Produced by Juliet Sutherland, Keren Vergon, Leah Moser and the
Online Distributed Proofreading Team.
Economics—Volume II
1916
1. Material resources of the nation
2. The present economic system
3. Nature, use, and coinage of money
4. The value of money
5. Fiduciary money, metal and paper
6. The standard of deferred payments
7. The functions of banks
8. Banking in the United States before 1914
9. The Federal Reserve Act
10. Crises and industrial depressions
11. Institutions for saving and investment
12. Principles of insurance
13. International trade
14. The policy of a protective tariff
15. American tariff history
16. Objects and principles of taxation
17. Property and corporation taxes
18. Personal taxes
19. Methods of industrial remuneration
20. Organized labor
21. Public regulation of hours and wages
22. Other protective labor and social legislation
23. Social insurance
24. Population and immigration
25. Agricultural and rural population
26. Problems of agricultural economics
27. The railroad problem
28. The problem of industrial monopoly
29. Public policy in respect to monopoly
30. Public ownership
31. Some aspects of socialism
Index
The present volume deals with various practical problems in economics,as a volume published a year earlier dealt with the broader economicprinciples of value and distribution. To the student beginningeconomics and to the general reader the study of principles is likelyto appear more difficult than does that of concrete questions. Infact, the difficulty of the latter, tho less obvious, is equallygreat. The study of principles makes demands upon thought that areopen and unmistakable; its conclusions, drawn in the cold light ofreason, are uncolored by feeling, and are acceptable of all men solong as the precise application that may justly be made of them isnot foreseen. But conclusions regarding practical questions of publicpolicy, tho they may appear to be simple, usually are biased andcomplicated by assumptions, prejudice