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- Title
Report of the Treasurer For the Year Ending December 31, 1976.
- Authors
Fels, Rendigs
- Abstract
This article presents the financial report of the treasurer of the American Economic Association for the year ending December 31, 1976. The financial position of the American Economic Association is the best it has been since the end of 1969. The surplus for 1976 was $150,000 with an even larger surplus in prospect for 1977. The net worth of the Association at more than $300,000 exceeds one-third of annual expenditures. Rising costs, however, can be expected to wipe out the surplus in a few years even if no new programs of expenditure are undertaken. The surplus of $150,000 in 1976 was partly the result of two special items. The Association's claim against Richard D. Irwin Inc. was settled, resulting in a payment to the Association of royalties on the Readings Series of $42,000. The provision for federal taxes in the budget for 1977 is considerably smaller because nothing comparable to the settlement with Richard D. Irwin, Inc. is in prospect. The reserve is now $100,000. In view of the improved financial position of the Association, a new Directory is being planned for 1978.
- Subjects
UNITED States; FINANCIAL statements; RICHARD D. Irwin Inc.; AMERICAN Economic Association; ROYALTIES (Copyright); UNITED States federal budget
- Publication
American Economic Review, 1977, Vol 67, Issue 4, p776
- ISSN
0002-8282
- Publication type
Article