The 100 Per Cent Reserve PlanAngell, James W.
doi: 10.2307/1882341pmid: N/A
Summary I. The major defects of our present monetary and banking system, 1.— II. The 100 per cent reserve plan; Professor Fisher's formulation, 4.— III. Objectives of Fisher's plan over time: reflation and retail price stabilization, 16.— IV. Summary of main criticisms of the 100 per cent proposals, 26.— V. An alternative plan; methods and objectives, 29. This content is only available as a PDF. Copyright, 1935, by the President and Fellows of Harvard College
The Theory of Investment Once More: Mr. Boulding and the AustriansKnight, Frank H.
doi: 10.2307/1882342pmid: N/A
Summary Altho Mr. K. E. Boulding repudiates superficial features of the “Austrian” theory of capital as a matter of a production or investment period, there is danger that his clever mathematical treatment of the single investment in terms of time may lend support to such a position. Examination of the Austrian theory; its main fallacy lies in attributing production of capital goods to “primary” factors, in ignoring organic cooperation of all productive agencies, and in the fact that all are like capital goods in essential respects, 40.— Examination of Mr. Boulding's analogies of population and of lake and stream shows both faulty, 52.— Relations between two views of capital, as continuous or as cyclically produced, consumed and reproduced; necessity of preferring the continuity view, 63.— Basis of production period fallacies is in a confusion of things with values; value production is always instantaneous; it is impossible to treat the production of new capital as the production of its income yield thru future time, which would make the “period” infinite, 64. This content is only available as a PDF. Copyright, 1935, by the President and Fellows of Harvard College
The Success of Industrial MergersLivermore,, Shaw
doi: 10.2307/1882343pmid: N/A
Summary The general impression that “the trusts turned out ill,” 68.— The contrary conclusion that the proportion of success was high, 68.— I. A broad conclusion based on an examination of more than 400 companies of the 1900 era, 70.— A primary and a secondary group, 73.— The proportion of business successes above one-half, 76.— II. Earnings on capitalization of a selected sample of mergers compared with Epstein's figures, 78.— III. “Watered stock” not a prevalent phenomenon in the group, 83. — The opposite tendency recently toward undercapitalization, 84.— IV. Reasons for the success of 150 mergers, 87.— Managerial resourcefulness the principal cause, 88.— Reappraisal of the merger era necessary, 89. This content is only available as a PDF. Copyright, 1935, by the President and Fellows of Harvard College
The Banking Act of 1935Gayer, A., D.
doi: 10.2307/1882344pmid: N/A
Summary I. The Conditioning Economic Context, 97.— II. Federal Deposit Insurance, 99.— III. General Nature of Federal Reserve Law Amendments, 104.— IV. Changes in the Organization of the Federal Reserve System, 107.— V. The Instruments of Credit Control, 109.— VI. The Dilemma of Credit Policy, 114. This content is only available as a PDF. Copyright, 1935, by the President and Fellows of Harvard College
The Austrian Theory of Capital in Relation to Partial Equilibrium TheorySmithies, A.
doi: 10.2307/1882345pmid: N/A
Summary Consideration of durable instruments does not impair the formal validity of the Austrian analysis, 118.—Capital from the point of view of the individual entrepreneur, 122. — Continuity of the production function, 123.— Derivation of time factors from the production function, 124. — Speed of turnover, 125.— Working capital, 129.— Discounted marginal productivity, 132. — Fixed capital, 134. — Cost of services of durable instruments, 135.— Effect of small changes in the rate of interest on the relative employments of rival and complementary factors, 138. — Effect on speed of turnover of capital behavior of relative prices, 149. This content is only available as a PDF. Copyright, 1935, by the President and Fellows of Harvard College
Recent Publicationsdoi: 10.2307/1882350pmid: N/A
Article PDF first page preview Close This content is only available as a PDF. Copyright, 1935, by the President and Fellows of Harvard College