The subject of this work has presented difficulties of a complicated character, from the various phases under which the peculiar defects of individual societies appear. The task has, however, been lightened by the rejection, that, although it cannot be expected that this effort, to place them upon a more rational and secure footing, will...
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The enormous and increasing values and profits represented by American business corporations have attracted general attention to corporate activities. The problem of corporation regulation is perhaps the leading issue of the day. Each of the leading political parties is committed to programs of corporation control, particularly in the field of public-service corporations. Many laws...
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THE four article in this volume were published in the Quarterly Journal of Economics for May 1900, February, August and November 1010. Only the first of them has been subjected to any very considerable revision. Matters which are considered more in d( tail in the subsequent papers have been omitted, corrections and additions have...
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WHEN Morris took office, he had eager hopes of loans from Spain. In July, 1781, he wrote a long letter to Jay to stimulate him to apply for such loan, and to provide him with arguments by which he might persuade the Spanish Minister. He proposed that the United States should help Spain to...
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PREFACE THIS book contains a biography of ROBERT MORRIS and a financial history of the period of the American Revolution. Neither of these subjects has heretofore been made the object of thorough investigation. Early in this century, two biographies of Morris were written, one by Mease, the other by Wain; and numerous short sketches...
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Abstract This paper uses arbitrage arguments to show that the present value of riskless cash flows is determined by discounting them at the after-tax discount rate. Present value formulas are derived for riskless cash flows in three cases: (i) uniform interest and tax rates; (ii) certain, but not uniform interest and tax rates; and...
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PREFACE This book, as its name indicates, is concerned with the every-day financial problems of the private business concern. The point of view taken throughout is that of an organizer or financial manager of an enterprise. While the book deals primarily with business conditions and financial practice in the United States, it includes many...
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