The Quarterly Journal of Economics

1886 - 2025

Current editor(s): Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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Volume 85, issue 4, 1971

The Optimal Distribution of Income pp. 551-579

Ray C. Fair

Empirical Support for the Theory of Induced Innovations pp. 580-604

William Fellner

On the Cost of Adjustment pp. 605-622

Michael Rothschild

Factor Market Distortions, Production, Distribution, and the Pure Theory of International Trade pp. 623-643

Stephen P. Magee

Development Patterns: An Interregional Study pp. 644-666

Kanhaya L. Gupta

Investment Decision with a General Equilibrium Mean-Variance Approach pp. 667-683

Robert S. Hamada

The Marginalist Principle in a Discrete Production Model under Uncertain Demand pp. 684-703

Nissan Liviatan

A Note on Professor Fei's "Per Capita Consumption and Growth" pp. 704-709

Delano Villanueva

Per Capita Consumption and Growth: Rejoinder pp. 710-711

J. C. H. Fei

Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model: Comment pp. 712-715

David T. Geithman

Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model: Rejoinder pp. 716-717

William Poole

The "Coase Theorem": A Reexamination pp. 718-723

G. A. Mumey

Stochastic Stability of Short-Run Market Equilibrium: A Comment pp. 724-727

Nagesh S. Revankar

Volume 85, issue 3, 1971

Economics of Athenian Drama: Its Relevance for the Arts in a Small City Today pp. 365-376

William Baumol

Economic Growth and International Trade in Pure Theory pp. 377-390

Jaroslav Vanek

Sources of Growth in Less Developed Countries: A Cross-Section Study pp. 391-408

Sherman Robinson

A Utilitarian Approach to the Concept of Equality in Public Expenditures pp. 409-415

Kenneth Arrow

The Analysis of Revenue Sharing in a New Approach to Collective Fiscal Decisions pp. 416-439

David Bradford and Wallace Oates

The Effect of Uncertainty on Resource Allocation in a General Equilibrium Model pp. 440-459

Thomas J. Rothenberg and Kenneth R. Smith

A Theory of Linear Profit-Sharing Incentives pp. 460-482

Marvin Berhold

Nonconstant Returns to Scale and the Technical Change Frontier pp. 483-493

John Conlisk

The Seigniorage Gain of an International Currency: An Empirical Test pp. 494-507

Benjamin J. Cohen

Factor Analysis and Growth: An Empirical Test pp. 508-512

Gustav F. Papanek

Risk and Corporate Rates of Return: Comment pp. 513-517

R. E. Caves and B. S. Yamey

Risk and Corporate Rates of Return: Reply pp. 518-522

I. N. Fisher and G. R. Hall

Option Demand and Consumer Surplus: Comment pp. 523-527

D. R. Byerlee

Option Demand and Consumer Surplus: Further Comment pp. 528-539

Charles J. Cicchetti and A. Myrick Freeman

Off-Farm Work: A Marginal Analysis pp. 540-545

Paul Polzin and Peter MacDonald

A Note on the Transactions Demand for Cash pp. 546-547

Russell D. Morris

Volume 85, issue 2, 1971

Foreign Exchange Shadow Prices: A Critical Review of Current Theories pp. 197-224

Edmar Bacha and Lance Taylor

Intermediate Goods in International Trade with Variable Proportions and Two Primary Inputs pp. 225-236

Robert D. Waene

Satisficing, Selection, and the Innovating Remnant pp. 237-261

Sidney Winter

Material Balances Under Uncertainty pp. 262-282

Martin Weitzman

Bank Preferences and Government Security Yields pp. 283-303

Charles R. Wolf

Financial Panics: Their Implications for the Mix of Domestic and Foreign Investments of Great Britain, 1880–1913 pp. 304-326

James M. Stone

The Income Distribution as a Pure Public Good pp. 327-336

Lester Thurow

Some Comments on the Role of Demand and Investment in Long-Term Growth pp. 337-343

Shigeo Minabe

Some Comments on the Role of Demand and Investment in Long-Term Growth: A Reply pp. 344-348

John Cornwall

Swaps and Roosa Bonds as an Index of the Cost of Cooperation in the "Crisis Zone" pp. 349-356

John Makin

Inventories, Production Smoothing, and the Flexible Accelerator pp. 357-362

Paul Darling and Michael Lovell

Volume 85, issue 1, 1971

An Econometric Model of the Medicare System pp. 1-20

Martin Feldstein

Earnings Inequality and Economic Development pp. 21-39

Barry Chiswick

Capital Accumulation, Labor Saving, and Labor Absorption Once More pp. 40-65

Jeffrey G. Williamson

International Trade Theory Without Homogeneity pp. 66-76

James Melvin

A Disneyland Dilemma: Two-Part Tariffs for a Mickey Mouse Monopoly pp. 77-96

Walter Oi

A Model of Short-Run Bank Behavior pp. 97-118

Dennis J. Aigner and William R. Bryan

Macroeconomic Policies and the Distribution of the World Money Supply pp. 119-146

Don E. Roper

A Note on John Kain's "Housing Segregation, Negro Employment and Metropolitan Decentralization" pp. 147-160

Paul Offner and Daniel H. Saks

Rejoinder pp. 161-162

John Kain

Thresholds and Transactions Costs pp. 163-170

Nicos E. Devletoglou

A Note on "Trickling Down" pp. 171-178

Lewis J. Perl and Loren M. Solnick

A Welfare Function Using "Relative Intensity" of Preference pp. 179-186

Frank DeMeyer and Charles Plott

American Trade Union Growth, 1900–1960; A Comment pp. 187-193

R. B. Mancke