This principle of joint cost, so clearly set forth by Professor Taussig, is fundamental and comprehensive.
Professor Taussig is, in his initial formulations of his doctrine, a quantity theorist.
This fixes a minimum limit (Taussig's contention), but does not at all suggest a "normal ratio" (Fisher's contention).
Finally, Professor Taussig recognizes a coefficient with the quantity of specie in the temper of the business community.
Confidence in these conclusions is much increased by a study of the views of Professor Taussig.
This has been noted by Professor Taussig, and made by him an important point in the theory of crises.
But two of the conclusions which he reached conflict in a rather curious way with the statement of Professor Taussig.
According to Professor Taussig, "most saving is done by the well-to-do and the rich."
I doubt if Professor Taussig meant the first half of this statement to be quite so strong.
Mr. Taussig, a simple and unpretending man, had succeeded in establishing a substantial tannery well stocked with leather.
Taussig Taus·sig (tou'sĭg), Helen. 1898-1986.
American pediatrician and embryologist noted for her work on congenital defects of the heart. With Alfred Blalock she developed the pulmonary bypass operation for the treatment of blue babies.