The Quarterly Journal of Economics, Volume 36
Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe
Harvard University, 1922 - 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.
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adjustment agricultural altho American amount arithmetic mean average bankers basis borrowing British capital cars cause cent charges Chron coal commodity prices competition Congress Poland cost crops currency cycle depreciation domestic commodities earnings eastern Europe economic economic rent economists effect England equipment exchange rates export commodities fact factors farm favor federal control federal reserve banks Federal Reserve Board foreign Germany import prices income increase index numbers industry interest Interstate Commerce Commission labor land less loans media of payment ment merchandise mills mines modities months movement nomic operation owner peasant pecuniary period plant present problem production Professor profit railroad Reichsbank relative rent Report result roads royalty Russia social surplus tariff taxes tend theory tion total money values trade Underwood tariff United valuation value of gold value theory Venus wage rates whole wool woolen workers yarns yield
Page 74 - forms of social consciousness. The mode of production in material life determines the general character of the social, political and spiritual processes of life. ... At a certain stage of their development the material forces of production in society come in conflict with the existing relations of production.
Page 74 - constitute the economic structure of society — the real foundation, on which rise legal and political superstructures and to which correspond definite forms of social consciousness. The mode of production in material life determines the general character of the social, political and spiritual processes of life. ... At a certain stage of their development the material forces of production in society come
Page 78 - by close guilds now no longer sufficed for the growing wants of the new markets. The manufacturing system took its place. . . . Meantime the markets kept ever growing, the demand ever rising. Even manufacturing no longer sufficed. Thereupon, steam and machinery revolutionized industrial production. The place of manufacture was taken by the giant, Modern
Page 76 - From this point of view the final causes of all social changes and political revolutions are to be sought, not in men's brains, not in man's better insight into eternal truth and justice, but in the changes in the modes of production and
Page 79 - I was led by my studies to the conclusion that legal relations as well as forms of state could neither be understood by themselves, nor explained by the so-called general progress of the human mind, but that they are rooted in the material conditions of
Page 76 - which seeks the ultimate cause and the great moving power of all important historic events in the economic development of society, in the changes in the modes of production and exchange, in the consequent division of society into distinct classes, and in the struggle of these classes against one another.
Page 78 - Meantime the markets kept ever growing, the demand ever rising. Even manufacturing no longer sufficed. Thereupon, steam and machinery revolutionized industrial production. The place of manufacture was taken by the giant, Modern Industry.
Page 31 - following the date of the proclamation by the President of the exchange of ratifications of the treaty of peace." Mr. McAdoo expressed the view that federal control during one year of war and one or two years of the reconstruction period
Page 74 - society. ... In broad outlines we can designate the Asiatic, the ancient, the feudal, and the modern bourgeois methods of production as so many epochs in the progress of the economic formation of society.
Page 77 - Upon the several forms of property, upon the social conditions of existence, a whole superstructure is reared of various and peculiarly shaped feelings, illusions, habits of thought and conceptions of life. The whole class produces and shapes these out of its material foundation and out of the corresponding social conditions. The individual