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Quarterly Journal of Economics Vol. 39 No. 2 1925

Industrial Profits in 1917

Ralph C. Epstein

Harvard University Press

Abstract

The theory that business profits, in the long run, tend towards equality between different industries is qualified by the admission that, at any given time, variations exist. Such variations in 108 industries are examined for the year 1917. — I. Source of the data: Treasury tax returns for 26, 477 corporations, 242. — II. Variation in the earnings of these different industries and trades, and in eleven major groups of industries into which they fall, 243. — III. Range between individual firms within given industries and groups, 253. — IV. Variations in the average invested capitals per corporation, 259. — V. Earnings of the largest corporations, 261. — VI. Effect of taxation on profits. Summary, 264.

DOI
10.2307/1884874
Volume
39
Issue
2
Pages
241
Sources
openalex crossref

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