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 74, issue 4, 1960

Utility, Strategy, and Social Decision Rules pp. 507-535

William Vickrey

A Conservative's Ideas on Economic Reform pp. 536-542

Thomas Nixon Carver

Market Structure and Uncertainty in Oil and Gas Exploration pp. 543-571

James W. McKie

International Liquidity and the Balance of Payments of a Reserve-Currency Country pp. 572-586

Peter Kenen

The Erosion of Marshall's Theory of Value pp. 587-600

Peter Newman

The Erosion of Marshall's Theory of Value: Comment pp. 600-601

D. H. Robertson

A Theory of Interfirm Organization pp. 602-613

Almarin Phillips

Monetary-Fiscal Policy and Economic Growth in an Open Economy pp. 614-632

David C. Smith

An Alternative Proof of the Factor Price Equalization Theorem pp. 633-634

J. Vanek

Alternative Profit Criteria pp. 635-640

D. M. Lamberton

State and Regional Payments Mechanisms: Comment pp. 641-648

Richard L. Pfister

Reply pp. 648-652

James C. Ingram

Structural Aspects of Monetary Velocity: Comment pp. 653-657

William L. Miller

Reply pp. 657-658

G. Garvy

The Politics of Political Economists: Comment pp. 659-665

Murray N. Rothbard

The Politics of Political Economists: Comment pp. 666-669

A. W. Coats

Reply pp. 670-671

George J. Stigler

Volume 74, issue 3, 1960

The Economics of "Bills Preferably" pp. 341-373

Ralph A. Young and Charles A. Yager

Employment, Growth and Price Levels: A Review Article pp. 374-392

Calvin B. Hoover

The Responses of the Bakers, Longshoremen and Teamsters to Public Exposure pp. 393-412

Philip Taft

A Note on Social Overhead and a Dynamic Analysis of Industry pp. 413-415

Arthur H. Cole

Growth and Fluctuations: A Causal Interpretation pp. 416-436

Dale Jorgenson

Is Oligopoly Illegal? A Jurisprudential Approach pp. 437-463

Jacob Weissman

Some Aspects of Returns to Scale in Business Administration pp. 464-471

Martin J. Beckmann

Security and a Financial Theory of Investment pp. 472-492

Myron J. Gordon

Economies of Scale: Some Statistical Evidence: Comment pp. 493-497

S. C. Schuman and S. B. Alpert

Economies of Scale: Some Statistical Evidence: Reply pp. 497-499

Frederick T. Moore

Volume 74, issue 2, 1960

Soviet Inflationary Pressures, 1928–1957: Causes and Cures pp. 167-188

Franklyn D. Holzman

Productivity, Real Wages, and Economic Growth pp. 189-205

Arthur Smithies

The Stability of Growth Equilibrium pp. 206-226

F. H. Hahn

The Monetary Dynamics of International Adjustment under Fixed and Flexible Exchange Rates pp. 227-257

Robert Mundell

Credit Risk and Credit Rationing pp. 258-278

Donald R. Hodgman

Optimal Water Allocation: The North Platte River pp. 279-295

G. S. Tolley and V. S. Hastings

Pattern Bargaining: A Case Study of the Automobile Workers pp. 296-317

Harold M. Levinson

Keynes and the Classics: A Dynamical Perspective pp. 318-323

Robert Clower

Impact of Unions on Wage Levels and Income Distribution: Comment pp. 324-329

Lowell E. Gallaway

Dealer-Manufacturer Relationship in the Automobile Industry: Comment pp. 330-333

Herman Stekler

Dealer-Manufacturer Relationship in the Automobile Industry: Reply pp. 333-337

Anthony Y. C. Koo

Volume 74, issue 1, 1960

Uncertainty, Likelihoods and Investment Decisions pp. 1-28

James W. Angell

Imperfect Markets Through Lack of Knowledge pp. 29-52

S. A. Ozga

Foreign Trade Multiplier, Input-Output Analysis and the Consumption Function pp. 53-64

Kenichi Miyazawa

The Effect of Tariffs on International and Domestic Prices pp. 65-78

Robert Baldwin

On Theories of Acceleration and Growth pp. 79-99

C. E. Ferguson

The Casual Labor Problem in Indian Manufacturing pp. 100-116

Ralph C. James

German Neoliberalism pp. 117-149

Henry M. Oliver

Waiting and the Period of Production: Comment pp. 150-153

Egon Neuberger

Economies of Scale; Some Statistical Evidence: Comment pp. 154-157

Alan A. Walters

Mill and the Law of Markets: Comment pp. 158-162

Laurence C. Hunter

Volume 73, issue 4, 1959

Science and Welfare in Economic Policy pp. 513-521

F. Zeuthen

The Politics of Political Economists pp. 522-532

George Stigler

Financial Intermediaries and Monetary Controls pp. 533-553

Warren L. Smith

On "The Methodology of Positive Economics" pp. 554-575

Eugene Rotwein

Trends in International Trade: Review Article pp. 576-595

J. H. Richter

Usher and Schumpeter on Invention, Innovation, and Technological Change pp. 596-606

Vernon Ruttan

Labor Hiring Policies and Monopolistic Competition Theory pp. 607-618

Brian McCormick

State and Regional Payments Mechanisms pp. 619-632

James C. Ingram

Underutilized Resources, "Directed Demand," and Deficit Financing (Illustrated by Reference to Nigeria) pp. 633-644

Sayre P. Schatz

Puerto Rico: An Evaluation of a Successful Development Program pp. 645-671

Werner Baer

A Note on the Theory of Investment and Production pp. 672-681

Rogue F. Miller

Satisfactory Profits as a Guide to Firm Behavior: Comment pp. 682-684

Don Maekwalder

Reply pp. 684-685

R. M. Cyert and J. G. March

Re-examination of the Speculative Demand for Money: Comment pp. 686-691

George Horwich

Reply pp. 691-694

Richard M. Davis

Volume 73, issue 3, 1959

Waiting and the Period of Production pp. 351-372

Robert Dorfman

Public Policy and Increased Competition in the Synthetic Ammonia Industry pp. 373-392

William H. Martin

John Rae on Economic Development: A Note pp. 393-406

Joseph J. Spengler

Classical and Keynesian Employment Theories: A Reconciliation pp. 407-428

Edgar O. Edwards

Structural Aspects of Money Velocity pp. 429-447

George Garvy

The Ebb Tide of Capitalism?: Schumpeter's Prophecy Re-examined pp. 448-465

James R. Schlesinger and Almarin Phillips

Choice of Capital Intensity Further Considered pp. 466-484

Amartya Kumar Sen

Are Social Indifference Curves Convex? pp. 485-496

W. M. Gorman

Peak Loads and Efficient Pricing: A Prior Contribution pp. 497-498

Jack Hirshleifer

Accelerated Investment as a Force in Economic Development: Comment pp. 499-502

Karl de Schweinitz

Accelerated Investment as a Force in Economic Development: Reply pp. 502-503

Howard S. Ellis

Mr. Wright's Theory of Interest: Comment pp. 504-508

William P. Yohe

Mr. Wright's Theory of Interest: Reply pp. 508-509

A. Ll. Wright

Volume 73, issue 2, 1959

Impact of Unions on Wage Levels and Income Distribution pp. 177-196

Robert Ozanne

The United States Balance of Payments in the Recession pp. 197-206

J. Herbert Furth

Credit Policy at the Discount Window pp. 207-216

C. R. Whittlesey

A Modern Treatment of the Ricardian Economy: II. CApital and Interest Aspects of the Pricing Process pp. 217-231

Paul A. Samuelson

Economies of Scale: Some Statistical Evidence pp. 232-245

Frederick T. Moore

Consumer Reactions to Inflation pp. 246-262

Eva Mueller

John Stuart Mill and the Law of Markets pp. 263-274

Bela A. Balassa

The Empirical Significance of the Real Balance Effect pp. 275-291

Thomas Mayer

Dynamic Shortages and Price Rises: The Engineer-Scientist Case pp. 292-308

Kenneth Arrow and William M. Capron

On Hicks's Concept of Perfect Stability in Multiple Exchange pp. 309-315

Robert E. Kuenne

A Theoretical Note on the Dealer-Manufacturer Relationship in the Automobile Industry pp. 316-325

Anthony Y. C. Koo

A Re-Examination of the Speculative Demand for Money pp. 326-332

Richard M. Davis

Credit Policy at the Discount Window: Comment pp. 333-337

Robert V. Roosa

Credit Policy at the Discount Window: Reply pp. 337-338

C. R. Whittlesey

International Specialization and the Concept of Balanced Growth: Comment pp. 339-346

Ronald Findlay

International Specialization and the Concept of Balanced Growth: Reply pp. 346-347

John Sheahan

Volume 73, issue 1, 1959

A Modern Treatment of the Ricardian Economy: I. The Pricing of Goods and of Labor and Land Services pp. 1-35

Paul A. Samuelson

The Effects of Recent Long-Term Wage Agreements on General Wage Level Movements: 1950–1956 pp. 36-60

Benson Soffer

The Theory of Investment and Production pp. 61-87

Vernon L. Smith

The Yugoslav Investment Auctions pp. 88-115

Egon Neuberger

Uncertainty and Price Theory pp. 116-130

Edwin S. Mills

Professor Lutz and the Structure of Interest Rates pp. 131-144

Dudley G. Luckett

Free Trade in "CORN": A Statistical Study of the Prices and Production of Wheat in Great Britain from 1873 To 1914 pp. 145-168

Mancur Olson and Curtis C. Harris

Forecasting Uses of Anticipatory Data: Comment pp. 169-170

W. H. Locke Anderson

Forecasting Uses of Anticipatory Data: Reply pp. 171-172

Franco Modigliani and H. M. Weingartner