Corporate Control and CapitalismPeterson, Shorey
doi: 10.2307/1880509pmid: N/A
Abstract I. Interpretations of control within corporations and its effects, 2. — II. Corporate change and capitalist fundamentals, 8. — III. Progress of the corporate conscience, 14. — IV. The stockholder's position, 18. * The author is grateful to William G. Shepherd for a number of useful suggestions. This content is only available as a PDF.
The Impact of the Corporation on Classical Economic TheoryBerle, Adolf, A.
doi: 10.2307/1880510pmid: N/A
Abstract Introduction, 25. — Preliminary: Some measurable fact-phenomena, 27; size and scope of large corporate activities, 27; distribution of ownership, 28; change in wealth-holding, 28; source of and power over capital, 29. — I. The shift from “capitalist” control, 30. — II. The immutability of classical economic principles, 31; competition, 32; maximization of profit, 33. — III. Stockholders derive what influence they have from social-political, not from entrepreneurial, factors, 37. * As example, see, among other recent books, Robin Marris, The Economic Theory of Managerial Capitalism (New York: Free Press of Glencoe, 1964). This content is only available as a PDF.
Another View of Corporate CapitalismKaysen, Carl
doi: 10.2307/1880511pmid: N/A
Abstract Peterson's three major propositions, 41. — Margins between revenues and costs and discretion of management to depart from goal of profit maximization, 42. — Imperfect product, labor, and capital markets and management choices, 44. — Decisions of management on the distribution of corporate income, 46. — Importance of the nature of the decision mechanism, 48. This content is only available as a PDF.
Per Capita Consumption and GrowthFei, John C., H.
doi: 10.2307/1880512pmid: N/A
Abstract Introduction, 52. — I. The CPCS model of growth, 54. — II. Growth in the labor-surplus type of underdeveloped economy, 60. — III. Revision of the consumption standard, 62. — IV. The long-run growth target, 65. — V. The average propensity to save and the dynamic production efficiency, 68. — VI. Growth under imperfect knowledge, 70. * The author has benefited from discussion with Gustav Ranis but, of course, remains responsible for the shortcomings of this paper. This content is only available as a PDF.
Labor Mobility and the Industrial Wage Structure in the Postwar United StatesUlman, Lloyd
doi: 10.2307/1880513pmid: N/A
Abstract Introduction, 73. — I. Some inferences from empirical work, 74. — II. Postwar movements of wages and employment in the industrial sector, 77; changes in wages and in employment — correlations, 78; wage levels and employment changes, 79; wage levels and wage changes; wage dispersion, 80; wage rates and quit rates; related evidence, 81. — III. Some instances of major change, 85; changes in production-worker wages and employment in the period including World War II, 86; changes in wages and changes in employment — extreme values, 87; changes in compensation and employment in broad industrial categories, 1948–60, 88. — IV. Summary and policy inferences, 95. * The writer wishes to thank Professor John T. Dunlop for his extensive and most helpful comments on an earlier version of this study. He is also greatly indebted to Mrs. Pauline Fong for computational assistance. This content is only available as a PDF.
A Nonsubstitution Theorem and Switching of TechniquesLevhari, David
doi: 10.2307/1880514pmid: N/A
Abstract Introduction, 98. — Samuelson's nonsubstitution theorem, 99. — Switching of techniques, 102. * This paper is part of a PhD. thesis completed at the Massachusetts Institute of Technology. The author is indebted to Professors P. A. Samuelson, R. M. Solow, F. M. Fisher, Mr. E. Sheshinski, and Mr. A. R. Dobell. I retain, of course, responsibility for any remaining errors. The following theorems have been proved or suggested by P. A. Samuelson. Here I shall present complete proof for his theorems. This content is only available as a PDF.
Choice as an Interdisciplinary AreaHoyt, Elizabeth E.
doi: 10.2307/1880515pmid: N/A
Abstract Choice as act and as field, 106. — The culture-centric predicament, 107. — Lack of communication between economist and psychologist, 108. — Part of the anthropologist, 109. — Beginnings of integration, 110. — The motive to integration, 112. This content is only available as a PDF.
Bank Portfolio Allocation, Deposit Variability, and the Availability DoctrineKane, Edward J.; Malkiel, Burton G.
doi: 10.2307/1880516pmid: N/A
Abstract I. Portfolio theory and the availability doctrine, 113. — II. Portfolio optimization under deposit variability, 120. — III. Some extensions of the argument, 125. — IV. Conclusions, 128. — Appendix, 130. * The authors wish to express their gratitude to William J. Baumol, Nevins D. Baxter, and Lester V. Chandler for helpful criticism of an earlier draft and to the Procter & Gamble Faculty Research Foundation and the American Bankers Association for their support of this project. This content is only available as a PDF.
Liquidity and the Term Structure of Interest RatesScott, Robert Haney
doi: 10.2307/1880517pmid: N/A
Abstract The data, 136. — Short-term interest rates, 136. — Long-term interest rates, 137. — Interest rate differentials, 137. — Preferences for liquidity of principal lenders, 141. — A closer approximation, 143. — Appendix, 144. * The author gratefully acknowledges the benefit he received from informal discussions with James S. Duesenberry, Milton Friedman, Thomas Mayer, and Walter Y. Oi. This content is only available as a PDF.