“The definite opinions she expresses are so often at variance with one another that the reviewer must tear up his laboured analysis and plead ignorance. But her inconsistency is only superficial; through it all she is affirming her love for what is noble and disinterested.”
+ The Times [London] Lit Sup p176 Ap 3 ’19 1100w
MCPHERSON, LOGAN GRANT. Flow of value. *$2.50 (2c) Century 330.1
20–1957
Proceeding from the premise that human energy ought to be directed to the service of human kind, it is the author’s object to ascertain how human activities can be so coordinated as to result in the general good. His problem is to assemble the findings of economists and sociologists into a body of scientific facts from which the trained investigator can draw correct conclusions. The book is a continuation of the presentation embodied in a previous volume: “How the world makes its living,” and presents the sequence of cause and effect in determining prices, wages, and profit. A partial list of the contents is: Human effort and human wants; Property in matter and property in force; Utility and utilities; The exchange of utilities and the unit of exchange; The actual development of industry and commerce in the United States; The relativity of human effort and the relativity of human wants; The interrelations of effort, prices, and profit; Value; Capital; The ultimate units of production and consumption; Money; The trend of the monetary and banking system; Sound minds in sound bodies; Index.
+ Dial 68:671 My ’20 80w
“The value of the present work lies in the clearness with which the fact is developed that all commodities and services are the product of human effort. The vigorous enforcement of this truth at a time when the world seems bent on a hunger strike is a real service.”
+ Review 2:282 Mr 20 ’20 1000w R of Rs 61:447 Ap ’20 140w
“Teachers of college courses in economics will find in Mr McPherson’s ‘The flow of value’ an admirable book for collateral reading. The clarity of exposition, the wealth of concrete illustration, and the refreshing novelty of some of the analysis deserve special commendation.” E. R. Burton
+ Survey 44:541 Jl 17 ’20 170w