- •A project of Liberty Fund, Inc.
- •Frank A. Fetter, Economics, vol. 2: Modern Economic Problems [1916]
- •The Online Library of Liberty Collection
- •Edition used:
- •About this title:
- •About Liberty Fund:
- •Copyright information:
- •Fair use statement:
- •Table of Contents
- •FOREWORD TO THE REVISED EDITION.
- •Modern Economic Problems
- •PART I
- •MONEY AND PRICES
- •CHAPTER 1
- •NATURE OF ECONOMIC PROBLEMS
- •References:
- •CHAPTER 2
- •ORIGIN AND NATURE OF MONEY
- •References.
- •CHAPTER 3
- •COMMODITY MONEY AND THE QUANTITY THEORY
- •References.
- •CHAPTER 4
- •FIDUCIARY MONEY, METAL AND PAPER
- •References.
- •CHAPTER 5
- •PRICE LEVELS AND THE GOLD STANDARD
- •References.
- •CHAPTER 6
- •RISING PRICES AND THE STANDARD
- •References.
- •PART II
- •BANKING AND INSURANCE
- •CHAPTER 7
- •THE FUNCTIONS OF BANKS
- •References.
- •CHAPTER 8
- •BANKING IN THE UNITED STATES BEFORE 1914
- •References.
- •CHAPTER 9
- •THE FEDERAL RESERVE ACT
- •References.
- •CHAPTER 10
- •CRISES AND INDUSTRIAL DEPRESSIONS
- •References.
- •CHAPTER 11
- •INSTITUTIONS FOR SAVING AND INVESTMENT
- •References.
- •CHAPTER 12
- •PRINCIPLES OF INSURANCE
- •References.
- •CHAPTER 13
- •SCIENTIFIC LIFE INSURANCE
- •References.
- •PART III
- •TARIFF AND TAXATION
- •CHAPTER 14
- •AMERICAN TARIFF HISTORY
- •References.
- •CHAPTER 15
- •INTERNATIONAL TRADE
- •References.
- •CHAPTER 16
- •THE POLICY OF A PROTECTIVE TARIFF
- •References.
- •CHAPTER 17
- •OBJECTS AND PRINCIPLES OF TAXATION
- •References.
- •CHAPTER 18
- •PROPERTY AND CORPORATION TAXES
- •References.
- •CHAPTER 19
- •PERSONAL TAXES
- •References.
- •PART IV
- •WAGES AND LABOR
- •CHAPTER 20
- •METHODS OF INDUSTRIAL REMUNERATION
- •References.
- •CHAPTER 21
- •ORGANIZED LABOR
- •References.
- •CHAPTER 22
- •PUBLIC REGULATION OF HOURS AND WAGES
- •References.
- •CHAPTER 23
- •OTHER PROTECTIVE LABOR AND SOCIAL LEGISLATION
- •References.
- •CHAPTER 24
- •SOCIAL INSURANCE
- •Accident Insurance
- •Old-Age and Invalidity Pensions
- •Health Insurance
- •References.
- •CHAPTER 25
- •POPULATION AND IMMIGRATION
- •References.
- •PART V
- •PUBLIC POLICY TOWARD PRIVATE INDUSTRY
- •CHAPTER 26
- •AGRICULTURAL AND RURAL POPULATION
- •References.
- •CHAPTER 27
- •PROBLEMS OF AGRICULTURAL ECONOMICS
- •References.
- •CHAPTER 28
- •THE TRANSPORTATION PROBLEM
- •References.
- •CHAPTER 29
- •RAILROAD REGULATION
- •References.
- •CHAPTER 30
- •THE PROBLEM OF INDUSTRIAL MONOPOLY
- •References.
- •CHAPTER 31
- •PUBLIC POLICY IN RESPECT TO MONOPOLY
- •References.
- •PART VI
- •PRIVATE PROPERTY VERSUS SOCIALISM
- •CHAPTER 32
- •THE PRESENT ECONOMIC SYSTEM
- •References.
- •CHAPTER 33
- •PUBLIC OWNERSHIP
- •References.
- •CHAPTER 34
- •METHODS OF DISTRIBUTION
- •References.
- •CHAPTER 35
- •SOCIALISM, PRESENT AND FUTURE
- •References.
Online Library of Liberty: Economics, vol. 2: Modern Economic Problems
American colonies and many of the newly settled states may consist almost entirely of self-employed owners of land. Bulgaria, before the Balkan wars called the peasant state, presented this organization (though of course with some wage payment), as did also its neighbor Serbia. But, given the institution of private property with competition (freedom to buy and sell), let manufactures and commerce develop to any extent, and inequalities of fortunes increase while an increasing number of persons work for wages. It is noteworthy that as this goes on (as it has done in America at an increasing rate since the middle of the nineteenth century) it is the agricultural and rural hand industries that continue to be mainly worked by owner-managers and workers, while it is the manufacturing, transporting, and large commercial enterprises in which the labor is done for wages. The acceptance of the wage system thus far has been the inevitable price to be paid for manufacturing and industrial development.
References.
Brooks, J. G., Labor’s challenge to the social order. Pp. 441. New York. Macmillan. 1920. An able description and analysis of the aims and accomplishments of the different labor groups.
Cooley, C. H., Human nature and the social order. N. Y. Scribner. 1902. Ely, R. T., Competition: its nature, its permanency, and its beneficence. A. E. Assn. Pubs., 3d ser., 2; 55-70. 1901.
Ely, R. T., Property and contract in their relation to the distribution of wealth. N. Y. Macmillan. 1914. (2 vols.)
Gladden, Washington, Tools and the man. N. Y. Houghton. 1893. (One example of a large number of American books appealing for the application of Christian ethics to social questions.)
Gleason, A., What the workers want. A study of British labor. Pp. 518. New York. Harcourt, Brace and Howe. 1920.
King, W. I., The wealth and income of the people of the U. S. New York. Macmillan. 1915.
National Bureau of Economic Research, The income of the U. S. New York. Harcourt, Brace & Co. 1921.
Parker, C., The casual laborer and other essays. Pp. 199. New York. Harcourt, Brace & Howe. 1920. Study of the psychology of the laboring element that makes up the bulk of the I. W. W.
Spahr, C. B., Present distribution of wealth in the United States. 1896. Watkins, G. P., Growth of large fortunes. N. Y. Macmillan. 1907. Williams, W., What’s on the worker’s mind? N. Y. Scribner. 1920. A first hand study of the problem of industrial unrest.
PLL v4 (generated January 6, 2009) |
318 |
http://oll.libertyfund.org/title/2008 |