Abstract

Profits, Wager, Prices
Soule, George | February 2, 1921 issue

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This article literally appraises the book "Profits, Wager and Prices," by David Friday. 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. Everybody has been talking at length about profiteering, high wages, high prices, currency and credit inflation, booms and depressions, without knowing the relevant facts from which conclusions may be drawn. If an expert in medical research were so careless in his generalizations about physical disease as are most financiers, business men, and labor leaders about industrial troubles, he would be barred from every scientific society in the country.

See Also:

PROFITS, Wager & Prices (Book); FRIDAY, David; CORPORATE profits; COMPENSATION management; PRICING; BOOKS & reading
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