Reviewed by Royal Cortissoz.
| + | Atlan. 95: 278. F. ‘05. 90w. |
“Her work forms ... a homogeneous whole, that is, however, somewhat marred here and there by certain strange mannerisms.”
| + + — | Int. Studio. 24: 369. F. ‘05. 200w. |
“A notable contribution to the descriptive literature of art. The author is evidently steeped in artist-lore, and in this handsome volume has presented a treatise of an art school as well as a biography of Botticelli.”
| + + | R. of Rs. 31 :252. F. ‘05. 70w. |
Carver, Thomas Nixon. The distribution of wealth. [**]$1.50. Macmillan.
In treating the value-and-distribution problem, “Professor Carver has earned high praise in that he has, with perfect clearness, defined precisely his point of view, systematically presented his doctrinal position, and carried it out with consistent argument.” The relation between values and distributive shares is traced out by Professor Carver as follows: “The value of the agent is determined by the value of the product. But what determines the value of the product? The relative want. And what determines the relative want? The relative supply. And what determines the relative supply? The cost of production. And what determines the cost of production? The value of the agents employed. And what determines the value of the agents? The value of the product; etc., etc.” The foregoing questions are discussed and answered. The law of diminishing returns is made the central feature of the theory of distribution. The author “pronounces strongly in favor of preserving the distinction between land and capital both for static and dynamic purposes; he sees, indeed, as bearing upon the relations of land and capital to cost, no significance in the distinction between static and dynamic.” Quotations from J. Pol. Econ.
“The reader has only to study a few pages before the earnestness with which the subjects are expounded infects him. The exposition is clear, and occasionally graphic representations are given to make it impossible for the student to escape comprehension.”
| + + | Acad. 68: 51. Ja. 14, ‘05. 110w. |