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.

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.

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.

195607

INDEX TO THE ECONOMIC JOURNAL

VOLUME XXIII

ORIGINAL ARTICLES :

Ashley, Prof. W. J., Comparative Economic History and the English Land-
lord
Bowley, A. L., The Census of Production

...

...

...

...

Bowley, A. L., Relation between Wholesale and Retail Prices of Food
Carr-Saunders, A. M., The Feeding and Medical Treatment of School
Children
Chapman, Prof. S. J., The Utility of Income and Progressive Taxation
Chi Zang Waung, The Ancient Coins and Currency of China
Cohn, Prof. G., German Experiments in Fiscal Legislation
Cunnison, J., The Incidence of National Insurance Contributions

PAGE

165

62

514

355

36

524

537

367

Edgeworth, Prof. F. Y., Contributions to Theory of Railway Rates.
Glatzer, I., A Successful Social Reformer, Ernst Abbe ...

Lehfeldt, Prof. R. A., Finance of Railway Nationalisation in Great Britain
McIlraith, J. W., Price Variations in New Zealand

340

348

Pigou, Prof. A. C., The Interdependence of different sources of Demand and
Supply

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 ...

...

...

72

427