INDEX

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The following pages contain advertisements of books by the same author or on kindred subjects.

Socialism: Promise or Menace
By MORRIS HILLQUIT and JOHN A. RYAN, D.D.

270 pp., 12mo, $1.25

A debate on the right or wrong of the movement in which opposing arguments are presented dealing with various phases of the subject. The attack is made by Dr. Ryan, Professor of Moral Theology and Economics in St. Paul Seminary and author of A Living Wage. The defender, Mr. Hillquit, is a practising lawyer and has been a delegate to national and international socialist conferences for several years.

"One of the most important books ever published, bearing on the issue of Socialism."—Ohio State Journal.

"Many books have been written on the subject, but no better presentation of both sides in one volume can be found than in Socialism, Promise or Menace.... It is a fine, fair and square discussion."—Congregationalist.

"Nowhere else within the covers of a single volume can be found such a satisfactory presentation of the leading arguments and counter-arguments on a great question, for each debater is amply qualified to present his case."—Boston Globe.

A Living Wage, Its Ethical and Economic Aspects
By JOHN A RYAN, S.T.L.
Professor of Ethics and Economics in St. Paul's Seminary.

Cloth, 12mo, $1.00; Standard Library Edition, $.50

"Father Ryan's work on the Living Wage is perhaps the best exposition of the labor phase of the social problem. It has taken its place on the shelves of public and private libraries beside other standard works, while the name of the author is associated with the leading American sociologists.

"The volume is prefaced by an introduction by Professor Richard T. Ely, the noted American economist. As the title indicates, the subject is not merely treated from an economic point of view, but also in its economic aspects—a course of procedure that is somewhat of a departure from prevailing discussions of economic subjects. There is a tendency to treat political economy as a subject related to mathematics. Statistics and axioms are the predominating features. However, the science of political economy cannot disregard the origin and destiny of man.

"'The Living Wage' is based on the principles of Christian philosophy. Its logic proceeds from the Christian conception of the dignity of man. Father Ryan's book is thus a most timely and necessary contribution to sociological literature. That 'The Living Wage' has met the popularity that it has, is evidence of the growing conviction that the social problem cannot be solved except on Christian principles."—Common Cause.

"It is refreshing to pick up a book by Dr. Ryan, who is always so sane and so convincing."—North Western Chronicle.

"The book is considered the best presentation of Catholic economic thought at the disposal of the general reader."—Albany Times-Union.

"That this economic study by Father Ryan is a solid work is evidenced by the fact that it was first published in 1906, and was reprinted in 1908, 1910, and 1912.... Instead of appeals to sentiment or glittering generalities, Professor Ryan offers seasoned arguments and precise doctrine."—Portland Evening Telegram.

"The most judicious and balanced discussion at the disposal of the general reader."—World To-day.

Property and Contract in Their Relations to the Distribution of Wealth
By RICHARD T. ELY, Ph.D., LL.D.
Of the University of Wisconsin, Author of "Outlines of Economics," Editor of the "Citizens' Library," etc.

In two volumes, $4.00. Special Law Library Edition, Sheep, 8vo, $7.50

In this work, which is based upon legal decisions as well as upon economic principles, a leading authority on political economy considers simply and concisely one of the greatest problems now before the American people. Much has been heard and written of late about judicial readjustment and direct government, but few who have discussed the subject have seen the heart of it as clearly as does Professor Ely. Of special importance is his treatment of the police power, a burning question in American jurisprudence. An idea of the scope and comprehensiveness of the work may be gained from the following condensed table of contents: Introduction; Book I, The Fundamentals in the Existing Socio-Economic Order Treated from the Standpoint of Distribution; Part I, Property, Public and Private: I, Property, Public and Private, The First Fundamental Institution in the Distribution of Wealth; II, Illustrations Showing the Importance of Property in Wealth Distribution; III, Property Defined and Described; IV, Property, Possession, Estate, Resources; V, The Attribute and Characteristic of Property; VI, The Social Theory of Private Property; VII, Property and the Police Power; VIII, What May I Own? IX, The Conservative Nature of the Social Theory of Property; X, XI, A Discussion of the Kinds of Property; XII, The General Grounds for the Maintenance of Private Property; XIII, A Critical Examination of the General Grounds for the Maintenance of Private Property; XIV, XV, XVI, XVII, XVIII, XIX, The Present and Future Development of Private Property; XX, The Transformation of Public Property into Private Property and of Private Property into Public Property; XXI, The Management of Public Property with Reference to Distribution; XXII, Theories of the Origin of Private Property; Part II, Contract and Its Conditions: I, Introductory Observations; II, Contract Defined and Described; III, The Economic Significance of Contract; IV, Contract and Individualism; V, Criticism of the Individualistic Theory of Contract and the Social Theory; VI, Contracts for Personal Services; VII, Class Legislation; VIII, Facts as to Impairment of Liberty; IX, The Courts and Constitutions; X, Concluding Observations; Appendix I, Part III, Vested Interests; Appendix II, Part IV, Personal Conditions; Appendix III, Production, Present and Future, by W. I. King, Ph.D., Instructor in Statistics, University of Wisconsin; Appendix IV, List of Cases Illustrating the Attitude of the Courts Toward Property and Contract Rights and the Consequent Evolution of These Rights, by Samuel P. Orth, Ph.D., Professor of Political Science, Cornell University.

Principles of Economics
By F. W. TAUSSIG
Henry Lee Professor of Economics in Harvard University

New edition. Cloth, 8vo, 2 vols., each $2.00

Volume I, 547 pagesVolume II, 573 pages

The present edition of Professor Taussig's standard work embodies many changes throughout the text, thus bringing his work abreast of the most recent developments. The chapter on banking in the United States has been entirely re-written; as it now stands, it includes a description of the Federal Reserve Bank system and a consideration of the principles underlying the new legislation. The chapter on trusts and combinations has been largely re-written, with reference to the laws enacted in 1914. Considerable addition and revision has been made in the chapter on workmen's insurance, calling attention to the noteworthy steps taken of late years in England and the United States. The chapters on taxation and especially on income taxes, and on some other topics, have been similarly brought to date.

A remarkable tribute to the merit of this book is that while it was not intended primarily as a class text, it has been adopted for exclusive use as a text in many of the colleges and universities, both large and small. Experience has shown conclusively that the book's clarity of expression and freedom from the usual technical treatment of the subject has made it an especially suitable text for all colleges. For the smaller institutions, the book has the additional advantage of containing all the necessary material required in the usual course in economics, and thus avoids the extra expense and trouble of using several other books to supplement the basic text. In fact, the value and the extended use of this work as a comprehensive, untechnical treatment of the subject, have led many eminent economists to regard it as the most notable contribution to the subject of economics since the time of John Stuart Mill.

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