The Economic Journal: The Quarterly Journal of the Royal Economic Society, Том 37Macmillan, 1927 Contains papers that appeal to a broad and global readership in all fields of economics. |
Інші видання - Показати все
The Economic Journal: The Quarterly Journal of the Royal ..., Том 30,Випуск 117 Повний перегляд - 1920 |
The Economic Journal: The Quarterly Journal of the Royal ..., Том 23,Випуск 89 Повний перегляд - 1913 |
Загальні терміни та фрази
A. L. BOWLEY agreement agricultural American amount average Bank of England banks British capital cartels census cent changes chapter co-operative coal combination Committee commodities competition considerable consumers cost cotton currency debt demand distribution economic economists effect estimate exchange expenditure exports fact factor favour figures Finance fluctuations foreign Germany gold Government Group important income tax increase industry interest investment Irish Free J. M. KEYNES Josiah Stamp labour land less loans London marginal costs ment method millions mines monetary organisation output payment period political possible pre-war present principle problem production Professor profits quantity question reduced relation result revenue Royal Economic Society saving scheme Scotland Sinking Fund social statistics supply tariff taxation theory tion trade Trade Unions unemployment Union United volume wage-earners wages whole workers
Популярні уривки
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 568 - But our representative firm must be one which has had a fairly long life, and fair success, which is managed with normal ability, and which has normal access to the economies, external and internal, which belong to that aggregate volume of production; account being taken of the class of goods produced, the conditions of marketing them and the economic environment generally.
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...
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. 1 These include some items on loan accounts.
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 567 - Inasmuch," writes Professor Seligman, " as the price is fixed at the cost of producing the most expensive portion of the supply that is actually sold, the difference between the lowest cost and the actual price — that is, the difference between the cost of producing the article and bringing it to market under the most disadvantageous circumstances and that of producing it under more favourable conditions — constitutes the •producers
Сторінка 392 - ... 2 Mr. Lloyd George, in announcing the settlement in the House of Commons on June 28, 1921, reiterated even more emphatically the same claims to the accompaniment of the plaudits of the assembly. As a matter of fact there is not the slightest evidence to show that the agreements reacted favourably on output. If we compare the tonnage of coal raised per person employed underground before and during the agreement, we shall fail to trace any objective results of the alleged new incentive.3 A peculiar...
Сторінка 568 - Again, we learn (p. 362 n.) that " the supplementary costs, which the owner of a factory expects to be able to add to the prime cost of its products, are the source of the quasi-rents which it will yield to...