Investigation of Concentration of Economic Power: Monograph

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Page 121 - Bureau of Industrial Economics which should be endowed with adequate powers to supplement and supervise the collection of industrial statistics by trade associations. Such a bureau should perform for businessmen functions similar to those performed for the farmers by the Bureau of Agricultural Economics. It should disseminate current statistical and other information regarding market conditions and be in a position to warn against the dangers of temporary overproduction and excessive inventories...
Page 119 - Government can deal and should deal with blindly selfish men. But that is a comparatively small part — the easier part — of our problem. The larger, more important, and more difficult part of our problem is to deal with men who are not selfish and who are good citizens, but who cannot see the social and economic consequences of their actions in a modern economically interdependent community.
Page 2 - ... the world and the value and happiness of life. In order to perform its function it must offer a sufficient opportunity for gain to compensate individuals who assume its risks, but the motives which lead individuals to engage in business are not to be confused with the function of business itself. When business enterprise is successfully carried on with constant and efficient endeavor to reduce the...
Page 121 - Bureau of Industrial Economics. — Creation of a Bureau of Industrial Economics which should be endowed with adequate powers to supplement and supervise the collection of industrial statistics by trade associations. Such a bureau should perform for businessmen functions similar to those performed for the farmers by the Bureau of Agricultural Economics. It should disseminate current statistical and other information regarding market conditions and be in a position to warn against the dangers of temporary...
Page 121 - ... tax or some other equally or more efficient method. And obviously an undistributed profits tax has a real value in working against a further concentration of economic power and in favor of a freer capital market. "(7) Bureau of Industrial Economics. Creation of a Bureau of Industrial Economics which should be endowed with adequate powers to supplement and supervise the collection of industrial statistics by trade associations. Such a Bureau should perform for business men functions similar to...
Page 156 - Index of volume of agricultural production for sale and for consumption in the farm home, on crop-year basis.
Page 2 - ... we must steadily seek ways and means of regularizing employment and cushioning the effect of advancing technology on the lives and fortunes of our workers; we must raise the standard of living by passing along the benefits of improved technique and quantity production through lower prices and higher wages; we must constantly endeavor to create better conditions of employment by the elimination of health and accident hazards; we must take an active part in public affairs; we must seek to be economic...
Page 132 - ... not conform exactly with the concept of consumer funds absorbed. For "national income produced," as defined by the Department of Commerce, is a — measure of the net value of all commodities produced and all services rendered in the country in each year. This total can be described as representing the gross value of all goods and services produced, minus the value of all raw materials and capital equipment consumed in the processes of production (ie, depreciation and obsolescence). It may also...

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