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THE ROYAL ECONOMIC SOCIETY (incorporated by Royal Charter, 1902) was founded, under the name of the BRITISH ECONOMIC ASSOCIATION, at a meeting held at University College, London, on November 20th, 1890, the Right Hon. G. J. Goschen, M.P. (the late Viscount Goschen), in the Chair.

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The Journal of the Society, published quarterly by Messrs. Macmillan and Co., Ltd., London, and sent post free to Fellows, is intended to represent the various shades of economic opinion, and to be the organ, not of one school of economists, but of all. The Journal numbers among its contributors the leading economists of all countries. Fellows are entitled in addition to the Journal, to copies of sundry other publications issued by the Society from time to time.

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By arrangement with the London School of Economics, Fellows of the Royal Economic Society may obtain from the Secretary a card entitling them to the use of the valuable library of that institution.

Patron-HIS MAJESTY THE KING.

Council:

THE RIGHT HON. VISCOUNT HALDANE OF CLOAN, O.M., F.R.S., President.

THE RIGHT HON. THE EARL OF BALFOUR, K.G.,

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WALTER JUDD, Ltd., 97, Gresham Street, London, E.C. 2

ARTICLES:-

VOLUME XXXIV

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501

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177

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188
589

52

Armstrong, W. E., Rossel Island Money: A Unique Monetary System 423
Ashley, Prof. Sir William, A Retrospect of Free-trade Doctrine
Bellerby, J. R., The Monetary Policy of the Future
Bickerdike, C. F., Individual and Social Interests in Relation to Saving 408
Bowley, Prof. A. L., Births and Population in Great Britain
Buckley, H., Sir Thomas Gresham and the Foreign Exchanges
Cannan, Prof. E., Limitation of Currency or Limitation of Credit ?
Carver, Prof. T. N., The Incidence of Costs
Clay, Prof. H., The Post-War Wages Problem
Copland, Prof. D. B., The Economic Situation in Australia, 1918-23...
Copland, Prof. D. B., Some Problems of Taxation in Australia
Discussion on Monetary Reform at Annual Meeting,-Prof. Cannan,
Mr. R. G. Hawtrey, Sir Charles Addis, Mr. J. M. Keynes, Lord
Milner
Fay, Prof. C. R., The Sale of Corn in the 19th Century
Grant, Miss I. F., The Income from a Scotch Farm in the 18th Century
Guillebaud, C. W., The Economics of the Dawes Report
Heaton, H., An Experiment in the Teaching of Economics
Keynes, J. M., A Comment on Prof. Cannan's Article
Keynes, J. M., Alfred Marshall, 1842-1924
Lindsay, A. D., Organisation of Labour in the Army during the War
Richardson, J. H., The Family Allowance System
Robertson, D. H., Those Empty Boxes

Rowe, J. W. F., Wages in the Cotton Industry, 1914-1920
Tocker, A. H., The Monetary Standards of New Zealand and Australia
Venn, J. A., The Report of the Agricultural Tribunal
Wadia, Prof. P. A., True Basis of Protection for India

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Andréadès, A., La Population Anglaise. By Prof. A. L. Bowley
Angas, L. L. B., Germany and her Debts. By T. E. Gregory ...
Bellerby, J. R., Control of Credit as a Remedy for Unemployment. By
R. G. Hawtrey
Belloc, H., Economics for Helen. By Helène Reynard
Berridge, W. A., Cycles of Unemployment in the United States. By Sir
W. Beveridge
Beveridge, Sir W. H., Insurance for All and Everything. By N. B.
Dearle

Blanc, E. T., Co-operative Movement in Russia. By Henry Vivian
Bowley, A. L., The Mathematical Groundwork of Economics. By Prof.
F. Y. Edgeworth
Broughton, G. M., Labour in Indian Industries. By Clara E. Collet... 457
Bücher, K., Beiträge zur Wirtschaftsgeschichte. By Prof. E. Schwied-

Business Cycles and Unemployment. By Sir W. Beveridge
Campbell, P. C., Chinese Coolie Emigration. By Francis E. Lawley... 254
Cannan, E., Money: its Connexion with Rising and Falling Prices.
By T. E. Gregory
Cassel, G., The Theory of Social Economy. By H. Phillips
Chen, Ta, Chinese Migrations. By Francis E. Lawley
Clark, G. N., The Dutch Alliance and the War against French Trade,
1689-1697. By George Edmundson

99

Comish, N. H., The Standard of Living. By Helène Reynard

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120

Dibblee, G. B., The Psychological Theory of Value. By D. H. Robertson 606
Fahlbeck, P. E., Die Klassen und die Gesellschaft. By Prof. E.
Schwiedland
Finer, H., Representative Government and a Parliament of Industry. By
Graham Wallas

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90

446

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Fisher, Mrs. H. A. L., The Economic Position of the Married Woman.
By Prof. F. Y. Edgeworth
Flux, A. W., Economic Principles (Second Edition). By J. Lemberger 437
French, C. E., The Shop Committee in the United States. By. H. W.
Macrosty
Gide, Charles, Fourier, précurseur de la Coopération. By L. Smith-
Gordon

Hainisch, M., Die Landflucht. By Prof. E. Schwiedland
Hardy, C. O., Risk and Risk-bearing. By D. H. Robertson
Hastings, H. B., Costs and Profits: their Relation to Business Cycles.
By C. F. Bickerdike
Hearnshaw, F. C. J. Democracy and Labour. By L. L. Price
Herkner, H., Die Arbeiterfrage. By Prof. E. Schwiedland
Is Unemployment Inevitable? By N. B. Dearle
Jones, Eliot, The Trust Problem in the United States.
Macrosty
Joseph, H. W. B., The Labour Theory of Value in Karl Marx. By
James Bonar
Kennedy, W. P. M., Edited by, Social and Economic Conditions in
Canada. By Prof. H. E. Egerton
Keynes, J. M., Monetary Reform. By R. G. Hawtrey
Kötzschke, R., Allgemeine Wirthschaftsgeschichte des Mittelalters. By
J. H. Clapham
Kusko, B., Die Bedeutung Europas für die Entwicklung der Weltwirt-
schaft. By Prof. E. Schwiedland
Lavergne, B., Les coopératives de la consommation en France. By L.
Smith-Gordon
Lawrence, F. W. Pethick, The National Debt. By Prof. Edwin Cannan
Lescure, J., Des crises générales et périodiques de surproduction. By
J. I. Craig
Levy, H., Die_ Vereinigten Staaten von Amerika als Wirtschaftsmachet.
By Prof. J. H. Hollander
Lord, J., Capital and Steam-power, 1750-1800. By T. S. Ashton
Lotz, W., Valutafrage und öffentliche Finanzen in Deutschland. By
T. E. Gregory
Lowenfeld, H., The Birthright of Man.
Maclaren, W. A., Rubber, Tea and Cacao.
Marriott, J. A. R., Economics and Ethics.
Menger, Carl, Grundsätze der Volkswirtschaftslehre. By J. Bonar
Miles, T. B., Industrial Unrest: its Cause and a Suggested Cure. By
J. Lemberger
Moreland, W. H., From Akbar to Aurangzeb. By Sir Theodore Morison
Munro, A. E., Monetary Theory before Adam Smith. By Prof. W. R.
Scott
Nippold, O., The Development of International Law after the World War.
By J. L. Brierly

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By J. Lemberger

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By E. Cleveland Stevens...
By E. F. Jacobs ...

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Nussbaum, F. L., Commercial Policy in the French Revolution. By
Prof. Holland Rose
Ogata, K., The Co-operative Movement in Japan. By Prof. E.
Schwiedland
Pasvolsky, L., and Moulton, H. G., Russian Debts and Russian Recon-
struction. By L. Alston
Perlman, S., History of Trade Unionism in the United States. By
H. W. Macrosty