Abstract
The Josephson effect in a superconducting ring, interrupted by a barrier, is shown to be the direct consequence of fundamental principles and, hence, to exactly obey the voltage-frequency relation used for a precise determination of eh. Supplementary considerations deal with the role of electron pairing and with additional features such as those found in the presence of two parallel junctions. The special case of a thin ring is used to illustrate the treatment of dynamical properties, including the possible occurrence of hysteresis. A more detailed discussion of the effects due to a potential barrier is presented, followed by a rederivation of Josephson's differential equation which is seen to govern the time dependence of the penetrating flux.