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Dividends, Interest, Profits, Wages, 1923–35

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  • T. J. Kreps

Abstract

Introduction, 561.— I. Labor incomes, dividends and interest: all corporations, 563. — What is national income? 566.— Choice of a base for comparison, 571.— Dividends and interest payments vs. net earnings, 573.— II. The manufacturing industries taken separately, 575. — Further evidence on dividend payments, 581.— Corporate capitalization during the depression, 584.— III. Confusion of profits with interest and dividends, 585.— Different experience of these items, 586.— The fortunate exceptions, 590.— Computation of profits, 590. — Reduction in interest payments, 593.— Net profits in 1933 and 1934, 595.— Deficits, 599.— Conclusions, 599.

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  • T. J. Kreps, 1935. "Dividends, Interest, Profits, Wages, 1923–35," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 49(4), pages 561-599.
    • Handle: RePEc:oup:qjecon:v:49:y:1935:i:4:p:561-599.
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    File URL: http://hdl.handle.net/10.2307/1885400
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    Cited by:

    1. Maria N. Ivanova, 2017. "Profit growth in boom and bust: the Great Recession and the Great Depression in comparative perspective," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 26(1), pages 1-20.

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