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Income in the United States, Vol. 2: Its Amount and Distribution 1909-1919 (Classic Reprint)

Income in the United States, Vol. 2: Its Amount and Distribution 1909-1919 (Classic Reprint)

ISBN: 9781331422341
Publisher: Forgotten Books
Publication Date: 2015-09-27
Number of pages: 462
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Excerpt from Income in the United States, Vol. 2: Its Amount and Distribution 1909-1919

Income in the United States is published in two volumes. The first volume, which has already appeared, is a summary of the findings, intended for readers who are primarily interested in the results. The present volume gives in full the methods and estimates on which the results shown in the first volume are based. In addition, it goes into many details concerning particular industries.

While the Summary Volume was a joint product of the Staff of the National Bureau of Economic Research, the detailed estimates now presented are primarily the work of three individuals. Mr. King is responsible for the estimate of the National Income based on the value product of different industries; Mr. Knauth made the estimate based on incomes received by individuals; and Mr. Macaulay undertook the discussion of the problem of the distribution of income by income-classes.

Unity was preserved by means of many consultations, and the whole book was edited by Mr. Mitchell. Like all the Bureau's publications, the manuscript of the present volume was submitted to the Directors and approved by them; though not before many changes of detail and many suggestions had been incorporated. The Directors have made a constructive as well as a critical contribution to the book as it now stands. At some points, where the manuscript was not changed to accord with individual suggestions, the Directors have inserted footnotes to indicate their points of view.

The present Board of Directors is constituted as follows: -


T. S. Adams, Advisor to the U.S. Treasury Department.
John R. Commons, Professor of Political Economy, University of Wisconsin.
John P. Frey, Editor of the International Molders' Journal.
Edwin F. Gay, President of the New York Evening Post.
Harry W. Laidler, Secretary of the League for Industrial Democracy.
Elwood Mead, Professor of Rural Institutions, University of California.
Wesley C. Mitchell, Professor of Economics, Columbia University.
J. E. Sterrett, Member of the firm of Price, Waterhouse and Co.
N. I. Stone, Labor Manager, Hickey-Freeman Company.
Allyn A. Young, Professor of Economics, Harvard University.

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