The Quarterly Journal of Economics, Volume 34Charles Franklin Dunbar, Frank William Taussig, Abbott Payson Usher, Alvin Harvey Hansen, William Leonard Crum, Edward Chamberlin, Arthur Eli Monroe Harvard University, 1920 - Economics Edited at Harvard University's Department of Economics, this journal covers all aspects of the field -- from the journal's traditional emphasis on microtheory, to both empirical and theoretical macroeconomics. |
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agricultural altho American ammonia amount average bank basis Board calcium cyanamid capital carrier cent charges commercial Commission Commission's companies competition construction Corporation cost of reproduction currency cyanamid cyanamid process demand depreciation determined earnings economic history economists estimate expenses exports fact figures fixed fixed nitrogen freight Germany gold Haber process Hearings Ibid important income increase industry interest investment June June 30 Kansas City Southern labor land less manufacture ment method million nitrate nitric acid nitrogen nitrogen fixation nomic notes operating original cost packers period plant present price fixing problem production profits Prouty Railroad Valuation railway reason replacements Report represent rural economics secure separations short tons sodium cyanide standard supply Texas Midland Brief theory tion tons trade turnover United vessels wages Winston-Salem
Popular passages
Page 297 - And in order to ascertain that value the original cost of construction, the amount expended in permanent improvements, the amount and market value of its bonds and stocks', the present as compared with the original cost of construction, the probable earning capacity of the property under particular rates prescribed by statute, and the sum required to meet operating expenses are all matters for consideration and are to be given such weight as may be just and right in each case.
Page 85 - The ascertainment of that value is not controlled by artificial rules. It is not a matter of formulas, but there must be a reasonable judgment having its basis in a proper consideration of all relevant facts.
Page 273 - That there is an element of value in an assembled and established plant, doing business and earning money, over one not thus advanced, is self-evident. This element of value is a property right, and should be considered in determining the value of the property, upon which the owner has a right to make a fair return when the same is privately owned although dedicated to public use.
Page 758 - Thus mathematics may be defined as the subject in which we never know what we are talking about, nor whether what we are saying is true.
Page 67 - It is entitled to see that from earnings the value of the property invested is kept unimpaired, so that at the end of any given term of years the original investment remains as it was at the beginning.
Page 85 - The property is held in private ownership and it is that property, and not the original cost of it, of which the owner may not be deprived without due process of law.
Page 672 - But when that intent and the consequent dangerous probability exist, this statute, like many others and like the common law in some cases, directs itself against that dangerous probability as well as against the completed result.
Page 291 - The cost-of-reproduction method is of service in ascertaining the present value of the plant, when it is reasonably applied and when the cost of reproducing the property may be ascertained with a proper degree of certainty. But it does not justify the acceptance of results which depend upon mere conjecture.
Page 116 - The lowest ordinary rate of profit must always be something more than what is sufficient to compensate the occasional losses to which every employment of stock is exposed.
Page 25 - We do not say that there may not be other matters to be regarded in estimating the value of the property.