Profits in the modern economy .. : selected papers / edited by Harold W. Stevenson and J. Russell Nelson.

Format:

Book

Conference/Event

Contributor:

Stevenson, Harold W. (Harold William), 1924-

Nelson, J. Russell.

Macalester College.

University of Minnesota.

Conference Name:

Conference on Understanding Profits (1964 : Macalester College and University of Minnesota)

Language:

English

Subjects (All):

Profit.

Profit--United States.

Physical Description:

1 online resource (214 pages)

Edition:

1st ed.

Place of Publication:

Minneapolis : University of Minnesota Press, [1967]

Language Note:

English

Summary:

Profits in the Modern Economy was first published in 1967.As the editors point out in their introduction to this volume, profit is a concept about which there is much misunderstanding. The man in the street, the businessman, and the economist all think of profit in different senses and for this reason experience difficulty in communicating with each other. Although the subject is of crucial importance in the modern economy, relatively little of a scholarly nature has been written about profits. The aim of this book is to provide a basis for a better understanding of the nature and role of profits in today's economy.Among the nineteen contributors of papers or discussions are professors of economics or business administration at a number of universities, executives of several financial or industrial firms, and government officials. Their papers present various viewpoints on profit measurement, use, and significance.The book is divided into sections on "The Problem and Its Setting," "Profits in the Economy," "Profits in the Firm," and "Profits and National Economic Policy," with an introduction by the editors for each section. The material is based on the papers and discussion from the Conference on Understanding Profits sponsored jointly by the University of Minnesota Graduate School of Business Administration and Macalester College. Harvey M. Rice, former president of Macalester College, writes a foreword.

Contents:

Intro

TABLE OF CONTENTS

FOREWORD

THE PROBLEM AND ITS SETTING

EDITORS' INTRODUCTION

HOW HIGH IS UP?

PROFITS IN THE ECONOMY

THE RECORD OF PROFITS

THE ECONOMIC PERFORMANCE OF CORPORATIONS

COMMENTS

MEASURING AGGREGATE CORPORATE PROFITS

THE OUTLOOK FOR CORPORATE PROFITS

PROFITS IN THE FIRM

AN ECONOMIST'S VIEW OF PROFIT MEASUREMENT

AN ACCOUNTANT'S VIEW OF PROFIT MEASUREMENT

PROFITS FROM THE INVESTOR'S POINT OF VIEW

A CASH-FLOW CONCEPT OF PROFIT

A PRAGMATIC VIEW OF PROFIT

INVESTMENT DECISIONS OF CORPORATIONS

SOURCES AND COSTS OF OBTAINING FUNDS

RISK AND RATE OF RETURN

PROFITS AND NATIONAL ECONOMIC POLICY

THE ROLE OF PROFITS IN NATIONAL ECONOMIC POLICY

INDEX

A

B

C

D

E

F

G

H

I

K

L

M

N

O

P

Q

R

S

T

U

V

W

Y

Z.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references and index.

ISBN:

0-8166-6940-6

OCLC:

233212573