Word: reductionism
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Yet those who have held too great hopes for the Conference are bound to be disappointed when they read those of the sixteen points which have to do with limitation of armaments. There are nine of these; only two of them make any proposals concerning the reduction of navies. One...
The last twenty years have seen the gradual expansion of Japan on the continent of Asia. When, at the beginning of the War, the attention of the nations was concentrated on Europe, she occupied Shantung and made the famous Twenty-one Demands on China which were designed to end that...
There are many reasons why an industry may not be able to pay expenses out of receipts. Expenses may simply be so high as to make it impossible to sell the product or the service at a price that will tempt buyers. There is no cure for that except to...
There are so many factors of so many different kinds entering into the cost of production as to complicate greatly the problem of keeping down expenses. The cost of raw materials, the cost of transportation, the labor cost, interest and other overhead expenses are only a few of the items...
So far as can be determined at the present time, retail merchants are the greatest sinners in the matter of standing pat and forcing others to bear the burden of a reduction of prices. Labor unions are a close second. The threatened railroad strike is simply a maneuver to prevent...