THE

ECONOMIC JOURNAL

VOLUME XXXIV

MACMILLAN AND CO., LIMITED
LONDON • BOYBAY · CALCUTTA

XADRAS. MELBOURXX

THE XACMILLAN COMPANY NEW YORK • BOSTON • CHICAGO • DALLAS

SAN FRANCISCO

THE MACMILLAN CO. OF CANADA, LTD.

TORONTO

THE

ECONOMIC JOURNAL

THE JOURNAL OF

The Royal Economic Society

EDITED BY
F. Y. EDGEWORTH and J. M. KEYNES