Relationship of Prices to Economic Stability and Growth: Hearings Before the Joint Economic Committee, Congress of the United States, Eighty-fifth Congress, Second Session, Pursuant to Sec. 5 (a) of Public Law 304 (79th Congress), Volume 2

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Page 767 - The proposal of any new law or regulation of commerce which comes from this order, ought always to be listened to with great precaution, and ought never to be adopted till after having been long and carefully examined, not only with the most scrupulous, but with the most suspicious attention. It comes from an order of men, whose interest is never exactly the same with that of the public, who have generally an interest to deceive and even to oppress the public, and who accordingly have, upon many...
Page 579 - One can make the broad generalization, having of course many exceptions, that for industries in which prices dropped most during the depression production tended to drop least, while for those in which prices were maintained the drop in production was usually greatest. Indeed, the whole depression might be described as a general dropping of prices at the flexible end of the price scale and a dropping of production at the rigid end with intermediate effects between.
Page 626 - ... many other authors have refined the usercost concept to analyze entrepreneurial decisions about the timing of production in the short run. See, for example, Joe S. Bain, "Depression Pricing and the Depreciation Function," Quarterly Journal of Economics, Vol.
Page 769 - The interest of the dealers, however, in any particular branch of trade or manufactures, is always in some respects different from, and even opposite to, that of the public.
Page 556 - National Resources Committee, The Structure of the American Economy, Part I. Basic Characteristics, A Report prepared under direction of Gardiner C.
Page 770 - To widen the market and to narrow the competition, is always the interest of the dealers. To widen the market may frequently be agreeable enough to the interest of the public; but to narrow the competition must always be against it, and can serve only to enable the dealers, by raising their profits above what they would naturally be, to levy, for their own benefit, an absurd tax upon the rest of their fellow citizens.
Page 726 - Source: US Department of Commerce, Office of Business Economics, Survey of Current Business, November, 1956, p.
Page 814 - Mr. Chairman, I want to express my appreciation to the members of the panel for their attendance at this meeting, and their preparation for it. The CHAIRMAN. I want to join for all the members of the committee, Senator. We are indebted to these gentlemen for the fine contribution they have made to our study. Senator O'MAHONEY.
Page 510 - The real problem is that union leaders and businessmen alike are forced to take part in a danse macabre, a vicious system of pattern bargaining and wage leadership, about which they can do little, individually, even if they would like to stop the music.
Page 463 - The Congress hereby declares that it is the continuing policy and responsibility of the Federal Government to use all practicable means consistent with its needs and obligations and other essential considerations of national policy, with the assistance and cooperation of industry, agriculture, labor, and State and local governments, to coordinate and utilize all its plans, functions, and resources for the...

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