[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-325618-105":59,"doc-detail-325618-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","profits-and-prophecy-a-plea-for-a-just-economy","Profits and prophecy - A plea for a just economy","","“Profits and prophecy: A plea for a just economy” examines the meaning of profit in economic and public discourse, arguing that “profit” is widely used yet poorly defined. Using 1929 income and unemployment figures, it contends that excess income beyond a fair threshold reflects unpaid labor. The text proposes a just economy with a legally established minimum wage and maximum income, periodic readjustments, and no differentials by industry, sex, or color, making profits effectively unnecessary or redirected to government.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/profits-and-prophecy-a-plea-for-a-just-economy/325618/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/profits-and-prophecy-a-plea-for-a-just-economy/325618.png","ImageObject",300,407,{"name":92,"@type":93},"Asher","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-13","2026-09-21",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",15,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"Why does the text claim “profit” is vague and ill-defined?","Question",{"text":113,"@type":114},"It argues that people use the word without specifying what it includes, whether in arguments by writers, bankers, industrialists, or economists.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"How does the document connect profit to income inequality in 1929?",{"text":118,"@type":114},"It uses 1929 statistics to claim that amounts above a certain level represent excess income that stands for labor unpaid or unwilling laborers unpaid.",{"name":120,"@type":111,"acceptedAnswer":121},"What does the author propose for a “just economy”?",{"text":122,"@type":114},"A legally established minimum wage and maximum income, periodically readjusted for time and locality, with no differentials by industry, sex, or color.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},325618,1790100746,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":39,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":46,"preview_page_count":4},687197207639,"https://ap-avatar.wpscdn.com/davatar_a8503ba1806abce46bf441b54a3ca4cd","97-84122-17Guillet,Cephas  \nProfits and prophecy  \n[New York]  \n[193-]  \n# COLUMBIA UNIVERSITY LIBRARIESPRESERVATION DIVISION\n\nBIBLIOGRAPHIC MICROFORM TARGET  \nORIGINAL MATERIAL AS FILMED-EXISTING BIBLIOGRAPHIC RECORD  \nReproductions may not be made without permission trom Columbia University Libraries.                   \n## RESTRICTIONS ON USE:\n\n# TECHNICAL MICROFORM DATA\n\n3mREDUCTION RATIO:            10:/MAGE PLACEMENT:IA(I IB |  \n## FILM SIZE:            \n\nDATE FILMED:                     2  INITIALS:          TM  \n           25149                    \n## TRACKING\\#:\n\nFILMED BY PRESERVATION RESOURCES,BETHLEHEM,PA.  \n# BIBLIOGRAPHIC IRREGULARITIES\n\nMAIN ENTRY:Guillet,Cephas     ………                ……………  \n……   ……---…--……………   …………………    -…             ……Profits and prophecy  ………………………………………………………………       …  …                   …        …-  \n# Bibliographic Irregularities in the Original Document:\n\nList all volumes and pages affected;include name of institution if filming borrowed text.  \n ___Page(s)missing/not available:                             \n  Volume(s)missing/not available:                          \nIllegible andlor damaged page(s):_  \n __Page(s)or volume(s)misnumbered:                         \n __Bound out of sequence:                                \n___Page(s)or volume(s)filmed from copy borrowed from:                \n  Other:  \n                                        \nX2 page insert between p.[2]-[3]   Inserted material:                                     \n   \nPRICE;  \n# PROFITSaPROPHECYA PLEA for a JUST ECONOMY\n\nbyZ37C.GUILLET,PH.D.  \nwage for a married pair in America was  \n## WHAT IS PROFIT?\n\n$1.200,including an adequate amount forsavings and insurance.In that same year  \nThere is no word more used today andyet none more vague and ill-defined than theword profit.To one person it means onething,to another anotherand to no one any-thing clear.  \n2.500,000 employable persons were unem-ployed and got nothing but charity.In thesame year 18,500.000 recipients of incomereceived less than $1.000 and an average of$900;while some 360.000—or less thanone per cent of all the recipients of income—received an average of $40,000.  \nOne constantly comes across the word inmagazine and newspaper.Now it is somewriter defending or attacking profits and theprofit motive,but without defining them.Again it is some banker or industrialist orlawyer expressing the ardent hope that,what-ever the government does,it will not touchprofits.without defning what he meansthough he declares that profits are the \"foun-dation\"of all business or the \"foundation\"of our economic system or the \"foundation\"of capitalism.On the other hand,it is thePresident appealing to business men to “puthumanity before profits”,again without de-fining what he means.  \nNow.if the total income in 1929 couldhave so distributed itseif that no one wouldhave needed to be idle,and no one of theemployed and the employable got less thanthe minimum wage for a decent life in ademocracy,it would have been impossible forthose 360,000 receiving an average of $40,-000 to get more than $12.000.It is evi-dent,therefore,that in 1929 the amount ofincome in excess of $12,000,received bythose who got more than $12,000,was clearprofit:for this excess stood for labor unpaidfor and willing laborers unpaid,which shouldhave been included in the cost.For surelyno one will maintain that industry has nota duty to support all citizens who take partin it or must take part in it to live.It isstatistically evident,therefore,that,in a justeconomy(and surely nobody is interested inany other kind of economy),there would bea legally established minimum wage and maxi-mum income,readjusted periodically for timeand locality,but with no differential for in-dustry,sex or color in a democracy;and in1929 this minimum wage would have been  \nIf you ask a business man what proft is.he is likely to say that it is surplus abovecost.But that only transfers the vaguenessto another word.For then we must ask:What is ","cbCaibGH1meQoVnj","https://ap.wps.com/l/cbCaibGH1meQoVnj","pdf",402843,"English","# Restrictions on use\n# Technical microform data\n# Bibliographic irregularities\n# What is profit?\n# Profit as unpaid labor","[{\"question\":\"Why does the text claim “profit” is vague and ill-defined?\",\"answer\":\"It argues that people use the word without specifying what it includes, whether in arguments by writers, bankers, industrialists, or economists.\"},{\"question\":\"How does the document connect profit to income inequality in 1929?\",\"answer\":\"It uses 1929 statistics to claim that amounts above a certain level represent excess income that stands for labor unpaid or unwilling laborers unpaid.\"},{\"question\":\"What does the author propose for a “just economy”?\",\"answer\":\"A legally established minimum wage and maximum income, periodically readjusted for time and locality, with no differentials by industry, sex, or color.\"}]","Profits and prophecy - A plea for a just economy | PDF",1789970979]