysis of accounting and mathematics. From a formal point of view, there is a complexity similarity in the methods of mathematical and accounting analyses. Both reason sequentially from basic propositions to "useful" conclusions, sufficient conditions are hypothesized, and necessary conclusions are hopefully derived. This natural orientation toward the deductive method should eventually provide a basis for an axiomatic systematization of extant accounting knowledge, perhaps in a fashion analogous to Euclid's classical formulation of geometry. It is suggested that the fundamental similarity between the reasoning processes of mathematics and accounting exposes an appropriate source of useful refinements in the accounting methodology. In particular, consideration of these characteristics of the methodology of mathematics points the way for strengthening the logical consistency of present accounting analyses; further, research directed toward this goal may in time produce completely new "systems" of accounting. The values of mathematics are only partially appreciated and hesitantly accepted by accountants. Other disciplines have experienced even greater difficulty penetrating the shell of accounting conservatism. The hope is here expressed that accountants will explore more fully those fields of basic knowledge having some observed relationships no matter how tenuous-to accounting to the end that their mutual interests and attributes may propose more fundamental common characteristics.

G. H. Borts, E. J. Mishan; Exploring the “Uneconomic Region” of the Production Function1, The Review of Economic Studies, Volume 29, Issue 4, 1 October 196