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BENDIX, L. Germany's Financial Mobilization
The Concept of Value
ENGLAND, M. T. Promotion as the Cause of Crises .
HAIG, R. M. The Effects of increment Taxes upon Building
II. Boards Outside Victoria
Appendix: Monetary Values in Spanish America
THOMPSON, C. B. Scientific Management in Practice
The Tobacco Industry since the Dissolution of
Moore's Economic Cycles. Review
American Gold and Silver Production in the First Half of the Six-
British Taxes on Land Values in Practice, The. By R. S. Tucker 794
Dickinson's Life of Fulton. Review. By F. W. Taussig
Increment Taxes, Effects of, upon Building Operations. Note.
Marconcini's L'Industria Domestica Salariata. Review. By
III. Organization and Procedure
Women's Work and Wages in the United States. By C. E. Per-
HUMAN BEHAVIOR AND ECONOMICS: A
SURVEY OF RECENT LITERATURE
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