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 80, issue 4, 1966

Paradoxes in Capital Theory: A Symposium: Changes in the Rate of Profit and Switches of Techniques pp. 503-517

Luigi L. Pasinetti

The Nonswitching Theorem is False pp. 518-519

David Levhari and Paul A. Samuelson

Refutation of the Nonswitching Theorem pp. 520-525

Michio Morishima

The Nature and Implications of the Reswitching of Techniques pp. 526-553

Michael Bruno, Edwin Burmeister and Eytan Sheshinski

Switching of Techniques pp. 554-567

Pierangelo Garegnani

A Summing Up pp. 568-583

Paul A. Samuelson

Intermediate Products and Differential Tariffs: A Generalization of Lerner's Symmetry Theorem pp. 584-615

Ronald McKinnon

The Role of Spending in Physiocratic Theory pp. 616-632

Jerah Johnson

Equilibrium Dynamics with Heterogeneous Capital Goods pp. 633-646

F. H. Hahn

The Optimality of Pure Competition in the Capacity Problem pp. 647-651

Lawrence H. Officer

Monopoly under General Equilibrium: Comment pp. 652-659

Robert L. Bishop

Volume 80, issue 3, 1966

Trends in Concentration of Union Membership, 1897–1962 pp. 343-360

Marten S. Estey

Strategic Aspects of Taxation on Foreign Investment Income pp. 361-375

Koichi Hamada

Wages, Profits, and the Dynamics of Growth pp. 376-399

Jan Mossin

Government Firms in Oligopoly Industries: A Short-Run Analysis pp. 400-412

William C. Merrill and Norman Schneider

A Model of the Demand for Money by Firms pp. 413-435

Merton Miller and Daniel Orr

Large Economic Units, Banks, and The Transactions Demand for Money pp. 436-442

Case M. Sprenkle

Further Thoughts on Official Support of the Forward Exchange Rate pp. 443-455

Henry N. Goldstein

Measuring the Short-Run Impact of a Country's Import Restrictions on its Exports pp. 456-462

Benjamin I. Cohen

Peak Loads and Efficient Pricing: Comment pp. 463-471

James Buchanan

Further Comment pp. 472-480

André Gabor

Note on a Marshallian Conjecture pp. 481-484

Murray Kemp

The Cloakroom Rule of International Reserves: Comment pp. 485-487

Herbert Grubel

Schumpeter and Max Weber: Comment pp. 488-491

Niles M. Hansen

Volume 80, issue 2, 1966

Big Steel, Invention, and Innovation pp. 167-189

Walter Adams and Joel B. Dirlam

International Investment and International Trade in the Product Cycle pp. 190-207

Raymond Vernon

Benefit-Cost Analysis: Its Relevance to Public Investment Decisions pp. 208-226

Arthur Maass

Community Antenna Television Systems and Local Television Station Audience pp. 227-251

Franklin M. Fisher, Victor E. Ferrall, Jr., David Belsley and Bridger M. Mitchell

Investment Decision Under Uncertainty: Applications of the State-Preference Approach pp. 252-277

J. Hirshleifer

The Solution of Qualitative Comparative Static Problems pp. 278-295

Kelvin Lancaster

Effects of the Threat of Losses on Duopoly Bargaining pp. 296-313

James L. Murphy

A Rationalization of the Precautionary Demand for Cash pp. 314-324

Edward L. Whalen

The Effect of Monopoly in Commodity Markets Upon the Foreign Exchange Market pp. 325-332

Lawrence H. Officer

The Expectations Hypothesis, the Yield Curve, and Monetary Policy: Comment pp. 333-335

Jack W. Cox and Frederick W. Deming

Relative Income of Negro Men: Some Recent Data pp. 336

Rashi Fein

Volume 80, issue 1, 1966

The Strategy of Open Market Operations pp. 1-30

Jack M. Guttentag

Price Changes and the Rate of Change of Money Wage Earnings in Japan, 1955–1962 pp. 31-47

Tsunehiko Watanabe

The Valuation of Convertible Securities pp. 48-59

William Baumol, Burton G. Malkiel and Richard E. Quandt

A Markov Model of the Term Structure pp. 60-72

Gordon Pye

Some Effects of Uncertainty: Simulation of a Model of Price pp. 73-87

Arthur J. Nevins

Employment and Industrialization in Developing Countries pp. 88-107

Werner Baer and Michel E. A. Hervé

Development Strategy and Investment Criteria: Complementary or Competitive? pp. 108-120

Timothy King

An Analysis of the Eckstein-Wilson Wage Determination Model pp. 121-136

Frank C. Ripley

A Simplified Growth Model pp. 137-146

Andrew Brody

Monopoly Under General Equilibrium: A Geometric Exercise pp. 147-153

Daniel M. Schydlowsky and Ammar Siamwalla

On the Goals of the Firm: Comment pp. 154-158

Marshall Hall

Regional Allocation of Investment: The Continuous Version pp. 159-160

Anisur Rahman

Volume 79, issue 4, 1965

Investment Decision under Uncertainty: Choice—Theoretic Approaches pp. 509-536

J. Hirshleifer

Whither French Planning? pp. 537-554

Bela Balassa

A Factor Analysis of The Interrelationship Between Social and Political Variables and Per Capita Gross Naitonal Product pp. 555-578

Irma Adelman and Cynthia Taft Morris

A Dynamic Theory of Interfirm Behavior pp. 579-607

Oliver Williamson

The Structure of Fiscal Models pp. 608-622

John Cornwall

Overstatement of Industrial Growth in Poland pp. 623-641

Maurice Ernst

Intertemporal Efficiency of Capital Accumulation and the von Neumann Ray pp. 642-648

Ranjit K. Sau

The Effects of Ad Valorem and Specific Taxes on Prices pp. 649-656

Paul Taubman

The Slanting of Subjective Probabilities — Agreement on Some Essentials pp. 657-663

K. R. W. Brewer and William Fellner

The Expectations Hypothesis, the Yield Curve, and Monetary Policy: Comment pp. 664-668

James van Horne

The Expectations Hypothesis, the Yield Curve, and Monetary Policy: Reply pp. 669-670

John H. Wood

The Theory of Relative Shares: Comment pp. 671-676

Frederick W. Bell

The Theory of Relative Shares: Reply pp. 676-679

Lowell E. Gallaway

Volume 79, issue 3, 1965

The Cloakroom Rule of International Reserves: Reserve Creation and Resources Transfer pp. 337-355

Fritz Machlup

The Costs of Protection and Self-Sufficiency pp. 356-372

Harry G. Johnson

Schumpeter and Max Weber — Central Visions and Social Theories pp. 373-396

Ronan Macdonald

Why Bankers Ration Credit pp. 397-416

Marshall Freimer and Myron J. Gordon

The Role of Alternative Cost in Project Design and Selection pp. 417-430

Peter O. Steiner

Open Market Operations, Interest Rates, and Deposit Growth pp. 431-454

Richard G. Davis

Equilibrium Growth in the International Economy pp. 455-464

Pranab Bardhan

The Elasticity of Substitution and the Savings Ratio in the Neoclassical Theory of Growth pp. 465-471

C. E. Ferguson

Economic Theory as a Language pp. 472-477

Louis De Alessi

Minimum Wages, Factor Substitution and the Marginal Producer pp. 478-486

David E. Kaun

Thrift, Price Levels, and Employment — A Neglected Approach pp. 487-491

David McCord Wright

Corporate Control and Capitalism: Reply pp. 492-499

Shorey Peterson

On the Goals of the Firm: Comment pp. 500-503

Franklin M. Fisher

On the Goals of the Firm: Reply pp. 504

Dale K. Osborne

Volume 79, issue 2, 1965

The Impact of Underdevelopment on Economic Planning pp. 167-194

Andrew M. Watson and Joel B. Dirlam

The Impact of Alternative Government Policies Under Varying Exchange Systems pp. 195-208

Anne O. Krueger

The Wizard Who Oversimplified: A Fable pp. 209-211

Harold Peterson

Adam Smith's Philosophy of Science pp. 212-233

Herbert F. Thomson

n Achievement and Economic Growth: A Critique pp. 234-241

Sayre P. Schatz

Reply pp. 242-245

David C. McClelland

Rejoinder pp. 246-247

Sayre P. Schatz

Profits from Forward Exchange Speculation pp. 248-262

Herbert Grubel

The Role of Conflict in Economic Decision-Making Groups: Some Empirical Results pp. 263-277

Joseph L. Bower

Convexity in the Theory of Choice under Risk pp. 278-290

Menahem E. Yaari

The Demand for Money: The Evidence from the Short-Run Data pp. 291-303

H. R. Heller

A Note on Stock-Flow Models of Consumer Behavior pp. 304-309

Josef Hadar

Linear Decision Rules for Economic Stabilization and Growth: Comment pp. 310-316

John H. Wood

On Maturity Measures of the Public Debt: Comment pp. 317-321

D. A. Bowers

The Premium for Risk as a Determinant of Interest Rates in Underdeveloped Rural Areas: Comment pp. 322-325

A. G. Chandavarkar

The Premium for Risk as a Determinant of Interest Rates in Underdeveloped Rural Areas: Reply pp. 325-327

Anthony Bottomley

Volume 79, issue 1, 1965

Corporate Control and Capitalism pp. 1-24

Shorey Peterson

The Impact of the Corporation on Classical Economic Theory pp. 25-40

Adolf A. Berle

Another View of Corporate Capitalism pp. 41-51

Carl Kaysen

Per Capita Consumption and Growth pp. 52-72

John C. H. Fei

Labor Mobility and the Industrial Wage Structure in the Postwar United States pp. 73-97

Lloyd Ulman

A Nonsubstitution Theorem and Switching of Techniques pp. 98-105

David Levhari

Choice as an Interdisciplinary Area pp. 106-112

Elizabeth E. Hoyt

Bank Portfolio Allocation, Deposit Variability, and the Availability Doctrine pp. 113-134

Edward Kane and Burton G. Malkiel

Liquidity and the Term Structure of Interest Rates pp. 135-145

Robert Haney Scott

The Rationality of Official Intervention in the Forward Exchange Market: Comment pp. 146-148

Marvin E. Rozen

The Rationality of Official Intervention in the Forward Exchange Market: Further Comment pp. 148-150

Richard Ward

The Rationality of Official Intervention in the Forward Exchange Market: Reply pp. 150-152

Jerome L. Stein

"The Demand for Money: A Cross-Section Study of Business Firms": Comment pp. 153-159

G. S. Maddala and Robert C. Vogel

“The Demand for Money: A Cross-Section Study of Business Firms": Further Comment pp. 160-162

Edward L. Whalen

“The Demand for Money: A Cross-Section Study of Business Firms": Reply pp. 162-165

Allan Meltzer