The Quarterly Journal of Economics, Volume 28
Harvard University, 1914 - Economics
Edited at Harvard University's Department of Economics, this journal covers all aspects of the field -- from the journal's traditional emphasis on microtheory, to both empirical and theoretical macroeconomics.
What people are saying - Write a review
We haven't found any reviews in the usual places.
Other editions - View all
ad valorem altho American amount applied Aschersleben assessments bankers Banking Board basis bounty capital carnallite cent Commission Commissioner competition concept contracts corporations cost deduction demand depositors deposits determined district dollars duties economic economists effect exchange existing expenses fact Federal Reserve Act Federal Reserve Banks Federal Reserve Board gild guaranty fund Harvard Harvard University important income increase individual industry interest kainite labor losses manufacturing marginal marginal utility member banks ment method mines monopoly muriate of potash national banks notes Oklahoma operation organization payment person Pisa point of view potash present principle production profits purpose railroad rates regard rent Report result salts Scientific Management securities silk social point society Sollstedt Stassfurt surplus syndicate tariff Taylor System theory tion trust United utility valuation wages wealth Westeregeln York
Page 660 - Before coming to the question of profit at all the company is entitled to earn a sufficient sum annually to provide not only for current repairs but for making good the depreciation and replacing the parts of the property when they come to the end of their life. The company is not bound to see its property gradually waste, without making provision out of earnings for its replacement. It is entitled to see that from earnings the value of the property invested is kept unimpaired, so that at the end...
Page 661 - The Company is not bound to see its property gradually waste, without making provision out of earnings for its replacement. It is entitled to see that from earnings the value of the property invested is kept unimpaired, so that at the end of any given term of years the original investment remains as it was at the beginning.
Page 279 - And we concur with the court below in holding that the value of the property is to be determined as of the time when the inquiry is made regarding the rates. If the property, which legally enters into the consideration of the question of rates, has increased in value since it was acquired, the company is entitled to the benefit of such increase.
Page 53 - ... employers, and all officers and employees of the United States having the control, receipt, custody, disposal, or payment of interest, rent, salaries, wages, premiums, annuities...
Page 375 - We are in favour of making the British sovereign a legal tender and a current coin in India. We also consider that, at the same time, the Indian mints should be thrown open to the unrestricted coinage of gold on terms and conditions such as govern the three Australian branches of the Royal Mint.
Page 444 - The rich only select from the heap what is most precious and agreeable. They consume little more than the poor ; and in spite of their natural selfishness and rapacity, though they mean only their own conveniency, though the sole end which they propose from the labours of all the thousands whom they employ be the gratification of their own vain and insatiable desires, they divide with the poor the produce of all their improvements.
Page 58 - ... gains, profits, and income from all other sources, and also the deductions asked for, and the showing thus made shall then become a part of the return to be made in his...
Page 798 - There follows a period during which depression spreads over the whole field of business and grows more severe. Consumers...
Page 661 - If, however, a company fails to perform this plain duty and to exact sufficient returns to keep the investment unimpaired, whether this is the result of unwarranted dividends upon over-issues of securities, or of omission to exact proper prices for the output, the fault is its own.
Page 481 - I am desirous of confining it, but more often in the popular sense, in which the term is usually employed. He tells us, that the demand for timber, and its consequent high price, in the more southern countries of Europe, caused a rent to be paid for forests in Norway, which could before afford no rent.