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NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

Publications in the order of their issue

INCOME IN THE UNITED STATES

Volume I. A Summary of an investigation of the Amount and Distribution of Income
in the United States, 1909-1919, intended for readers who are primarily interested in
the results.

Size 72x5 inches, 152 pages, with preface, 29 tables, 31 charts, and indexed.
Bound in cloth. (Fifth printing.) $1.58 postpaid.

Volume II. A report giving in full the methods and estimates on which the results
shown in Volume I are based.

Size 94x64 inches, 440 pages, 222 tables, 35 charts, and indexed. Bound in cloth. $5.15 postpaid.

DISTRIBUTION OF INCOME BY STATES IN 1919

A study of the share of each state in the national income with a special analysis of the amount and relative importance of farmers' income.

Size 94x64 inches, 32 pages, with preface and 9 tables. Bound in cloth. (Out of print.)

BUSINESS CYCLES AND UNEMPLOYMENT

Results of an investigation made for President Harding's Conference on Unemployment. By the staff of the Bureau with 16 collaborators. Twenty-one topics covered, This report summarizes the known facts of unemployment and describes the varicus methods suggested to control the business cycle and alleviate cyclical unemployment.

Size 9x6 inches, 405 pages, with 56 tables, 56 charts, and indexed. Bound in cloth. $4.10 postpaid.

EMPLOYMENT, HOURS, AND EARNINGS
IN PROSPERITY AND DEPRESSION

Results of an inquiry conducted by the National Bureau of Economic Research, with the help of the U. S. Bureau of Markets and Crop Estimates and the Bureau of the Census, for President Harding's Conference on Unemployment. Designed to meet the special needs of all persons interested in the study of labor conditions. Gives full details of investigation summarized in Business Cycles and Unemployment to which it is companion volume.

Size 9x6 inches, 147 pages, illustrated with 75 tables, 11 charts, and indexed.
Bound in cloth. (Out of print.)

THE GROWTH OF AMERICAN TRADE UNIONS, 1880-1923

Results of a comprehensive investigation of trade union membership year by year; its fluctuations with the business cycle; effects of World War conditions; women in trade unions. Contains also a detailed analysis of the total working population.

Size 9x6 inches, 170 pages, illustrated with 27 tables, 16 charts, and indexed. Bound in cloth. $3 postpaid.

INCOME IN THE VARIOUS STATES ITS SOURCES

AND DISTRIBUTION, 1919, 1920 AND 1921

This volume gives the total and per capita income carefully adjusted for every state, with special tables showing the incomes of farmers, wage earners, persons of large means, and other matter relevant to the purchasing power and economic conditions of the different parts of the country.

Size 9x6 inches, 306 pages, 17 maps and charts, 67 tables, indexed. Bound in cloth. $5 postpaid.

Copies of available reports may be obtained upon application
accompanied by remittance to

NATIONAL BUREAU OF ECONOMIC RESEARCH, Inc.
474 West 24th Street, New York

ECONOMIC RESEARCH, INCORPORATED

No. 8

BUSINESS ANNALS

National Bureau of Economic Research, Inc.

Incorporated Under the Membership Corporations Laws of the State of New York, January 29, 1920

T

ITS ORGANIZATION AND PURPOSES

HE National Bureau of Economic Research was organized in 1920 in response to a growing demand for exact and impartial determinations of facts bearing on economic, social, and industrial problems.

It seeks not only to find facts and make them known, but to determine them in such manner and under such supervision as to make its findings carry conviction to Liberal and Conservative alike.

Entire control of the Bureau is vested in a Board of twenty directors, representing learned and scientific societies, financial, industrial, agricultural, commercial, labor, and technical organizations.

Rigid provisions in the Charter and By-Laws guard the Bureau from becoming a source of profit to its members, directors, or officers and from becoming an agency for propaganda. No report of the Research Staff may be published without the approval of the Directors and any Director who dissents from any finding approved by a majority of the Board may have such dissent published with the majority report.

The members of the Board of Directors are as follows:

DIRECTORS AT LARGE

T. S. ADAMS, Professor of Political Economy, Yale University, Vice-President.
JOHN R. COMMONS, Professor of Political Economy, University of Wisconsin.
JOHN P. FREY, Editor, International Molders' Journal, Chairman of the Board.

EDWIN F. GAY, Professor of Economic History, Harvard University, Research Director.
HARRY W. LAIDLER, Secretary, The League for Industrial Democracy.
GEORGE O. MAY, Senior Partner, Price, Waterhouse and Company, President.

ELWOOD MEAD, Commissioner of the Bureau of Reclamation.

WESLEY C. MITCHELL, Professor of Economics, Columbia University, Research Director. DWIGHT W. MORROW, Member of firm of J. P. Morgan and Company.

GEORGE SOULE, Director, The Labor Bureau, Inc.

N. I. STONE, Industrial Consultant.

ALLYN A. YOUNG, Professor of Economics, Harvard University.

DIRECTORS BY APPOINTMENT

HUGH FRAYNE, American Federation of Labor.

DAVID FRIDAY, American Economic Association.
LEE GALLOWAY, American Management Association.

WALTER R. INGALLS, American Engineering Council.

GEORGE E. ROBERTS. American Bankers Association, Treasurer.
M. C. RORTY, American Statistical Association.
A. W. SHAW, National Publishers' Association.
GRAY SILVER, American Farm Bureau Federation.

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BUSINESS ANNALS

United States, England, France, Germany, Austria,
Russia, Sweden, Netherlands, Italy, Argen-

tina, Brazil, Canada, South Africa,
Australia, India, Japan, China

By

WILLARD LONG THORP

OF THE STAFF OF THE

NATIONAL BUREAU OF ECONOMIC RESEARCH

WITH AN

INTRODUCTORY CHAPTER

BY

WESLEY C. MITCHELL

DIRECTOR OF RESEARCH

AND A

FOREWORD

BY

EDWIN F. GAY

DIRECTOR OF RESEARCH

NEW YORK

NATIONAL BUREAU OF ECONOMIC

RESEARCH, INC.

1926

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