73. Some Agricultural Changes in Relation to the Woolen

Industry

74. Early Large-Scale Production. H. O. Meredith

75. The Domestic System a Forerunner of the Factory

System. W. J. Ashley.

D. Some Examples of Differentiation of Function

PAGE

189

191

193

195

76. The Rise of Functional Middlemen. A. W. Shaw

77. Carriers and Communicators. R. B. Westerfield

78. Methods of Marketing Abroad. R. B. Westerfield.

79. The Early History of Insurance in England. W. R.

Scott

.

198

199

203

205

80. The Rise of Financial Middlemen in England. R. B.

Westerfield

207

210

81. The Exchange in England. George Clare

E. The Industrial Revolution the Current Phase of Capitalism

82. The Changes Wrought by the Revolution. L. L. Price

83. The Causes and the Achievements of the Revolution.

H. O. Meredith

.

84. Significance of the Industrial Revolution. W. H.

Hamilton

213

217

221

86. The Indirect Method of Satisfying Wants. P. H.

Wicksteed

227

236

237

87. Unrest Because of Violation of Reciprocity. A. W.

Small

90. The Benefits of International Trade. C. F. Bastable.

91. Some Criticisms of Commerce. J. S. Mill.

260

265

266

97. Produce Exchanges. S. S. Huebner.

98. The Cotton Exchange of New Orleans. The Industrial

Commission.

99. Stock Exchanges. F. M. Taylor.

E. The Rôle of the Individual

Edwin Cannan

C. H. Cooley.

C. H. Parker.

100. The Enterpriser. W. S. Jevons

101. The Individual and the Gain Spirit.

102. Competition Places the Individual.

103. Human Motives in Economic Life.

104. Some Shortcomings of Self-Interest. Henry Sidgwick

266

267

268

270

277

F. The Apportionment of Productive Energy

105. Productive Energy and Its Apportionment.

280

106. The Formation, Maintenance, and Apportionment of

Capital Goods

284

107. Costs of Progress. J. A. Hobson

287

108. Conditions of Progress. J. A. Hobson

289

109. Some Technological Aspects of Apportionment. F. M.

Taylor

290

110. Mobility and the Apportionment of Productive Energy.

H. B. Reed

294

III. The Mobility of Capital and Labor. William Smart

112. What Mobility Really Involves

113. A Pecuniary Society. H. J. Davenport.

114. The Shortcomings of Barter. W. S. Jevons

115. The Exchange Functions of Money. W. S. Jevons

116. The Rôle of Money in Economic Organization. W.H.

Hamilton

311

313

315

316

117. Money and Capital Accumulation. W. H. Hamilton

118. Qualities of a Satisfactory Money-Metal. W. S. Jevons

119. A Typical Monetary System. F. M. Taylor

319

320

323

PAGE

C. Credit and Credit Instruments

120. Credit and Its Functions

A. H. G. Moulton

324

125. The Increasing Use of Commercial Credit Instruments.

David Kinley

B. J. S. Nicholson

121. The Basis of Credit.

122. The Development of Formal Credit. Sidney Sherwood

123. The Various Kinds of Credit. H. G. Moulton .

124. Types of Commercial Credit Instruments. H. G.

Moulton.

328

330

334

338

126. Types of Investment Credit Instruments (Bonds)

F. A. Cleveland .

127. Types of Investment Credit Instruments (Stocks)

Thomas Conyngton .

341

343

D. Some Financial Institutions

128. Various Services of Banks. J. W. Gilbart.

346

129. A Classification of Banks and Types of Banking

Operations. H. G. Moulton

349

130. Investment Banking. W. A. Scott

350

131. The Services of Bond Houses. Lawrence Chamberlain

132. Trust Companies. H. G. Moulton

351

353

133. The Functions of the Stock Exchange. C. A. Conant

134. A Favorable View of Wall Street. S. S. Pratt.

135. Life Insurance Companies as Investment Institutions.

A. S. Johnson

354

355

357

136. Types of Business Organization. L. S. Lyon.

358

137. The Importance of the Corporation. W. I. King.

138. Classes of Corporations. Thomas Conyngton

E. Some Defects of the Pecuniary Order

139. Faulty Direction of Economic Activity. W. C. Mitchell

140. Production for Profit. John Spargo

141. Specialization and Co-operation. F. M. Taylor

142. Specialization in Capital. A. E. Outerbridge, Jr.

143. Labor Specialization in Meat Packing. J. R. Commons

144. Specialization in Management. F. W. Taylor .

145. Woman in Industry. C. E. Persons.

146. Geographical Specialization. E. A. Ross

377

380

381

382

385

386

391

C. An Estimate of the Value and Limits of Specialization

148. Advantages of Specialization. Edwin Cannan.

149. Disadvantages of Specialization

A. J. A. Hobson

B. A. S. Johnson

C. Josephine Goldmark

150. The Limits of Specialization

A. A. S. Johnson

B. J. S. Mill

C. J. S. Lewis

D. Interdependence, Its Forms and Consequences

151. Two Pervasive and Connective Industries. J. A.

Hobson

404

152. The Bonds of Harmony and of Repulsion among Trades.

J. A. Hobson

405

153. Interdependence of Prices. W. C. Mitchell

408

154. The Crops in Relation to Industry. A. P. Andrew

412

155. The World's Food Supply. D. A. Wells

414

415

156. The Sensitiveness of Industrial Society

CHAPTER VII. MACHINE INDUSTRY-AN EXPRESSION OF THE NEW

TECHNOLOGY

A. Problems at Issue

417

B. The Rôle of the Machine

157. The Services of the New Technology. Eugen von

Böhm-Bawerk

423

158. What the Machine Is. Karl Marx

426

159. Functions of Machinery. J. A. Hobson

428

163. Why England Led in Machine Industry. J. A. Hobson

164. The Industries Best Fitted for Machine Industry.

J. A. Hobson

162. The Brief Reign of the Machine. Hull-House Labor
Museum Report.

160. The Productivity of Machinery. H. W. Quaintance.

161. The Increase of Active Capital in the United States.

W. I. King

429

430

432

432

434

C. Some Characteristic Results of the Machine Process

165. Standardization and the Machine Process. Thorstein

Veblen

166. The Transfer of Thought, Skill, and Intelligence. D. S.

Kimball.

167. Impersonality and the Machine Process. Thorstein

Veblen

169. The Machine and the Laborer. J. A. Hobson .

170. Technical Inventions and the Capitalistic Spirit.

Werner Sombart

D. Indirect Costs and Social Control

PAGE

442

448

171. Elements of Costs. J. L. Nicholson

172. Costs in Machine Industry. J. F. Strombeck

451

177. The Brute. W. V. Moody

174. Simple versus Complex Industry.

175. Complex Industry Is Difficult to Regulate. E. D.

Durand.

176. Can We Control the Genie? J. B. Clark

173. The Importance of Added Business in Machine Indus-

try. A. M. Wellington

454

456

458

463

466

467

CHAPTER VIII. SPECULATIVE INDUSTRY: RISKS AND RISK BEARING

182. Influences That Disturb the Static Equilibrium. J.B.

Clark.

482

183. Classification of Price Influences. Irving Fisher

184. Chance. G. H. Palmer

483

485

188. Labor Disturbances. U.S. Commissioner of Labor

189. Business Failures

191. Some Functions and Effects of Insurance. John Haynes