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. DAY, C. The Economic Synthesis. Review DICKINSON, Z. C. State Guaranty of Bank Deposits in Nebraska. HAIG, R. M. The Effects of Increment Taxes upon Building HARING, C. H. American Gold and Silver Production in the First HEILMAN, R. E. 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 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 181 426 642 THOMPSON, C. B. Scientific Management in Practice 262 840 308 1 SUBJECTS American Gold and Silver Production in the First Half of the Six- PAGE Appendix: Monetary Values in Spanish America 433 British Taxes on Land Values in Practice, The. By R. S. Tucker pire. By T. H. Boggs. 794 522 768 A Rejoinder 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 Increment Taxes, Effects of, upon Building Operations. Note. 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 Policy. By R. Liefmann 308 Promotion as the Cause of Crises. By M. T. England. Rate Decisions, Two, of Importance. Note. By R. E. Heilman Taxation in Ohio, Recent Developments in. By O. C. Lockhart 480 848 I. Victoria Wages Boards in Australia. By M. B. Hammond. II. Boards Outside Victoria 98 326 III. Organization and Procedure 339 IV. Social and Economic Results of Wages Boards 563 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 |