Current Economic Problems: A Series of Readings in the Control of Industrial Development

Walton Hale Hamilton

University of Chicago Press, 1919 - Economics - 955 pages

Contents

• The Essential Characteristics of Modern Industrialism: 1
• editorial: 2
• The Current Stage in Social Development An editorial: 5
• B THE NATURE OF ECONOMIC PROBLEMS 3 What an Economic Problem Is Like An editorial: 13
• THE NATURE OF PROGRESS 4 What Is Progress? James Bryce: 18
• Evolution or Progress? L T Hobhouse: 19
• Criteria of Progress James Bryce: 22
• THE CONTROL OF ECONOMIC ACTIVITY 7 The Agencies of Social Control Elizabeth Hughes: 26
• The Family as an Agency of Control An editorial: 29
• The State as an Institution of Control Edwin Cannan: 30
• E THE THEORY OF LAISSEZ FAIRE 10 The Fundamental Law of Nature William Blackstone: 32
• A Diatribe against Human Institutions J J Rousseau: 33
• A General Condemnation of Government William Godwin: 35
• The Identity of Individual and Social Good Piercy Ravenstone: 36
• Opportunity John J Ingalls: 37
• F THE INTERPRETATION OF LAISSEZ FAIRE 17 The Philosophy of Individualism Albert V Dicey: 38
• The Individualistic Theory of Government John Stuart Mill: 40
• The Authoritative Basis of Laissez Faire An editorial: 45
• G THE PROTEST AGAINST INDIVIDUALISM 20 The Tyranny of the Machine Joseph Harding Underwood: 46
• The Passing of the Frontier Thomas B Macaulay James Bryce and Peter Finley Dunne: 48
• H THE REAPPEARANCE OF THE PROBLEM OF CONTROL PAGE 23 The Individualistic Basis of Social Control Thomas Hill Green: 52
• Laissez Faire in Practice L T Hobhouse: 54
• Liberty and Interference W Jethro Brown: 57
• Introduction: 60
• A PREINDUSTRIAL ECONOMY 26 The Manor a Selfsufficient Economy William J Ashley: 61
• Wage Work and the Handicraft System Carl Bücher: 64
• Ordinances of the Gild Merchant of Southampton: 66
• Ordinances of the White Tawyers: 68
• Preamble to the Ordinances of the Gild of the Tailors Exeter: 69
• B PREINDUSTRIAL COMMERCE 32 A Definition of Commerce J Dorsey Forrest: 71
• The Attitude of the Mediaeval Church toward Commerce William J Ashley: 72
• The Contribution of the Church to Commerce J Dorsey Forrest: 74
• Italian Commerce in the Fourteenth Century Thomas B Macaulay: 76
• PREINDUSTRIAL POLICY 36 Property and Service on the Manor An editorial: 77
• Solidarity in the Mediaeval Town An editorial: 80
• Articles of the Spurriers of London: 83
• The Control of Industry in the Gild Period L F Salzmann: 85
• Labor on the Southern Plantation An editorial: 89
• PREINDUSTRIAL RIGHTS AND DUTIES 42 The Classic Statement of the Organic Nature of Society St Paul: 90
• The Gospel of Stewardship St Thomas Aquinas: 91
• The Bill of Rights Statutes of the Realm: 92
• The Theory of Natural Rights: 93
• b The Rights of Men and of Citizens National Assembly of France: 94
• d Some Addenda Constitution of the United States: 95
• The Industrial Revolution Introduction: 97
• A THE ANTECEDENTS OF THE REVOLUTION 46 English Industry on the Eve of the Revolution Arnold Toynbee: 98
• Geographical Discovery and the Revolution William Cunningham: 102
• B THE NATURE AND SCOPE OF THE REVOLUTION 48 Technology and the Revolution: 103
• The Comprehensiveness of the Revolution J H Clapham: 107
• THE NEW INDUSTRIALISM 50 The Function of Capital J Dorsey Forrest: 110
• The Factory System Carl Bücher: 112
• The Machine Process Thorstein Veblen: 113
• The New Domestic System Herbert J Davenport: 115
• THE WORLD OF LABOR 54 Why Labor Resists Machines Edwin Cannan: 118
• Labors Willing Slaves Edwin Arnold: 120
• The Wage Slaves Allan L Benson: 121
• E NATIONAL EXPRESSIONS OF INDUSTRIALISM 57 Individualism and American Efficiency Arthur Shadwell: 122
• German Socialized Efficiency Samuel P Orth: 126
• F THE EXTENSION OF INDUSTRIALISM 59 The Competitive Victory of Western Culture James Bryce: 130
• The Economic Conflict of Western and Primitive Culture Freida S Miller: 131
• Industrial Penetration Henri Hauser: 134
• Concessions and the War Alvin Johnson: 137
• A PRICE AS AN ORGANIZING FORCE 63 The Social Order Edwin Cannan: 142
• B THE ORGANIZATION OF PRICES PAGE 65 The Nature of the PriceSystem An editorial: 146
• The Constraints of the PriceSystem Walton H Hamilton: 150
• PECUNIARY COMPETITION 67 Economic Activity as a Struggle for Existence Arthur Fairbanks: 156
• Competition and Organization Charles H Cooley: 158
• The Ethics of Competition: 159
• b The Selfishness of Competition S J Chapman: 160
• The Plane of Competition Henry C Adams: 161
• PRICEFIXING BY AUTHORITY 71 The Statute of Laborers Statutes of the Realm: 163
• The Futility of PriceFixing John Witherspoon: 165
• The Problem of Controlling Prices J Maurice Clark: 166
• PAGE: 167
• E THE FUNCTION OF THE MIDDLEMEN 74 A Condemnation of Forestallers Statutes of the Realm: 169
• The Function of the Middleman Hartley Withers: 170
• Middlemen in the Produce Trade Edwin G Nourse: 171
• F SPECULATION 78 The Gamble of Life John W Gates: 173
• The Ethics of Speculation The Outlook: 176
• Hedging on the Wheat Market Albert C Stephens: 178
• The Ups and Downs of Securities Francis W Hirst: 180
• The Functions of Exchanges Charles A Conant: 183
• G THE CORPORATION 84 The Nature of the Business Corporation Harrison S Smalley: 185
• Corporate Distribution of Risks and Control W H Lyon: 188
• The Management of the Corporation Wesley C Mitchell: 190
• The Function of the Corporation J B Canning: 192
• H THE ORGANIZATION OF TRADES 88 Competition and Association Henry Clay: 195
• The Relations between Trades John A Hobson: 197
• The Planlessness of Production Wesley C Mitchell: 200
• B THE ECONOMIC CYCLE: 215
• The Theory of Population Thomas Robert Malthus: 219
• The Irrepressible Crisis W H Lough: 222
• The Current Status of Immigration National Industrial Con: 225
• The Course of the Panic of 1907: 228
• A Protest against Immigration United Garment Workers: 231
• E WAR AND THE CYCLE: 234
• The Economics of Immigration Frank A Fetter: 237
• F CONTROL OF THE INDUSTRIAL CYCLE: 240
• Introduction: 251
• A THE NATURE OF MODERN WAR 113 War and the State of the Industrial Arts Adam Smith: 252
• War and Economic Organization Clarence E Ayres: 256
• The Larger Economic Strategy An editorial: 259
• B THE SINEWS OF WAR 116 The Demands of War An editorial: 264
• The Organization of Man Power Mark Sullivan: 266
• The Nature of the Standard of Living Frank Hatch Streightoff: 267
• The Insatiable Demand for Munitions Edwin Montagu: 269
• The Scientific Basis of War Technique George K Burgess: 270
• The Progress of the Minimum Wage American Labor Legislation: 273
• METHODS OF INDUSTRIAL MOBILIZATION 120 Voluntary Army Recruiting André Chevrillon: 274
• Voluntary Enlistment of Factories Harold G Moulton: 275
• Voluntary Mobilization of Labor Leon C Marshall: 278
• Work or Fight General Enoch Crowder: 279
• Priorities Alvin Johnson: 280
• Industrial Conscription Harold G Moulton: 281
• MOBILIZATION IN LIBERAL COUNTRIES 126 The Penalty of Taking the Lead Thorstein Veblen: 284
• The Extent of TradeUnionism Leo Wolman: 285
• Social Customs and Efficiency in War Harold G Moulton: 286
• A Nation of Amateurs Leon C Marshall: 288
• The Consumers Dilemma: 290
• a The Appeal to Spend Advertisement in New York Times: 291
• b Practical Patriotism Advertisement in New York Times: 292
• c Consumptive Slackers Thomas Nixon Carver: 293
• E GETTING OUT OF WAR 131 The Rate of Demobilization Journal of Political Economy: 295
• Keeping Production Up David Friday: 299
• The Fetish of Reconstruction An editorial: 303
• Introduction: 307
• A THE BASIS OF INTERNATIONAL TRADE 134 International Cooperation Charles Gide: 309
• The Law of Comparative Costs Fred M Taylor: 311
• The Theory of Free Trade An editorial: 313
• The Favorable Balance of Trade Thomas Mun and Charles W Fairbanks: 315
• The Mystery of the Balance of Trade Hartley Withers: 316
• B THE PERENNIAL ARGUMENT FOR RESTRICTION 139 Keeping Trade at Home: 319
• Gold and Wealth Martin Luther: 321
• The Seen and the Unseen Frederic Bastiat: 324
• Americas Allegiance to Protection Albert J Leffingwell: 326
• Protection and the Formation of Capital Alvin Johnson: 328
• The Economics of Protection An editorial: 331
• THE TARIFF AND WAGES 148 High Wages an Obstacle to Manufacture Daniel Webster: 334
• Protection and High Wages American Economist: 336
• The Effect of Industrial Changes on Wages Alvin Johnson: 337
• E TARIFF POLICY IN PROCESS 151 A HalfCentury of Tariff History Harrison S Smalley: 338
• Recent Tariff History An editorial: 342
• What a Tariff Bill Is Like The UnderwoodSimmons Act: 344
• The Tariff Commission Journal of Political Economy: 347
• F THE ARGUMENT FROM EXPERIENCE 155 Protection and Prosperity Robert Ellis Thompson: 349
• Free Trade and Prosperity Liberal Party Pamphlet: 350
• G PROTECTION IN PRACTICE PAGE 157 A Humble Request of Congress Wool Growers and Manu facturers: 351
• A Recipe for Securing Duties S N D North and William Whitman: 352
• The Tariff a Local Issue Congressional Record: 353
• Tariff for Politics Only Peter Finley Dunne: 354
• Tricks of Tariff Making H Parker Willis: 357
• The Impossibility of Ascertaining Costs H Parker Willis: 359
• H THE TARIFF AND WORLDTRADE 163 Recent Changes in the Worlds Trade Grosvenor M Jones: 360
• The Increase in Shipping Raymond Garfield Gettell: 364
• New Policies in Foreign Trade William B Colver: 366
• Export Associations The Americas: 369
• TRADE AND THE PEACE OF THE WORLD 167 Protection and National Defense An editorial: 370
• The Future of Trade and Peace J Russel Smith: 372
• The Cult of National SelfSufficiency Edwin Cannan: 374
• The Problem of Railway Regulation Introduction: 376
• A THE BASIS OF THE PROBLEM 170 The Dual Nature of the Railway Corporation An editorial: 378
• The Economic Basis of Regulation I Leo Sharfman: 379
• The Futility of Railway Competition Arthur T Hadley: 384
• B ASPECTS OF RATEMAKING 173 Freight Classification William Z Ripley: 386
• State Regulation and Inefficient Service C O Ruggles: 388
• The Futility of Costs as a Basis for Rates Sydney Charles Williams: 389
• Charging What the Traffic Will Bear W M Acworth: 392
• The Rate Theory of the Interstate Commerce Commission M В Hammond: 393
• Complaints against the Railroad System The Cullom Committee: 395
• VALUATION OF THE RAILROADS: 402
• The Beginning of Federal Control Journal of Political Economy: 410
• F THE CRISIS IN RAILWAY POLICY: 418
• The Requisites of a National Policy James D Magee: 426
• The Perennial Protest against Monopoly: 434
• The Incentives to Monopoly Chester W Wright: 441
• Monopoly and Efficiency Louis D Brandeis: 449
• The Tieing Agreement W H S Stevens: 456
• The Sherman AntiTrust Act United States Statutes: 462
• Provisions of the Clayton Act W H S Stevens: 468
• Results of Regulating Combinations E Dana Durand: 474
• A THE QUESTION OF NUMBERS: 481
• H THE QUALITY OF POPULATION: 511
• Emergency Elasticity of Credit Harold G Moulton: 528
• Immigration and Eugenics Walter E Weyl: 530
• The Rationale of Eugenics James A Field: 532
• THE POPULATION PROBLEM OF TODAY 244 Population Pressure in Japan Walter E Weyl: 535
• 245: 539
• War and a Population Policy James A Field: 541
• The Problems of Economic Insecurity Introduction: 545
• A INSECURITY UNDER MODERN INDUSTRIALISM 247 Competition and Personal Insecurity Thomas Kirkup: 547
• 248: 549
• Economic Insecurity and Insurance William F Willoughby: 552
• B UNEMPLOYMENT 250 Character and Types of Unemployment W H Beveridge: 554
• An Ideal System of Labor Exchanges John B Andrews: 556
• United States Employment Service Woodrow Wilson: 560
• Cyclical Distribution of Government Orders Sidney and Beatrice Webb: 561
• The Relief of Unemployment Mayors Committee in New York: 563
• The Machine Process and Industrial Accident E H Downey: 566
• Casualties in War and Industry Pennsylvania Department of Labor: 569
• Some Sample Accidents Pennsylvania Department of Labor: 570
• Imputation of Responsibility for Accidents A Railway Company: 572
• The Incidence of Work Accidents E H Downey: 575
• The Necessity of Employers Liability Adna F Weber: 577
• SICKNESS AND HEALTH 262 The Nations Physical Fitness Provost Marshal General: 578
• The Industrial Cost of Sickness Joseph P Chamberlain: 580
• Why Sickness Insurance Should Be Compulsory I M Rubinow: 581
• The British National Insurance Bill Warren S Thompson: 582
• Health Insurance for the United States B S Warren and Edgar Sydenstricker: 584
• THE THEORY OF UNIONISM PAGE 289 The Principle of Uniformity Robert F Hoxie: 638
• Collective Bargaining and the Trade Agreement John R Com mons: 641
• The Economics of the Closed Shop Frank P Stockton: 644
• The Ethics of the Closed Shop James H Tufts: 648
• THE WEAPONS OF INDUSTRIAL CONFLICT: 650
• The Function of the Strike in Collective Bargaining John Mitchell 6 50: 651
• The Striker and the Worker Solon Lauer: 652
• WantedJobs Breaking Strikes American Industries: 653
• The Boycott of the Butterick Company A J Portenar: 654
• Ostracism as an Industrial Weapon Frank Julian Warne: 655
• The Scab Dyer D Lum: 657
• E UNIONISM IN WAR TIME 301 The Challenge to American Labor: 659
• b France New Republic: 660
• A WarTime Labor Policy War Labor Conference Board: 663
• F WOMANS INVASION 304 Replacement of Men by Women New York Department of Labor: 666
• The Health of Women in Industry Janet M Campbell: 671
• Will There Be a Sex War in Industry? Mary Stocks: 673
• G REVOLUTIONARY UNIONISM 307 Sabotage: 677
• c Put Salt in the Sugar Montpelier Labor Exchange: 678
• d The Effectiveness of Sabotage Arturo M Giovannitti: 679
• The Standpoint of Syndicalism Louis Levine: 681
• Where Radicalism Thrives Commission on Industrial Relations: 683
• Problem of Control within Industry Introduction PAGE: 686
• A UNREST 310 War and National Unity Garton Foundation: 687
• Portrayal of Unrest in War Felix Frankfurter: 691
• B OUTPUT 312 Selling Labor Short Walter Drew: 695
• The Limits of Sabotage Thorstein Veblen: 697
• The Increase in Production Garton Foundation: 700
• EFFICIENCY 315 Labor and Efficiency Frederic W Taylor: 705
• The Nature of Scientific Management Maurice L Cooke: 707
• The Attitude of Organized Labor American Federation of Labor: 709
• Scientific Management and Welfare Robert F Hoxie: 711
• Employment Management New Republic: 713
• Industrial Physiology Frederic S Lee: 714
• Joint Standing Industrial Councils Whitley Committee: 716
• The Organization of Works Committees Whitley Committee: 722
• National Councils for Industry British Ministry of Labor: 723
• A National Industrial Council British National Industrial Con ference: 727
• E POLITICS 326 Instincts and Employment Irving Fisher: 729
• The Midvale Plan Midvale Steel Corporation: 731
• The Colorado Plan Colorado Fuel and Iron Company: 736
• The Future of Industrial Relations Henry P Kendall: 739
• F STANDARDS 330 Standards for Children Entering Employment Conference on Child Welfare 331 Standards for Women in Industry United State...: 741
• International Labor Standards International Labor Conference 743: 743
• Social Reform and Legal Institutions PAGE Introduction: 751
• A THE LEGAL SYSTEM 333 The Economic Basis of Law Achille Loria: 753
• Social Rights and the Legal System Roscoe Pound: 754
• Law and Social Statics Oliver W Holmes: 757
• The Social Function of Law Homer Hoyt: 758
• B PRIVATE PROPERTY 337 Progress and Property Paul Elmer More: 762
• MineProperty and Rights David M Parry: 764
• My Apology P Property: 766
• The Constitutional Position of Property in America Arthur T Hadley: 769
• INDUSTRIAL LIBERTY 341 The Mediatory Character of Freedom Thomas Hill Green: 775
• Contract and Personal Responsibility Arthur T Hadley: 777
• Labor and Freedom of Contract Chicago Industrial Exhibit: 779
• Static Assumptions of Contractual Freedom Roscoe Pound: 780
• Contractual RightsLegal and Real Thorstein Veblen: 783
• THE COURTS AND LABOR 346 Limitation of the WorkingDay: 784
• b Maternity and State Regulation United States Supreme Court: 785
• c The Supremacy of the Police Power United States Supreme Court: 786
• Reciprocal Nature of Employers and Employees Rights United States Circuit Court: 787
• Unionism and the Conditions of Employment United States Supreme Court: 788
• The Legality of Unionizing a Shop Louis D Brandeis: 791
• The Legal Issue in the Minimum Wage Thomas Reed Powell: 793
• Introduction: 797
• A THE THEORY OF PUBLIC FINANCE 351 Expenditures and Social Organization Henry Carter Adams: 798
• The Individualistic Theory of Taxation William Kennedy: 800
• Canons of Taxation Adam Smith: 802
• The Evils of Inflation A C Miller: 809
• The ExcessProfits Tax Edwin R A Seligman: 815
• The New Revenue Act Thomas Sewall Adams: 821
• Public Capitalization of the Inheritance Tax Alvin Johnson: 827
• B THE BURDEN OF THE WAR PAGE 369 Costs in Treasure and Men Fire Companies Building Corporation: 839
• The Economic Costs J A Hobson: 841
• The Ultimate Burdens An editorial: 844
• STATE SOCIALISM 372 The Economic Failure of Capitalism J Ramsay Macdonald: 847
• The Central Aim of Socialism Thomas Kirkup: 849
• The Transition to the Socialist State O D Skelton: 851
• Socialism and Inequality N G Pierson: 852
• Socialism and the Factors of Production: 855
• SOCIALIST ARGUMENTS FOR THE MASSES 377 Capitalisma Vampire System George E Littlefield: 858
• The Capitalists Ten Commandments W Willis Harris: 859
• A Confession of Faith Progressive Thought: 860
• Labor Policy after the War G D H Cole: 866
• F SOME RECONSTRUCTION PROGRAMS 382 A Business Program United States Chamber of Commerce: 870
• A Church Program National Catholic War Council: 874
• A Labor Program British Labor Party: 878
• Introduction: 890
• A INDUSTRY AN INSTRUMENT 385 A Functional Society R H Tawney: 892
• The Ethics of Industry James H Tufts: 894
• Surplus Wealth for the Common Good British Labor Party: 897
• B CONTROL BY MAGICPANACEAS 388 Stable Money and the Future George H Shibley: 899
• Universal Federation King C Gillette: 900
• A New Earth L G Chiozza Money: 902
• CONTROL BY METHOD 392 ControlAgitation vs Method Wesley C Mitchell: 904
• The Socialization of Knowledge J Maurice Clark: 908
• CHECKS ON DEVELOPMENT PAGE 394 Industrial Freedom and Prosperity James J Hill: 912
• The Futility of Utopian Legislation Elihu Root: 915
• The PriceSystem and Development Walton H Hamilton: 917
• E CONTROL BY EDUCATION 397 Education and Control An editorial: 922
• The Function of Vocational Training Edwin F Gay: 924
• Education and Social Theory A Clutton Brock: 927
• A Primary Culture for Democracy Charles H Cooley: 930
• The Function of the College Alexander Meiklejohn: 933
• F THE FUTURE OF INDUSTRIAL SOCIETY 402 Progress and Discontent Thomas B Macaulay: 935
• The Banquet of Life William Graham Sumner: 936
• A New Symbolism Alvin Johnson: 939

Bibliographic information

• Title: Current Economic Problems: A Series of Readings in the Control of Industrial Development
• Editor: Walton Hale Hamilton
• Edition: revised
• Publisher: University of Chicago Press, 1919
• Original from: Harvard University
• Digitized: Apr 16, 2008
• Length: 955 pages