I. Origin of the provision for changing reserve requirements of member banks, 553. — II. Nature of the provision as an instrument of credit control, 554. — III. History of its use, 556. — IV. Criticisms: ladk of precision, 558; discrimination, 560; inflexibility, 563. —- V. Relation to Federal Reserve finances, 564. — Security markets, 567. — VI. Effect upon future control of credit, 568. — VII. General conclusion, 570.

Significance of the question, 423. — The structure of an American Plan, 424. —The major assumptions: population growth and levels of employment, 428. — Basis of the estimates, 429. — Comparison with existing public aid programs and national income, 434. — Comparison with proposed American plans, 435.

Journal Article Price Control at the Retail Level Get access Bruce R. Morris Bruce R. Morris Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 58, Issue 2, February 1944, Pages 323–324, https://doi.org/10.2307/1883323 Published: 01 February 1944

In a recent issue of the journal The Accounting Review there is an article entitled "The Name of Paciolo" which treats largely of the book "No Royal Road," and especially of the spelling of the name Luca Pacioli, an Italian mathematician. It appears that the accounting material for the article was furnished by one man who is an accountant, and that it was written by another man who is a linguist. A week or so before the appearance of the article, the author had a letter from a gentleman in the accounting field asking him why he used the spelling "Pacioli" rather than "Paciolo." One of the many names which was used for Pacioli was Luca de Pacioli, which means "Luca of the Pacioli family." The "de" has been dropped in many Italian family names and the ending has not been changed. The Catholic Encyclopedia uses this ending, the Encyclopedia Italiana uses this ending and the Encyclopedia Britannica uses this ending. Most of the authors whom the author considers leading authorities in their respective fields used the spelling "Pacioli."

In June 1943 the Illinois legislature enacted a new CPA law to repeal and replace both the CPA law of 1903 and the public accountant law of 1927. Certain important features of this new law provide for freedom of interstate practice with control of out-of-state practitioners, eventual restriction of public practice to certified public accountants, recognition of general education beyond the high school level, and requirements for accountancy education of a collegiate grade. The Illinois public accountant law of 1927 provided for the licensing of practitioners and the restriction of practice, but it recognized out-of-state accountants only if their states recognized the Illinois license rather than the CPA certificates. Another feature of the 1943 Illinois CPA law is the provision for restriction of practice to certificate holders licensed by the state. Under this provision the State Department of Registration and Education will in the future license only individuals holding CPA certificates issued by the University of Illinois. The 1903 Illinois law contained the earliest statutory requirement of high school education for candidates. Administrative boards in New York and Pennsylvania had set up a requirement of high school education for candidates in an attempt to place certified public accountants on a professional par with attorneys and doctors, for whom similar requirements were then in effect.

Reviews the book "War Without Inflation," by George Katona.

The installation of efficient statistical accounting procedures in an aircraft factory poses problems for the solution of which a consideration of what is being done in other lines of business is of primary value. There are certain fundamental theories which apply to all classes of industries. The aircraft industry is only a specific case in the application of these fundamentals. The problems of the aircraft industry are not unique, they are merely variations of the production problems found in many other industries. The aircraft industry is best represented by a combination of the automobile business and a job shop business. The aircraft industry manufactures a small quantity of a large variety of parts. In addition to this small quantity production, the aircraft industry must be ready, at a moment's notice, to change the design of the product for tactical reasons. Another item that affects the aircraft industry more than any other is the weight of the product. Parts are often made at great expense just to reduce weight. It is thus readily apparent that cost methods of different manufacturers require the application of different manufacturing accounting techniques.

Reviews the book "Statistical Adjustment of Data," by W. Edwards Deming.