A Symposium on the Theory of the Forward Market: III. Mr. Kaldor on the Forward Market Get access R. G. Hawtrey R. G. Hawtrey London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 7, Issue 3, June 1940, Pages 202–205, https://doi.org/10.2307/2967409 Published: 01 June 1940

Purpose of the study, 599.— I. Similarity between Phillips' analysis and one version of the multiplier, 600.— The Keynesian analysis, 600.— Integration of Phillips' analysis with the analysis of income circulation implied in the concept of the multiplier: five sequences, 601.— The identity of savings and investment and the concept of the instantaneous multiplier, 609.— Varying the assumptions, 610.— One bank, 612.— Constant addition to bank reserves, 612.— Lundberg's model sequences, 614.— II. Suggestions for systematizing banking theory: definitions, axioms and syllogisms to be kept in mind, 615; secular increases of voluntary deposit holdings and the volume of banks' loans and investments, 620; commercial banks and the marginal propensity to spend, 622; liquidity and shiftability of bank assets, 622.

A Theoretical Account of Futures Markets Get access J. C. R. Dow J. C. R. Dow London Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 7, Issue 3, June 1940, Pages 185–195, https://doi.org/10.2307/2967406 Published: 01 June 1940

A Symposium on the Theory of the Forward Market: II. Addenda to Mr. Kaldor's Note Get access J. C. R. Dow J. C. R. Dow Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 7, Issue 3, June 1940, Pages 201–202, https://doi.org/10.2307/2967408 Published: 01 June 1940

Revival of interest in the question of long-run investment opportunity, 64. — Doubts concerning population growth as an "offsetting factor, " 65. — Ways in which it might influence investment opportunity: (1) the propensity to consume, 66; (2) the composition of aggregate consumer demand, 66; (3) the supply of labor, 70; influence of competitive conditions, 72; effect of wage reductions, 73; the expanding economy, 74; labor supply a limiting rather than an initiating factor, 75; (4) broader phenomena affecting investment, 77.

The Incidence of Sales Taxes: The Shifting of Sales Taxes Get access Roy W. Jastram Roy W. Jastram Stanford University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 54, Issue 4_Part_1, August 1940, Pages 673–678, https://doi.org/10.1093/qje/54.4_Part_1.673 Published: 01 August 1940

Journal Article A Comment Get access J. R. Hicks J. R. Hicks Manchester Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 8, Issue 1, October 1940, Pages 64–65, https://doi.org/10.2307/2967420 Published: 01 October 1940

Reviews the book "Trends in Rural Retailing in Illinois 1926 to 1938," by Robert V. Mitchell.

The 1939 Income-Tax Act extends to all taxpayers the privilege of evaluating the final inventory on a first-in, last-out basis. The corollary permits the cost of goods sold to be determined in accordance with the assumption that goods purchased last are sold first. Official recognition is thus given to an additional method of evaluating inventory. The new method does not solve any of the technical difficulties encountered in pricing the goods on hand at the close of the period, since the procedure to be followed is merely the reverse of that called for by the last-in, last-out method. It therefore contributes nothing in the direction of simplicity. Effective support, if such exists, rests in some supposedly desired resultant in either the balance sheet or the income statement. It is probable that a predetermined end motivates the advocates of the first-in, last-out method: the desire to influence managerial decisions through a restatement of profits. That such a purpose is proper motivation for accounting procedure is questionable. Certainly it deviates from the goal of historical accounting; namely, the recording and presentation of facts.