ELY, Ph.D., LL.D., Professor of Political Economy
at the University of Wisconsin; THOMAS S. ADAMS, Ph.D.,
Professor of Political Economy at Yale University; MAX O.
LORENZ, Associate Statistician of the Interstate Commerce
Commission, and Professor A. A. YOUNG of Cornell.
_Third Revised Edition, Cloth, 8vo, $2.25_
"It is a sign of the time when such a standard and authoritative book as
this requires such revision for its third edition that it was not
possible to use the old type. The chapters on transportation, insurance,
socialism, and agriculture needed expansion to include legislation. The
Federal Reserve system demanded a chapter to itself, and so did labor
legislation. The statistics and references have been brought down to
date, and the book in general is more useful to the teacher, and more
attractive to the reader. The authors are both open-minded and
conservative, not condemning new ideas for their newness nor yet
accepting them for the same reason and without challenge. The book is a
useful antidote to the economic poisons which command attention through
their promises of the millennium, which they are less able to deliver,
nevertheless, than writers like these whose imaginations and benevolence
are corrected by their knowledge.
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