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DIVIDEND: The portion of a corporation's after-tax accounting profit that's paid to shareholders or owners. Corporate managers usually try to pay the shareholders some minimum dividend that's comparable to returns from other financial markets--such as the interest on government securities or corporate bonds--to keep the owners from selling off the company's stock. That portion of after-tax accounting profit that's not paid out as dividends is typically invested in capital.

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by Orley M. Amos, Jr.
Professor of Economics
Oklahoma State University
Go to: Chapter 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Table of Contents
Chapter One: The Professor
Chapter Two: A Kind, Loving Instructor
Chapter Three: Some Yummy Purple Fruit
Chapter Four: Tyler's Second Test
Chapter Five: Cali O'Toole
Chapter Six: The Hideous Monster
Chapter Seven: Crunch Water
Chapter Eight: The Quest
Chapter Nine: The Valley Of Red
Chapter Ten: The Purple Village
Chapter Eleven: Leonardo Da Vinci
Chapter Twelve: The Estoffe Flow
Chapter Thirteen: The Evil Professor
Chapter Fourteen: Adam
Chapter Fifteen: The Caves
Chapter Sixteen: Mark Twain
Chapter Seventeen: Leonardo's Place
Chapter Eighteen: Return From Leornia
Chapter Nineteen: The Source Of Water
Chapter Twenty: The Real World

Go to: Chapter 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
Copyright © 1997, 2002 by Orley M. Amos, Jr. All rights reserved. Not to be quoted without permission of the author.
A Brief Introduction To Get You Started

Through undaunted determination, sheer luck, or a missed turnpike exit, you have happened upon A Pedestrian's Guide to the Economy. You'll find hours of reading pleasure contained within this site, with more entertainment value per calorie than most office memos. A Pedestrian's Guide to the Economy, however, is more than a recreational web site. As a handy reference source, it provides answers to many of the most asked, a few of the least asked, and some of the never asked questions about the economy.
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PINK FADFLY
[What's This?]

Today, you are likely to spend a great deal of time browsing about a thrift store hoping to buy either clothing for your kitty cats or a set of luggage without wheels. Be on the lookout for small children selling products door-to-door.
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Potato chips were invented in 1853 by a irritated chef repeatedly seeking to appease the hard to please Cornelius Vanderbilt who demanded french fried potatoes that were thinner and crisper than normal.
"Man is born to live, not to prepare for life. "

-- Boris Pasternak, writer

JEH
Journal of Economic History
A PEDestrian's Guide
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