Journal Article Prices, Income Flow and Employment Get access Everet M. Straus Everet M. Straus Washington, D. C. Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 60, Issue 4, August 1946, Pages 600–611, https://doi.org/10.2307/1885150 Published: 01 August 1946

Journal Article Income, Region, Community-Size and Color Get access Henry M. Oliver, Jr. Henry M. Oliver, Jr. University of North Carolina Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 60, Issue 4, August 1946, Pages 588–599, https://doi.org/10.2307/1885149 Published: 01 August 1946

Journal Article “Equilibrium in Multi-Process Industries” — Further Comments Get access M. A. Adelman M. A. Adelman Washington, D. C. Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 60, Issue 3, May 1946, Pages 464–468, https://doi.org/10.2307/1880683 Published: 01 May 1946

Abstract Reviews the book "The Pattern of Corporate Financial Structure," by Walter A. Chudson.

Abstract In 1937 certain justices of a U.S. state supreme court were of the opinion that there is no greater justification from the standpoint of public welfare for a law regulating accountancy than there would be for laws regulating rivet-catchers, janitors, or drain-layers, that the title "certified public accountant" is a trade name and that manifestly it was intended to give a monopoly of the accounting business. Happily, and as irrefutable evidence that progress as well as time marches on, this legal opinion was a minority dissenting one. Nevertheless, the statement that accountancy is a profession can scarcely be said to have attained the freedom from attack enjoyed by the statement that two plus two is four. On the other hand, the statement is now accepted as fact among the enlightened everywhere. One of the most difficult and misunderstood phases of defining the term "profession" is that of distinguishing it from the term "business." This distinction does not imply any superiority of the professions as such over business as such. The two are simply different. As a matter of fact, each is complementary to the other, for the professions could not exist without business and business would surely perish without the professions.