The message below speaks to the question concerning the Augustus
Kelley publishing house.

It is from Michael Hudson by way of Mason Gaffney.

Humberto Barreto



Gus Kelley and his sometimes-early-partner Millman were economic book
dealers. They therefore had the stock, and found it quite inexpensive to
reprint them photo-offset.

Kelley got a New Jersey printer who ended up grabbing the company from
him - by lending him money to buy yet another sailboat in Rhode Island, in
exchange for stock. He then forced Kelley out, wrote in a big rake-off
salary for his daughter, and left the company in the hands of Kelley's
assistant, who's still running it - mainly by selling off the old stock.

The high time was in the Vietnam War era, when Pres. Johnson gave a lot
of money to libraries to buy out intellectuals to support the war. They
bought everything that was printed.

My job was to select many of the books, and I decided to write
introductions to American economic theory as this was almost entirely
known. (And now entirely unknown.)

The other major dealer, Sam Ambaras, didn't reprint. He ended up
committing suicide, being broke.

Michael Hudson