+ R of Rs 62:336 S ’20 70w The Times [London] Lit Sup p670 O 14 ’20 40w
FRIDAY, DAVID. Profits, wages, and prices. *$2 Harcourt 338.5
20–18150
The object of the book is to assemble the available facts and statistics concerning profits, wages, taxes, and prices in such a way as to set them in orderly relation one to another and to disclose their causal interdependence. Contents: The curse of peace; The growth of profits; Normal profits and profiteering; The uses to which profits are put; The rate of interest; The course of wages; The division of the product; How Europe raised American prices; Prices since the armistice; General prices and public utility rates; The theory of the new taxes: Has the excess profits tax raised prices? The part played by the banks; How can real wages be raised? Index.
“The author marshals his facts with skill. His style is interesting and all that he has to say important.”
+ Ann Am Acad 93:225 Ja ’21 110w + Booklist 17:141 Ja ’21
“Mr Friday’s book is a striking demonstration of the primitive state of economic science, and of its trifling influence upon the conduct of the nation’s business. Mr Friday, merely by collecting the information made available by a few war agencies, incomplete as it is, and basing his conclusions on observed facts, has been able to throw doubt upon some of the most respectable conclusions of economists, to say nothing of the assumptions to be found in current popular discussion.” G: Soule
+ − Nation 112:184 F 2 ’21 1350w
“The general reader will find in Professor Friday’s book a striking instance of the newer tendencies. It is economic theory which retains all the logical vigor of the works of the old school, yet faces the new facts and breathes a new spirit. The book is uncommonly readable and interesting, besides, and offers a hope that the new theory will be couched in terms that everybody can understand.” Alvin Johnson