Journal Article New Results in an Old Framework: Comment on Samuelson and Modigliani Get access Luigi L. Pasinetti Luigi L. Pasinetti Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 33, Issue 4, October 1966, Pages 303–306, https://doi.org/10.2307/2974426 Published: 01 October 1966

The basic requirement of every academic editor is that each article be a scholarly contribution to knowledge of the field. Contributions in an academic journal may be made by recognizing new problems of the field and suggesting possible solutions. Opportunities for contributions comes when new techniques are devised or become available for the solution of old problems, or when some new programs or new thoughts not always forthcoming as promptly to avoid a new problem. Another type of scholarly contribution may be made in the form of historical analyses. Another dubious candidate for scholarly effort is the voluminous compendium of what others have said on a subject with no adequate or new criticism or evaluation. Manuscripts submitted by authors usually go to the printer in the case of an academic journal, so it should be clear and readable to the editor also. Editor's do have obligations, therefore, a broad view of the possible forms of scholarly contribution is also needed by the editor of a scholarly journal, certainly if the journal is designed for a fairly large and diversified audience.

Introduction, 652. — I. Assumptions, 652. — II. The cost-minimizing locus, 653. — II. Relationships of the cost-minimizing and efficiency loci, 655. — IV. The interdependence of cost and demand, 656. — V. Conclusion, 658.

I. A numerical example, 504. — II. Generalizations, 508. — III. A direct logical criticism, 510. — IV. Changes in the rate of profit and changes in the “quantity of capital, †512. — V. The trap of an old mode of thinking, 514.

Introduction, 314. — Definition of the precautionary demand for cash, 314. — The concepts, 315. — Optimal precautionary cash balances, 316. — Comparison with transactions demand for cash, 320. — Comparison with related studies, 320. — Appendix, 322.

Frederic L. Pryor, Trade Barriers of Capitalist and Communist Nations Against Foodstuffs Exported by Tropical Underdeveloped Nations, The Review of Economics and Statistics, Vol. 48, No. 4 (Nov., 1966), pp. 406-411

The article focuses on funds flow. Recent accounting literature has produced two articles on mathematizing funds flow. One of the approaches undertaken shows algebraically that the net change in working capital is explained by the changes in non current assets and equities. This article attempts to analyze algebraically the individual changes in non current accounts and thereby provide a means to calculate directly through equations the individual sources and uses of working capital needed for a funds statement. In addition, an algebraic system for cash-flow analysis is also discussed. The algebraic approach provides a flexible means to adapt to different concepts of funds, such as net working capital, cash flow, and net quick assets. The algebraic expression of funds flow is consistent with the trend towards computerized accounting. The equations can be programmed readily and used to generate funds statements. This article uses a complete set of equations to tie together the funds flow from the income statement and balance sheet items, to show the elimination of non fund items, and to show the individual sources and uses of funds in the non current accounts.

This article examines the fundamental ethical rule in tax practice at the level of personal ethics in the U.S. in 1966. This rule states that the tax practitioner must allow the client to make the final decisions. The practitioner has no right to substitute his scale of values for that of the client. Beyond that, the practitioner must recognize a positive responsibility not to provide false or misleading information to the government. This responsibility is imposed on him by Circular 230 and by the Code of Professional Ethics of the American Institute of Certified Public Accountants.