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Essentials of Economic Theory / As Applied to Modern Problems of Industry and Public Policy

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About This Book

The author outlines economic statics and dynamics, arguing static laws remain operative amid change and offering a concise statement of dynamic laws shaping industrial progress. He identifies four drivers—population growth, capital accumulation, technical improvement, and improved organization—along with changing consumer wants, and assesses their separate and combined effects on wages, prices, and interest. The volume examines economic friction delaying adjustment, analyzes monopoly and corporate power, and discusses railroads, trade unions, strikes, boycotts, arbitration, money, and tariff policy. Intended as a classroom supplement to elementary texts, it aims to guide readers from static models to a law-based understanding of modern industrial and public policy problems.

Printed in the United States of America.


By JOHN BATES CLARK
Professor of Political Economy, Columbia University


The Distribution of Wealth

A Theory of Wages, Interest, and Profits

Cloth, 8vo, 445 pp., $3.00

"It is not too much to say that the publication of Professor Clark's book marks an epoch in the history of economic thought in the United States. Its inspirations, its illustrations, even its independence of the opinions of others, are American; but its originality, the brilliancy of its reasoning, and its completeness deserve and will surely obtain for it a place in the world literature."—Henry R. Seager, in the Annals of the American Academy.

"Professor Clark's book deserves more attention from general readers than they are accustomed to bestow upon works on abstract economics. It is, indeed, a book written by an economist for economists, but its style, its clear and basic thought, illuminates a subject which the thinking public continually discusses."—The Outlook.

The Control of Trusts

An Argument in Favor of Curbing the Power of Monopoly by a Natural Method

Published by the Columbia University Press

Cloth, 12mo, 60 cents

"Not only has Professor Clark something to say, but he says it with such force and brevity that the busiest man or woman can find time to listen to him. Moreover, he understands the rare art of writing a preface. The straightaway manner in which he outlines the scope of his book reminds one of the famous first lines in Macaulay's 'History of England,' and promises much which this book fulfils."—Boston Advertiser.

The Problem of Monopoly

A Study of a Grave Danger and of the Natural Mode of Averting It

Published by the Columbia University Press

Cloth, 12mo, $1.00

A series of lectures first delivered at Cooper Union, New York, dealing with:—The Growth of Corporations; the Sources of the Corporations; Powers for Evil; Great Corporations and the Law; Organized Labor and Monopoly; Agriculture and Monopoly; Governmental Monopolies.

"There is much valuable analysis in the book and its reading would give a better understanding of the trust problem."—International Socialist Review.


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The Citizens' Library

Of Economics, Politics, and Sociology

Edited by RICHARD T. ELY, Ph.D., LL.D., Director of the School of Economics and Political Science in the University of Wisconsin; Author of "Socialism and Social Reform," "Monopolies and Trusts," etc.

(26 volumes) each volume in cloth, leather back, $ 1.25

The Outlines of Economics

By Richard T. Ely, Ph.D., LL.D., University of Wisconsin, Editor of this Series.

Professor Treub, of the University of Amsterdam, selected this text-book, after comparison with others in English, French, and German, for translation into Dutch; a translation into Japanese has also been made.

"The 'Outlines' contains splendid summaries of the subject-matter, questions, suggestive titles for essays, and a bibliography of the best writers of economics."—Journal of Education.

An Introduction to the Study of Agricultural Economics

By Henry C. Taylor, M.S.Agr., Ph.D., Assistant Professor of Political Economy in the University of Wisconsin.

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The Economics of Distribution

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Economic Crises

By Edward D. Jones, Ph.D., Junior Professor of Economics and Industry, University of Michigan.


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By FRANKLIN HENRY GIDDINGS
Professor of Sociology, Columbia University


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With Studies of their Psychological, Economic, and Moral Foundations

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"The question which most interests both Professor Giddings and his readers is the application of his facts, his sociology, and his prophecy, to the future of the American Empire.... The reader will rise from it with a broader charity and with a more intelligent hope for the welfare of his country."—The Independent.

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"It is a treatise which will confirm the highest expectations of those who have expected much from this alert observer and virile thinker. Beyond a reasonable doubt, the volume is the ablest and most thoroughly satisfactory treatise on the subject in the English language."—Literary World.

"The distinctive merit of the work is that it is neither economics nor history.... He has found a new field and devoted his energies to its exploration.... The chapters on Social Population and on Social Constitution are among the best in the book. It is here that the method of Professor Giddings shows itself to the best advantage. The problems of anthropology and ethnology are also fully and ably handled. Of the other parts I like best of all the discussion of tradition and of social choices; on these topics he shows the greatest originality. I have not the space to take up these or other doctrines in detail, nor would such work be of much value. A useful book must be read to be understood."—Professor Simon N. Patten, in Science.

The Elements of Sociology

A Text-Book for Colleges and Schools

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"It is thoroughly intelligent, independent, suggestive, and manifests an unaffected enthusiasm for social progress, and on the whole a just and sober apprehension of the conditions and essential features of such progress."—Professor H. Sidgwick, in The Economic Journal.

"Of its extreme interest, its suggestiveness, its helpfulness to readers to whom social questions are important, but who have not time or inclination for special study, we can bear sincere and grateful testimony."—New York Times.

"Professor Giddings impresses the reader equally by his independence of judgment and by his thorough mastery of every subject that comes into his view."—The Churchman.


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