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periodicals of a more general or popular type is now easy by using the "cumulative indexes " and " readers' guides" that will be found in most colleges and public libraries. These articles are, of course, of very uneven quality and must be used discriminatingly. Most of the more important current articles on economic topics are listed, with many brief abstracts or appraisals, in the successive numbers of the American Economic Review.

Books in Special Fields. — The references given in connection with the different chapters in this volume are sufficient to enable one to make a fairly thorough study of the different subjects treated in these chapters. Many of the books referred to contain more elaborate bibliographies on their special subjects. The student should, of course, be familiar with the use of the card catalogue of a modern library. In using such a catalogue it should be remembered that the library classification of books by subjects is very rarely entirely satisfactory, so that one should exercise one's ingenuity in searching under different subjects. The Library of Congress has printed in pamphlet form lists of books and articles on various practical economic problems, and is often able to furnish, at a small price, shorter typewritten lists of references on other subjects. Short annotated bibliographies are issued by different state legislative libraries and municipal reference libraries. The bibliographies in the various economic encyclopedias, especially the Handwörterbuch der Staatswissenschaften, will often be found helpful. A very complete list of new books in various fields of economics is published quarterly in the American Economic Review.

Government Publications. The student should early acquire some familiarity with the use of government documents as first-hand sources of information. Aside from statutes and the proceedings of legislative bodies these publications include: (1) annual reports of different administrative departments and bureaus; (2) reports of special investigations made by the permanent bureaus or by special commissions; (3) records of the hearings before legislative committees of inquiry. A record of the enormous output of the publications of the federal government is contained in the Monthly Catalogue of Public Documents, published by the Superintendent of Documents, Washington. This has an annual index, and a comprehensive Document Catalogue is also published for each Congressional period. The Check List of Government Documents is convenient to use in locating regular or routine documents published before 1910. The Annotated Tables of and Consolidated Index to the Congressional Series of United States Public Documents may also be used for the same purpose. Poore's Descriptive Catalogue of the Government Publications of the United States, 1774-1881, is useful in locating irregular or obscure publications of various sorts. In nearly every congressional district there is a public or college library which is an official depository

for federal documents and has a nearly complete set of those published in recent years. Current documents may sometimes be obtained without charge from the departments or bureaus issuing them or from the Representative or Senator from one's district or state. They can always be purchased at small prices from the Superintendent of DocuThe Superintendent of Documents issues small printed price lists of the publications in different special fields.

ments.

The Library of Congress publishes a Monthly List of State Documents. Bowker's State Publications (three parts) give a fairly complete list up to about 1900, and a full index to the economic materials in state documents is being published by the Carnegie Institution. The volumes for a number of the larger states have already appeared. Municipal documents are often published in an unsystematic way, and there is no general index or list of either current or past municipal publications. The student should find it both practicable and instructive, however, to become acquainted with the published documents of the city in which he lives, or those of some large city in his state.

The British Parliamentary Papers contain a wealth of material on a wide range of economic topics. Much of this is listed in P. S. King & Son's Catalogue of Parliamentary Papers, 1801-1900 (with Supplement, 1901-1910). Lists of current publications are published by several London dealers. The more important ones are noted in the English economic journals, and (more fully) in an occasional "Blue Book Supplement" to the New Statesman, a London weekly. Among the government publications of other countries we can mention here only the valuable statistical year-books published by many nations and by a number of important cities. The student will find the statistical annuals of Australia and New Zealand especially interesting and instructive.

INDEX

Activity, desire for, as an economic | Benefit principle, in taxation, 698.

Bentham, Jeremy, 746.

motive, 104.
Adams, H. C., on fiscal aspects of the Bills of credit, colonial and revolution.
tariff, 717.

Agriculture, changes in, in England, 41,

50; history of, in United States, 84;
problems of, 596.

Agricultural credit, 609.

Agricultural stage, 37.

ary, 272.

Bimetallism, 260; in the United States,
264; international, 263.

Birth rate, in United States, 65.

Blackstone, definition of monopoly, 190 n.
Bland-Allison Act, 266.

Aldrich, N. W., plan for banking reform, Blodgett, J. H., on wages of farm labor,

306.

Aldrich-Vreeland Act, 305.

Altruism, as an economic force, 103.
American Federation of Labor, 94, 444.
American people, economic characteris-
tics of, 63.

Amortization of taxes, 706.
Anarchism, 638.

Andrew, A. P., on control of banking re-
serves by Secretary of the Treasury,
354.

Annual product, defined, 517.
Anti-trust laws, 235.

Arbitration, in labor disputes, 95, 457.
Aristotle's Politics, 741.
Artificers, statute of, 43.

Assumption of risk, legal doctrine of, 487.
Austrian school, 752.
Averages, 340.

Balanced revenue system, 735.
Balance of trade, 345; meaning of a
"favorable balance," 356; in the com-
merce of the United States, 357.
Bank acceptances, 346 n.
Bank credit, 286.

Bank notes, 290, 291, 306, 309.
Bank of England, control of gold reserves,

302.

Banking, functions of, 283. See Na-
tional banking system, Federal reserve
system.

Bargaining, surplus in, 181.
Basing-point system, 570.

Bastiat, Frédéric, 750.

607.

Bonds, corporation, 220; government,

as security for bank notes, 300. See
Public debts.

Boycotts, legality of, 475.
Brassage, 258.

Brown, E. F., on factory inspection in
the United States, 485.

Budgets, French, old and modern con-
trasted, 657; American, 662.

Bullock, C. J., on foreign trade balances
of the United States, 357.
Business organization, forms of, 214.
Business taxes, 733.

Business unit, in accounting, 213; in
law, 214. See Large-scale production.

Call loans, 289, 295.

Canadian Industrial Disputes Act, 459.
Canon law, economic ideas in, 743.

Carey, H. C., 750, 751.

Carver, T. N., on the effects of the ma-

chine system upon the workers, 127.
Capital, as a factor in production, 121;
distinguished from capital value, 110;
distinguished from consumption goods,
512; distinguished from land, 507;
social and individual, 111; free and
specialized, 506; investment in, 409,
513; replacement of, 501; effects of
varying degrees of durability of, 502;
price of, how determined, 505; pro-
ductivity of, relation to interest, 495;
relation to advances of wages, 512; in
business usage, 219.

Capitalization, corporation, 219, 221,

225; of rent, 418.

Central banks, 304, 307.
Central reserve system, 292.
Charters, corporation, 217.
Child labor laws, 56, 476.
Christianity, influence
thought, 742.

Christian socialism, 630.

Consumption, defined, 132; statistics of
144; harmful, 144.

Consumption goods, 110.

Contract, as an economic institution, 25;
in relation to distribution of wealth,
386.

on economic Contributory negligence, legal doctrine
of, 487.

Cities, growth of, in United States, 66.
Class price, 204.

Classical school, 746.

Coöperation, as an economic institution,
30; different forms of, 464; in market-
ing, 465, 619; coöperative credit, 465,
613.

Clayton Anti-trust Act, 241; in relation Copyrights, 23; as a source of monopoly,

to labor organizations, 473.
Clearing houses, 283.

Clearing-house loan certificates, 284 n.,
305.

Closed-shop policy, 448.

Coinage, 249; of standard money, 255;
limited, 259.

Coke, definition of monopoly, 190 n.
Collective bargaining, 442, 446.
Colonial policy, British, 80.
Combination Act, British, 58.
Combinations, industrial, 230; causes
of, 232; public policy toward, 243; in
other countries, 245; railway, 561.
Commerce Court, 574-
Commons, J. R. on relation of monopo-
lies to the distribution of wealth, 550.
Comparative costs, law of, 362; relation

to doctrine of free trade, 375.
Competition, described, 28; failure of,
under certain conditions, 198; relation
to maximum satisfaction of wants, 538.
Competitive investment, 513.
Commission merchants, 620.

Communism, 631.

Compulsory arbitration, 459.

Comte, Auguste, 749.

195.

Corporations, as business units, 216;
charters of, 217; advantages of, 228;
growth of, 87; management of, 226;
social aspects of, 228; lack of uni-
formity in state laws, 218; federal con-
trol needed, 245; taxation of, 731.
See Capitalization, Overcapitalization,
Combinations.

Corpus juris civilis, 742.

Cost of living, statistics of, 341, 548.
Cost of production, 148. See Expenses
of production.

Cotton industry, growth of in early
nineteenth century, 82.

Credit, functions of, 282; personal credit,

285; bank credit, 286; credit trans-

actions, 282.

Crises, analyzed, 333; crisis of 1873, 276;
1892, 267; 1907, 305.

Custom, as an economic institution, 31.
Customs duties, fiscal aspects of, 713.
See Protection.

Decreasing expenses, relation to normal
price, 171.

Deferred payments, standard of, 337-

Concentration in industry, 88. See Demand, nature of, 156; demand curve,

Large-scale production.

Concentration of wealth, distinguished

from large-scale production, 542;
methods of measuring, 543; possibility
of lessening, 551; suggested remedies,
554.

Conspiracy, legal status of, 472.
Constant expenses, relation to normal
price, 171.

Constitutional limitations, to govern-
ment regulation of industry, 96; to
railway regulation, 184, 573; to taxa-
tion, 710.

Consumers' surplus, 161.

158.

Deposits, bank, 283; how safeguarded,

287.

Dewing, A. S., on inefficiency of indus-
trial combinations, 235.

Diminishing productivity, law of, 388;
of labor, 390; of capital and land, 392;
actual operation of, 395; social aspects
of, 404.
See Marginal productivity.
Diminishing returns, law of, 419.

Diminishing utility, law of, 133.
Direct appropriation, stage of, 34.

Direct taxes, 702, 710; use of, by federal
government, 712.

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