Originally published in 1919, this book is an outgrowth of classroom discussions. It contains in substance the talks on economics which have been made, for the past eleven years, to the author's classes in Cornell and New York Universities. The time has long since passed when a single volume can treat exhaustively the whole field of economics; designed as an introduction, this book will servce as a means to the end of a more intelligent study of economic questions and prepares the mind of the student for the thought contained in the more advanced and specialized works on the subject and the practical applications they reveal.
Table of Contents
1. Introduction: The Beginning of Economic Institutions. 2. English Guilds and the Decline of Local Restrictions. 3. National Control and the Industrial Revolution. 4. The Present Economic Order. 5. The Subject-Matter of Economics. 6. Desire, Desirability. 7. Market and Price. 8. Value and Demand. 9. Supply. 10. Money and its Purchasing Power. 11. Money and its Purchasing Power (continued). 12. Money Standards. 13. Credit and Banking. 14. Banking Legislation in the United States. 15. The Organization of Production. 16. The Law of Proportionality. 17. The Renting Contract. 18. Population and the Supply of Labor. 19. Labor and Machiniery. 20. The Principles of Wages. 21. Capital. 22. Interest. 23. Interest, Further Considered. 24. Forms of Industrial Ownership; The Corporation. 25. Large-Scale Production and Monopoly. 26. Monopoly and Monopoly Price. 27. Control of Trusts.