The Quarterly Journal of Economics, Volume 1

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Harvard University, 1887 - Economics
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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.

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Page 392 - League, formed in 1 88 1, the Report of the Royal Commission on the Depression of Trade and Industry...
Page 159 - To secure to the workers the full enjoyment of the wealth they create, sufficient leisure in which to develop their intellectual, moral and social faculties; all of the benefits, recreation and pleasures of association; in a word, to enable them to share in the gains and honors of advancing civilization.
Page 136 - American Statesmen. A Series of Biographies of Men conspicuous in the Political History of the United States. EDITED BY JOHN T. MORSE, JR. The object of this series is not merely to...
Page 161 - To shorten the hours of labor by a general refusal to work for more than eight hours. XXII. To persuade employers to agree to arbitrate all differences which may arise between them and their employes, in order that the bonds of sympathy between them may be strengthened, and that strikes may be rendered unnecessary.
Page 159 - The alarming developments and aggressiveness of great capitalists and corporations, unless checked, will inevitably lead to the pauperization and hopeless degradation of the toiling masses. It is imperative, if we desire to enjoy the full blessings of life, that a check be placed upon unjust accumulation, and the power for evil of aggregated wealth. This much desired object can be accomplished only by the united efforts of those who obey the Divine injunction : "In the sweat of thy face shalt thou...
Page 405 - Every, loan which a bank makes, is, in its first shape, a credit given to the borrower on its books, the amount of which it stands ready to pay, either in its own notes, or in gold or silver, at his option.
Page 277 - The earnings of management of a manufacturer represent the value of the addition which his work makes to the total produce of capital and industry.
Page 364 - The point is fundamental; any difference of opinion on it involves radically different conceptions of Political Economy, especially in its practical aspect. On the one view,: we have only to consider how a sufficient production may) be combined with the best possible distribution, but on the;.

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