MATERIALS FOR THE STUDY

OF BUSINESS

THE UNIVERSITY OF CHICAGO PRESS

CHICAGO, ILLINOIS

THE BAKER & TAYLOR COMPANY
NEW YORK

THE CAMBRIDGE UNIVERSITY PRESS

LONDON

THE MARUZEN-KABUSHIKI-KAISHA
TOKYO, OSAKA, KYOTO, FUKUOKA, SENDAI

THE MISSION BOOK COMPANY
SHANGHAI

HAROLD G. MOULTON

ASSOCIATE PROFESSOR OF POLITICAL ECONOMY
UNIVERSITY OF CHICAGO

THE UNIVERSITY OF CHICAGO PRESS
CHICAGO, ILLINOIS