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.
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agricultural altho American amount application Aschersleben assessments bankers Banking Board bonds bounty capital carnallite cent Central Pacific charges combination Commission companies competition contracts cost demand depositors deposits depreciation dollars duties earnings economic effect efficiency existing expenses fact farmers Federal Reserve Act Federal Reserve Banks Federal Reserve Board gild guaranty fund important income increase individual industry interest Interstate Commerce Commission investment kainite labor land loans loss manufacturing marginal marginal utility member banks ment methods mines monopoly mortgage muriate of potash national banks Oklahoma operation organization plant point of view potash present principle production profits purpose railroad rates regulation Report result Scientific Management secure social point society Sollstedt Southern Pacific Stassfurt surplus syndicate tariff Taylor System theory tion trusts Union Pacific United utility valuation Westeregeln York
Page 251 - ... bank, no officer, director, employee, or attorney of a member bank shall be a beneficiary of or receive, directly or indirectly, any fee, commission, gift, or other consideration for or in connection with any transaction or business of the bank.
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 444 - They are led by an invisible hand to make nearly the same distribution of the necessaries of life, which would have been made, had the earth been divided into equal portions among all its inhabitants...
Page 661 - If a different course were pursued, the only method of providing for replacement of property which has ceased to be useful would be the investment of new capital and the issue of new bonds or stocks.
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 748 - In this world therefore every plain and simple doctrine as to the relations between cost of production, demand and value is necessarily false : and the greater the appearance of lucidity which is given to it by skilful exposition, the more mischievous it is.
Page 814 - I do not know much about the tariff, but I know this much, when we buy manufactured goods abroad, we get the goods and the foreigner gets the money. When we buy the manufactured goods at home, we get both the goods and the money.