Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 79, issue 6, 1971

Measuring Human Capital Returns pp. 1195-1215

C M Lindsay

Economic Stabilization in Wartime: A Comparative Case Study of Korea and Vietnam pp. 1216-43

G E Makinen

Do Blacks Pay More for Housing? pp. 1244-57

Victoria Lapham

Collusion and Entry pp. 1258-77

John T Wenders

Executive Motivations, Earnings, and Consequent Equity Performance pp. 1278-92

Robert Tempest Masson

Safety Margins and Profit Maximization in the Theory of the Firm pp. 1293-1301

Richard H Day, Dennis J Aigner and Kenneth R Smith

An Economic Model of a Professional Sports League pp. 1302-19

Mohamed El-Hodiri and James Quirk

Optimal Replacement of Capital Goods: The Early New England and British Textile Firm pp. 1320-34

Jeffrey Williamson

Investment and the Rate of Interest pp. 1335-45

Agnar Sandmo

Consumer Discount Rate and the Horizon: New Evidence pp. 1346-59

Michael Landsberger

Optimal Commodity and Trade Taxes pp. 1360-68

Rüdiger Dornbusch

Marshall and Turvey on Peak Load or Joint Product Pricing pp. 1369-77

Michael Crew and Paul R Kleindorfer

Residential Location in a Three-dimensional City pp. 1378-87

Colin Wright

Applications of a Theorem by Scarf on Cooperative Solutions to N-Person Games to Problems of Disarmament pp. 1388-96

Peter Jason Kalman

The Possibility of a Paretian Liberal: Impossibility Theorems and Cardinal Utility pp. 1397-1402

Yew-Kwang Ng

The Impossibility of a Paretian Liberal: Comment by Two Who are Unreconstructed pp. 1403-05

Claude Hillinger and Victoria Lapham

The Impossibility of a Paretian Liberal: Reply pp. 1406-07

Amartya Sen

The Balanced-Budget Policy and Income Stability pp. 1408-11

Oystein Pettersen

Capital Formation by Expenditures on Education in 1960 pp. 1412-17

Lewis C Solmon

Cash Reserve Ratios and Banking Reserve Behavior pp. 1418-19

Phaup, Marvin M,

Cash Reserves Ratios and Banking Reserves Behavior: A Clarification pp. 1420-21

J A Galbraith and Anna L Guthrie

Volume 79, issue 5, 1971

Money, Interest, and Prices in Market Disequilibrium pp. 943-61

Herschel Grossman

The Optimal Rate of Secular Inflation pp. 962-82

Prakash Lohani and Earl A Thompson

Technological Externalities and Resource Allocation pp. 983-1001

Lawrence D Schall

Notes on the Economics of Infinity pp. 1002-11

Karl Shell

Migration Flows, Their Determinants and the Effects of Return Migration pp. 1012-31

John Vanderkamp

Rates of Amortization of Advertising Expenditures pp. 1032-58

Yoram Peles

The Theory of the Multinational Firm: Optimal Behavior under Different Tariff and Tax Rates pp. 1059-72

Thomas Horst

A Theory of Risk Preference in Gambling pp. 1073-83

J C Handa

Alienation, Freedom, and Economic Organization pp. 1084-94

Edwin Dolan

The Square-Root Law of Precautionary Reserves pp. 1095-1104

Julio H G Olivera

Ibn Khaldun: A Fourteenth-Century Economist pp. 1105-18

Jean David C Boulakia

Joint Products, Collective Goods, and External Effects: Comment pp. 1119-28

David Bradford

Joint Products, Collective Goods, and External Effects: Comment pp. 1129-35

Estelle James

Joint Products, Collective Goods, and External Effects: Comment pp. 1136-37

Neil M Singer

Joint Products, Collective Goods, and External Effects: Comment pp. 1138-40

J Hayden Boyd

Joint Products, Collective Goods, and External Effects: Reply pp. 1141-50

E J Mishan

Area Employment Conditions and Labor-Force Participation: A Microstudy pp. 1151-60

Malcolm Cohen, Robert Lerman and Samuel Rea

The Demand for Money and the Price Level pp. 1161-70

Dean S Dutton

A Note on United States Direct Investment and Human Capital pp. 1171-75

Raymond Lubitz

The Welfare Implications of Homosexuality pp. 1176-77

Falero, Frank,

Volume 79, issue 4, 1971

Evaluation of Life and Limb: A Theoretical Approach pp. 687-705

E J Mishan

A Study of the Effects of Competition in the Tax-exempt Bond Market pp. 706-38

Reuben Kessel

Short-Term Capital Movements of the United Kingdom, 1963-1967 pp. 739-75

Zoran Hodjera

Using a Probabilistic Frontier Production Function to Measure Technical Efficiency pp. 776-94

Charles Timmer

Interprovincial Migration in Canada as a Human Capital Decision pp. 795-804

Gene Laber and Richard X Chase

Banks' Demand for Excess Reserves pp. 805-25

Peter A Frost

Assessing the Dynamic Efficiency of Automatic Stabilizers pp. 826-45

John Helliwell and Fred Gorbet

Government Revenue from Inflation pp. 846-56

Milton Friedman

The Response of Prices and Income to Monetary Policy: An Analysis Based upon a Differential Phillips Curve pp. 857-66

David W Peterson, Eugene M Lerner and Edward J Lusk

Reversals of Assumptions and Implications pp. 867-77

Louis De Alessi

Productive Efficiency in the Steam-Electric Generating Industry pp. 878-86

Wesley D Seitz

Resource Allocation in Traditional Agriculture: Republican China, 1937-1940 pp. 887-96

Scott R Dittrich and Ramon H Myers

The Effect of Minimum Wages on Teenage Unemployment Rates pp. 897-902

Thomas Gale Moore

Some Substitution Effects in the Location Decision of a Firm pp. 903-08

W David C Wright

The "Bridge Game" Economy: An Example of Indivisibilities pp. 909-12

Martin Shubik

Public Decisions as Public Goods pp. 913-18

Gordon Tullock

The Contract Curve and the Production Possibility Curve pp. 919-23

Frank S T Hsiao

Profitability of Monopolization by Vertical Integration pp. 924-25

John M Vernon and Daniel A Graham

A Note on Transport Costs and the Choice of a Tariff Valuation Base pp. 926-28

Waters, W G,

Joint Products and On-the-Job Training pp. 929-31

A G Holtmann

On the Regulation of Industry: A Correction pp. 932

Lester G Telser

The Inverted Tetrahexahedron: A Personal Account of the Discovery of the Strucutre of the ICBM pp. 933-37

Dudley G Luckett

Volume 79, issue 3, 1971

A Theory of Foreign Exchange Speculation under Alternative Systems pp. 407-36

E. Canterbery

Distortions in Factor Markets and the General Equilibrium Model of Production pp. 437-59

Ronald Jones

The Interdependence between Income and Education pp. 460-80

George S Tolley and E Olson

An Application of the Shephard Duality Theorem: A Generalized Leontief Production Function pp. 481-507

Walter Diewert

Efficiency, Distribution, and the Role of Government in a Market Economy pp. 508-26

Paul Feldman

Costs and Benefits of Medical Research: A Case Study of Poliomyelitis pp. 527-44

Burton A Weisbrod

Differential Capital Charges and Resource Allocation in Soviet Industry pp. 545-61

Judith Thornton

Oskar Lange's Theory of Socialist Planning pp. 562-77

Paul Craig Roberts

Uncertainty, Entrepreneurship, and Sharecropping in India pp. 578-95

C H Hanumantha Rao

Price Trends, Economic Growth, and the Canadian Balance of Trade: A Three-Country Model pp. 596-613

Roger A Sedjo

Effect on Prices of Japan's Entry into World Commerce after 1858 pp. 614-28

J Richard Huber

What Went Wrong? pp. 629-41

Robert Eisner

Preferences, Separability, and the Patinkin Model pp. 642-51

Cliff Lloyd

The Relationship between Permanent Income and Measured Variables pp. 652-60

M V Arak and Alan Spiro

American Inventiveness, 1870-1920 pp. 661-67

Robert Higgs

On Domestic Demand and Ability to Export pp. 668-72

Jacob A Frenkel

On Domestic Demand and Ability to Export: An Additional Comment pp. 673-74

Giorgio Basevi

A Simple Macroeconomic Model with a Government Budget Restraint: A Comment pp. 675-79

Frank G Steindl

Some Additional Comments on the Effect of Various Marketing Systems of the Prices of Alcoholic Beverages pp. 680-81

Sidney M Blumner and Ralph B Hutchinson

Volume 79, issue 2, 1971

Investment, Scale, and Growth pp. 214-31

Yoram Barzel

Research and Development in Industrial Growth pp. 232-56

William N Leonard

Optimal Forward Exchange Positions pp. 257-69

Hayne Leland

The Theory of Asset Choice: Simultaneous Holding of Short and Long Positions in the Futures Market pp. 270-93

Nicholas W Schrock

The Effect on White Incomes of Discrimination in Employment pp. 294-313

Barbara Bergmann

Effects of Mergers and Acquisitions on Business Firm Concentration pp. 314-22

Yuji Ijiri and Herbert A Simon

A Monetary Theory of Nominal Income pp. 323-37

Milton Friedman

Women versus the Malthusian Trap: The Cosmetic Motive for Birth Control pp. 338-44

Martin Gerhard Giesbrecht

Interindustry Flows and Meade's Second-Best Index pp. 345-50

Jaroslav Vanek

Futures Markets and Buffer Stocks: A Reply to William Poole pp. 351-55

Ronald McKinnon

On the Regulation of Industry: A Reply pp. 356-63

Harold Demsetz

On the Regulation of Industry: Rejoinder pp. 364-65

Lester G Telser

Comment on Returns to Scale and Growth pp. 366-67

Thomas J Finn and Koteswara Rao Kadiyala

A Note on the Houthakker-Taylor Demand Analysis pp. 368-71

John W L Winder

'Forced Saving' and the Rate of Interest pp. 372-75

Morris Perlman

Volume 79, issue 1, 1971

A Bargaining Model of the Pure Theory of Public Expenditure pp. 1-29

Hirofumi Shibata

Risk, Return, and Equilibrium pp. 30-55

Eugene Fama

The Demand for Leisure pp. 56-76

John D Owen

The Adjustment of the Economy to Monetary Changes pp. 77-96

Burton Zwick

Capacity and Market Structure pp. 97-113

S Sankar Sengupta

On Optimizing 'Gains' from Pakistan's Export Bonus Scheme pp. 114-27

Syed Nawab Haider Naqvi

The Use of Effective Tariffs pp. 128-41

Benjamin I Cohen

The Analysis of Public Policy in Dynamic Urban Models pp. 142-53

Wallace Oates, E Philip Howrey and William Baumol

Patterns of Hospital Use: An Analysis of Short-Run Variations pp. 154-65

John A Rafferty

Some Theorems in the Theory of Efficient Transfers pp. 166-76

Edgar Olsen

Measuring the Permanent Income of a Household: An Experiment in Methodology pp. 177-85

R Ramanathan

Hyperinflation and the Dynamics of the Demand for Money in China, 1945-1949 pp. 186-95

Teh-wei Hu

"Drewnowski's Economic Theory of Socialism," by Paul Craig Roberts: A Reply pp. 196-99

Jan Drewnowski