Some causes and consequences of distributive waste
Citation:Johnston, Joseph. 'Some causes and consequences of distributive waste'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XIV No. 4, 1925-1927, pp353-383
The distinction between Effective Demand and Ineffective Demand is one of the commonplaces of Economics. An analogous distinction between Effective Supply and Ineffective Supply ought to be recognised. Ineffective Supply may be defined as that portion of a total supply which for one reason or other fails to be marketed at one or other of the various stages of distribution. The importance of this conception is very great with regard to the perishable and semi-perishable products of agriculture, and even with regard to such durable commodities as wheat, the "orderly marketing" of which involves an operation of credit, not always available so far as the farmer is concerned.
Publisher:Statistical and Social Inquiry Society of Ireland
Series/Report no:Journal of The Statistical and Social Inquiry Society of Ireland
Vol. XIV No. 4 1925-1927
Description:Read before the Society on Thursday, 10th March, 1927