New edition. Cloth, 8vo, 2 vols., each $2.00
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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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FOOTNOTES:
[1] The most notable exponents of this view were: Von Maurer, "Einleitung zur Geschichte der Mark," 1854; Viollet, "Bibliotheque de l'école des chartres," 1872; Maine, "Village Communities in the East and the West," 1872; and De Laveleye, "De la propriété et ses formes primitives," 1874, of which an English translation appeared in 1878 under the title, "Primitive Property."
[2] Chief among these writers are: Fustel de Coulanges in an article in "Revue des Questions Historiques," April, 1889; translated by Margaret Ashley, and published with an introductory chapter by W. J. Ashley under the title, "The Origin of Property in Land," 1891; G. Von Below, "Beilage zur Allgemeine Zeitung: Das kurze Leben einer vielgenannten Theorie," 1903; F. Seebohm, "The Village Community," 1883. Cf. Whittaker, "Ownership, Tenure, and Taxation of Land," 1914, ch. ii; Cathrein, "Das Privatgrundeigenthum und seine Gegner," 1909; and Pesch, "Lehrbuch der Nationaloekonomie," I, 183-188.
[3] Quoted in Whittaker, op. cit., pp. 27, 28.