Quem mostrá esse caminho longe? Sung by Cesária Évora (1941-2011).
Corporate profits should concern policymakers, including tax legislators and tax administrators.
In economic theory, high profits converge toward an entrepreneurial average because of the expected inter-industry flow of investments. According to Stigler’s (1963, p. 54) hyperbole: “There is no more important proposition in economic theory than that, under competition, the rate of return on investment tends toward equality in all industries.”