THE QUARTERLY JOURNAL OF ECONOMICS VOLUME XXIX CAMBRIDGE, MASS., U. S. A. PUBLISHED BY THE HARVARD UNIVERSITY PRESS 1915 Reprinted with permission of the publishers by KRAUS REPRINT CORPORATION, NEW YORK 17, N.Y. 1961 COPYRIGHT, 1914-15, BY THE PRESIDENT AND FELLOWS OF HARvard College PRINTED IN THE UNITED STATES OF AMERICA WRITERS PAGE ADRIANCE, W. M. Specific Productivity ANDERSON, B. M., Jr. The Concept of Value Further Considered BAUER, J. Depreciation and Rate Control: A Question of Justice. BENDIX, L. Germany's Financial Mobilization 724 BOGGS, T. H. Capital Investments and Trade Balances within the British Empire 768 DAY, C. The Economic Synthesis. Review DICKINSON, Z. C. State Guaranty of Bank Deposits in Nebraska. HEILMAN, R. E. Appendix: Monetary Values in Spanish America Two Rate Decisions of Importance. Note LIEFMANN, R. Monopoly or Competition as the Basis of a Gov- LOCKHART, O. C. Recent Developments in Taxation in Ohio LORIA, A. The Economic Synthesis: A Reply. Note MITCHELL, W. C. Human Behavior and Economics: A Survey of PERSONS, C. E. Women's Work and Wages in the United States 201 308 1 United States. Note SWAYZE, F. J. Ely's Property and Contract. Review TAUSSIG, F. W. Lincoln and the Tariff: A Sequel. Note Two Biographies of Inventors: Dickinson's Life of Fulton The Tobacco Industry since the Dissolution of TUCKER, R. S. The British Taxes on Land Values in Practice 642 794 SUBJECTS American Gold and Silver Production in the First Half of the Six- Appendix: Monetary Values in Spanish America Bank of England, August, 1914, The City of London and the. By British Taxes on Land Values in Practice, The. By R. S. Tucker PAGE 433 475 794 522 768 A Rejoinder 388 Dickinson's Life of Fulton. Review. Economic Synthesis, The. Review. Economic Synthesis, The: A Reply. Ely's Property and Contract. Review. By F. J. Swayze By W. C. Mitchell Increment Taxes, Effects of, upon Building Operations. Note. By R. M. Haig 829 Lincoln and the Tariff: A Sequel. Note. By F. W. Taussig Marconcini's L'Industria Domestica Salariata. Review. By 410 Monopoly or Competition as the Basis of a Government Trust 308 Rate Decisions, Two, of Importance. Note. By R. E. Heilman Taxation in Ohio, Recent Developments in. By O. C. Lockhart 480 848 Wages Boards in Australia. By M. B. Hammond. War, The, and the Financial Situation in the United States. 181 THE QUARTERLY JOURNAL OF ECONOMICS NOVEMBER, 1914 HUMAN BEHAVIOR AND ECONOMICS: A SURVEY OF RECENT LITERATURE SUMMARY Introduction: psychology and economics, 1.-I. Parmelee, Science of Human Behavior, 3. — II. Thorndike, The Original Nature of Man, 6. III. Wallas, The Great Society, 12. IV. Veblen, The Instinct of Workmanship, 19.-V. Sombart, Der Bourgeois, 29.- VI. Lippmann, A Preface to Politics, 37.-VII. Walling, Progressivism and After, 41. — VIII. Conclusion, 46. A SLIGHT but significant change seems to be taking place in the attitude of economic theorists toward psychology. Most of the older writers made no overt reference to psychology, but tacitly imputed to the men whose behavior they were analyzing certain traits consistent with common sense and convenient as a basis for theorizing. By recent writers, on the contrary, non-intercourse with psychology, long practised in silence, is explicitly proclaimed to be the proper policy. This definite pronouncement has arisen from a somewhat tardy recognition that hedonism is unsound psychology, and that the economics of both Ricardo and Jevons originally rested on hedonistic preconceptions. Since hedonism is unsound, either we must admit that both the classical and the marginal analysis 1 |