A Study of Mitchell's Inquiries into Prices

B. W. King

The Quarterly Journal of Economics, 1917, vol. 31, issue 4, 656-673

Abstract: I. Introductory. Method and purpose of this paper; Mitchell's figures subjected to more refined methods, 656. — II. Comparison of wholesale and retail prices, 658; lag of retail prices not clearly established, 659. — Producers' goods and consumers' goods; examination of annual, quarterly and monthly data, 660. — III. Raw materials, partly manufactured and finished goods move concurrently, 663. — Influence of raw materials eliminated, 664. — Dissimilar price fluctuations of producers' and consumers' goods, 665. — IV. Organic and inorganic goods; Sombart's theory tested, 666. — V. Wages in England and United States; closer relation between wages and wholesale prices in the former, 668. — VI. Summary and conclusions. Mitchell confirmed in part only, 671. — Annual figures not necessarily homogeneous; quarterly figures suggested, 673.

Date: 1917
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