The Economic Journal: The Quarterly Journal of the Royal Economic Society, Том 37

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Macmillan, 1927
Contains papers that appeal to a broad and global readership in all fields of economics.

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Сторінка 300 - Scotch are much handsomer; and that the English are great lovers of themselves, and of everything belonging to them; they think that there are no other men than themselves, and no other world but England; and whenever they see a handsome foreigner, they say that "he looks like an Englishman...
Сторінка 118 - ... and condemned to be a fugitive from them in search of the great world of cultured romance, where could a satisfying retreat be discovered ? Not, surely, on this vulgar earth. It is enough to say that Mr. Brooks has made this unhappy pilgrimage as fascinating as one of Henry James's own romances. PFB A HISTORY OF ECONOMIC PROGRESS IN THE UNITED STATES. By Walter W. Jennings. New York : Thomas Y. Crowell Company, 1926. xvi, 819 pp. Recently text-book writers in the social sciences have been hoping,...
Сторінка 355 - ... organisations engaged in wage bargaining by the development of unemployment insurance, wage rates have, over a wide area been set at a level which is too high...
Сторінка 567 - The man at the margin who makes no profits, or who makes only the minimum profits which correspond to wages of management or recompense for the risk, pays no tax because he makes no profits or pays only a negligible tax upon these minimum profits " (A. 121). "It makes surely all the difference in the world whether we are or are not to reckon among the costs of the marginal producer, which ex hypothesi determine price, all such profits as may properly be regarded as wages of management or remuneration...
Сторінка 574 - Principles, p. 818), and to the consideration of " the things which are not seen," might have been expected to give the business men a lead in this respect, and to point out that it makes no difference to the equilibrium attained whether the temporal sequence of events is (1) rise of price, (2) contraction of quantity demanded, (3) contraction of quantity supplied, or (1) contraction of quantity supplied, (2) rise of price, (3) contraction of quantity demanded. But instead the Committee preferred...
Сторінка 500 - The trade between all the different parts of the British empire would, in consequence of this uniformity in the custom-house laws, be as free as the coasting trade of Great Britain is at present. The British empire would thus afford within itself an immense internal market for every part of the produce of all its different provinces.
Сторінка 569 - The conclusion of economic analysis," he writes (A. 68), " is thus that, while the broad trend of price is governed by the lowest or most efficient 2 cost of production, that cost including normal profit and therefore such portion of normal profit as is taken by taxation of income, this stage is rarely reached in the actual conditions of life. In these conditions, the temporary positions of demand and supply are the governing factors, and price is determined by the cost of the marginal products,...
Сторінка 575 - I have sought in vain in Marshall's work for a direct expression of opinion on the effects of a general income tax. The nearest approach I can find is the following reply to the Questionnaire of the Royal Commission on Land Taxation (1897): "Generally speaking, the incidence of taxes on profits is widely and evenly diffused; they run over rapidly from one part of a trade to another and from one trade to other trades
Сторінка 144 - Balances of Income and Expenditure in the Transactions (other than lending and repayment of capital) between the United Kingdom and All Other Countries.
Сторінка 528 - Trusts, to maintain the smaller establishments. The following gives a pre-war comparison, from which the very small establishments are eliminated : — For France, the general form of the table at the Census of 1921 is similar. As regards this country, the only data available are those of the capitalisation of Joint Stock Companies. Over the period 1919 to 1925, of all companies registered, only 2-6 per cent, had a capitalisation of over £200,000, while over 67 per cent, were capitalised below £10,000.

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