MONEY AND CURRENCY-IN RELATION TO INDUSTRY, PRICES, AND THE RATE OF INTEREST. (REVISED EDITION.) BY JOSEPH FRENCH JOHNSON, NEW YORK UNIVERSITY A clear and orderly presentation of the laws that determine the level of prices and the rate of interest, and of the important part which money and currency play in our great industries. Besides bringing up to date the review of monetary and banking legislation in the United States, the Revised Edition gives a full analysis of the important Federal Reserve Act of December 23, 1913, and considers the probable effect of its operation. 8vo. Cloth. 423 pages, with charts and diagrams. $1.75 MONEY AND BANKING-REVISED AND CON TINUED TO THE YEAR 1914. (FIFTH EDITION.) BY HORACE WHITE From its first publication White's Money and Banking has supplied the demand of the economist and of the student for a book on monetary and banking theory which should be at once a record and an interpretation of the financial history of the country. The Fifth Edition has been brought thoroughly up to date, and contains the full text of the Federal Reserve Act with an illuminating chapter analyzing and explaining the act. An appendix gives the report of the Clearing House Committee of the New York Clearing House Association on "Commercial Paper Eligible for Rediscount" under the act. The text, therefore, now fully covers the three significant steps in recent national monetary legislation the Aldrich-Vreeland Act of 1908, the central bank plan of the National Monetary Commission, and the Federal Reserve Act. 8vo. Cloth. XVI+541 pages. $1.50 UNIVERSITY OF CHICAGO PRESS New and Recent Publications in Economics READINGS IN CURRENT ECONOMIC PROBLEMS By WALTON HALE HAMILTON, Assistant Professor of Political Economy in the University of Chicago THE Volume consists of articles and excerpts from or adaptations of articles that have been published in journals, or have formed chapters in books on different phases of the subject. The selections range from one to four pages in length. The work is intended for the use of students in elementary economics and is designed particularly to meet the needs of those who, having had a thorough course in economic theory, need a general introduction to current economic problems. Its appeal will be to colleges and universities which give in the first semester a course in applied problems. The plan of the book is strictly in line with the prevailing tendency in the teaching of economics, the different articles presenting different points of view, and forming the basis for classroom discussion. 8vo, cloth; $2.25, postage extra. MATERIALS FOR THE STUDY OF ELEMENTARY ECONOMICS Edited by LEON CARROLL MARSHALL, CHESTER WHITNEY WRIGHT, and JAMES ALFRED FIELD, of the Department of Political Economy in the University of Chicago THIS volume of nearly a thousand pages is intended to supply to students of elementary economics a collection of readings, illustrating the working of economic principles in actual life. The material is drawn from the most various sources-books, magazines, newspapers, commission reports, court decisions, corporation charters, government circulars, etc. The selections have been carefully edited, so as to eliminate unsuitable material and present the documents in the most usable form. The volume, which is intended to be used in connection with any standard text, has already been adopted by many of the leading institutions of the country. Professor Edwin R. A. Seligman, Columbia University. We count ourselves fortunate to! have so good a book at our command. xviii+928 pages, 8vo, cloth; $2.75, postage extra (weight 3 lbs. 8 oz.). OUTLINES OF ECONOMICS, DEVELOPED IN A By Members of the Department of Political Economy in the University of Chicago THIS book is an attempt on the part of its authors to make some advances in the direction of improving the current methods of teaching the elementary course in economics. The ideals which have shaped the character of the book are: (1) A belief that the elementary course in economics offers exceptional opportunities for training in thinking and reasoning, and that the inductive-problem method here used is the one best adapted to accomplish this end. (2) A desire to connect the theoretical principles of economics with the actual facts and with problems of the business world, and to induce the student to apply his knowledge of that world to the subject of study. The result is a careful analytical syllabus of the subjects usually covered in the introductory course, accompanied by some 1,200 questions and problems designed (a) to afford set problems for written work; (b) to guide the student in his reading, while fostering independent thinking; (c) to give direction to classroom discussion. The Nation. In their Outlines of Economics, Developed in a Series of Problems, three members of the Department of Political Economy in the University of Chicago have performed with remarkable thoroughness and grasp a task of great difficulty. xvi+144 pages, interleaved, 12mo, cloth; 50 cents, postage extra (weight 1 lb. 10 oz.). THE UNIVERSITY OF CHICAGO PRESS WAR OF 1812 BY FRANK A. UPDYKE, PH.D. IRA ALLEN EASTMAN PROFESSOR OF POLITICAL SCIENCE IN 504 pages. Cloth, $2.50 THIS Volume contains the lectures delivered at the Johns Hopkins University in 1914 on the Albert Shaw Foundation. The author carefully analyzes the diplomatic correspondence in regard to neutral rights and the impressment of seamen which preceded the War of 1812. The protests against interference with neutral trade made by Presidents Jefferson and Madison have an unexpectedly familiar sound today. Then, as now, the United States was the principal neutral power in a war which involved all Europe. The causes of the War of 1812 are clearly set forth. The Treaty of Ghent, the hundredth anniversary of which has recently been celebrated, is the central theme of the latter half of the volume. The negotiations leading to the signing of that treaty are clearly described. The terms of the treaty are examined as well as the questions in dispute which were omitted, and which continued to disturb the relations of the two countries for many years. In the concluding chapter each of these disputed questions is traced to its final solution. ORDERS SHOULD BE ADDRESSED TO THE JOHNS HOPKINS PRESS OF A WORLD-WIDE WAR INTEL- THE LIVING AGE INDISPENSABLE. IT IS THE ONLY AMER- SUBSCRIPTIONS SIX DOLLARS A YEAR. THREE DOLLARS FOR SIX MONTHS SPECIMEN COPIES SENT FREE ON REQUEST THE LIVING AGE COMPANY 6 BEACON STREET BOSTON Economic Prizes TWELFTH YEAR In order to arouse an interest in the study of topics relating to commerce and industry, and to stimulate those who have a college training to consider the problems of a business career, a committee composed of Professor J. Laurence Laughlin, University of Chicago, chairman, Professor Henry C. Adams, University of Michigan, Professor Edwin F. Gay, Harvard University, has been enabled, through the generosity of Messrs. Hart, Schaffner & Marx, of Chicago, to offer in 1916 four prizes for the best studies in the economic field. In addition to the subjects printed below, a list of available subjects proposed in past years may be had on request. Attention is expressly called to the rule that a competitor is not confined to topics proposed in the announcements of this committee, but any other subject chosen must first be approved by it. 1. The Effect of the European War on the Future Rate of Interest. 2. The Relations of Credit and Exchange between the United States and South American Countries. 3. The Economic Effects of the Entrance of Japan Upon the Chinese Mainland. 4. A Critical Study of the Appropriations for Rivers and Harbors of the United States, 1895-1915. 5. A Critical Examination of the Recent Fiscal Policy of the United States, 1913-15. 6. The Needs and Future of American Shipping. Class B includes only those who, at the time the papers are sent in, are undergraduates of any American college. Class A includes any other Americans without restriction; the possession of a degree is not required of any contestant in this class, nor is any age limit set. A FIRST PRIZE OF ONE THOUSAND DOLLARS, AND are offered to contestants in Class A. DOLLARS A FIRST PRIZE OF THREE HUNDRED DOLLARS, AND are offered to contestants in Class B. The committee reserves to itself the right to award the two prizes of $1000 and $500 of Class A to undergraduates in Class B, if the merits of the papers demand it. The committee also reserves the privilege of dividing the prizes offered, if justice can be best obtained thereby. The winner of a prize shall not receive the amount designated until he has prepared his manuscript for the printer to the satisfaction of the committee. The ownership of the copyright of successful studies will vest in the donors, and it is expected that, without precluding the use of these papers as theses for higher degrees, they will cause them to be issued in some permanent form. Competitors are advised that the studies should be thorough, expressed in good English, and although not limited as to length, they should not be needlessly expanded. They should be inscribed with an assumed name, the class in which they are presented, and accompanied by a sealed envelope giving the real name and address of the competitor. No paper is eligible which shall have been printed or published in a form to disclose the identity of the author before the award shall have been made. If the competitor is in CLASS B, the sealed envelope should contain the name of the institution in which he is studying. The papers should be sent on or before June 1, 1916, to J. Laurence Laughlin, Esq. The University of Chicago |