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THE

ECONOMIC JOURNAL

VOLUME XXIII

MACMILLAN AND CO., LIMITED
LONDON. BOMBAY. CALCUTTA
MELBOURNE

THE MACMILLAN 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

J. M. KEYNES

VOLUME XXIII

London

MACMILLAN AND CO., LIMITED

NEW YORK: THE MACMILLAN COMPANY

1913

Patron-HIS MAJESTY THE KING.

Council:

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

THE RIGHT HON. A. J. BALFOUR, M.P., F.R.S.

THE RIGHT HON. CHARLES BOOTH, F.R.S.
THE RIGHT HON. JAMES BRYCE, O.M., F.R.S.
THE RIGHT HON. LORD COURTNEY OF PENWITH.
DR. ALFRED MARSHALL, F.B.A.

THE RIGHT HON. VISCOUNT MILNER, K.C.B.
THE RIGHT HON. VISCOUNT MORLEY OF BLACKBURN,
O.M., F.R.S.

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Vice-Presidents.

Professor E. C. K. GONNER.
Mr. HENRY HIGGS, C. B.
Mrs. KNOWLES.

Mr. C. S. LOCH.

Sir J. MACDONELL, C. B.
Mr. BERNARD Mallet, C.B.
Professor J. S. NICHOLSON, F. B.A.

(Member of Editorial Board).

Sir R. H. INGLIS PALGRAVE, F.R.S.
The Rev. L. R. PHELPS.

Professor A. C. PIGOU.

Mr. L. L. PRICE (Hon. Secretary).

The Right Hon. HERBERT L. SAMUEL, M.P.
Sir FELIX SCHUSTER, Bart.

Professor WILLIAM SMART.

Mr. H. B. LEES SMITH, M.P.

Sir H. LLEWELLYN SMITH, K.C.B.
Mr. SIDNEY WEBB.
Mr. HARTLEY WITHERS.

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Applications for Fellowship should be addressed to the SECRETARY, Royal Economic Society, 9, Adelphi Terrace, London, W.C. The Annual Subscription is a Guinea (26 francs). Any Fellow may compound for his future yearly payments by a Life Subscription of Ten Guineas (265 francs). There is at present no entrance fee.

Editorial Communications should be addressed to J. M. KEYNES, Esq., King's College, Cambridge.

INDEX TO THE ECONOMIC JOURNAL

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Bowley, A. L., The Census of Production

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367

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Ashley, Annie, Social Policy of Bismarck. By H. W. Macrosty

Babson and May, Commercial Paper for Merchants, By Benjamin White

Barbour, Sir David, The Standard of Value. By J. M. Keynes

Beard, C. A., Economic Interpretation of the Constitution of the United States.

By W. H. Pringle

Beer, M., Geschichte des Sozialismus in England. By M. Epstein
Böhm-Bawerk, E. von, Positive Theorie des Kapitales. By James Bonar
Brisco, N. A., Economics of Business. By L. R. Dicksee
Cadbury, E., Experiments in Industrial Organisation. By Prof. A. C. Pigou 116
Chapman, S. J., Political Economy. By P. H. Wicksteed
Chapman, S. J., Elementary Economics. By Harold Wright ...

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