WATKINS, MYRON W. "Commercial Banking and Capital Formation".. 578 WOLFE, A. B. Intensive Industrial Training under Government Auspices WOLFE, A. B., AND OLSON, HELEN. War-Time Industrial Employment 639 .I, 145, II, 362 WOLFE, F. E., AND DOUGLAS, P. H. Labor Administration in the Ship- WOOSTER, HARVEY ALDEN. University Schools of Business and a New ZON, RAPHAEL. Reconstruction and Natural Resources. 280 ANDREWS, IRENE OSGOOD, assisted by HOBBS, MARGARET A. Economic BECKER, CARL. The Eve of the Revolution: A Chronicle of the Breach CHARRIAUT, HENRI, AND HACAULT, RAUOL. La liquidation financière de CLEVELAND-STEVENS, EDWARD. British Railways: Their Development 722 611 HETHERINGTON, H. J. W., AND MUIRHEAD, J. H. Social Purpose.. HUNTINGTON, ELLSWORTH. World-Power and Evolution. IGNATIUS, MILTON B. Financing of Public Service Corporations.. KITSON, ARTHUR. A Fraudulent Standard. An Exposure of the Fraudulent Character of Our Monetary Standard with Suggestions LINK, HENRY C. Employment Psychology: The Application of Scientific Methods to the Selection, Training, and Grading of Employees.... 806 LUTZ, HARLEY LEIST. The State Tax Commission.... . . 137 PAGE MACELWEE, Roy S. Ports and Terminal Facilities... MACGIBBON, DUNCAN A. Railway Rates and the Canadian Railway Commission. MACKENZIE, J. S. Outlines of Social Philosophy... MARSHALL, L. C. Readings in Industrial Society: A Study in the Struc- ture and Functioning of Modern Economic Organization.... ODENCRANTZ, LOUISE C. Italian Women in Industry: A Study of Con- OGG AND BEARD. National Governments and the World-War.. OVERLACH, T. W. Foreign Financial Control in China... SCOTT, W. R. Economic Problems of Peace after War (Second Series).. 614 524 615 811 STOWELL, CHARLES JACOB. The Journeyman Tailors' Union of America, 897 "Demobilizing" Industry-Contracting Credit-The Fiscal Situation- Book Reviews and Notices HALE'S Valuation and Rate-Making (J. M. Clark), 71. THE UNIVERSITY OF CHICAGO PRESS THE CAMBRIDGE UNIVERSITY PRESS, LONDON AND EDINBURGH 71 The Journal of Political Economy is published monthly, except in August and September, by the University of Chicago at the University of Chicago Press, 5750 Ellis Avenue, Chicago, Illinois. ¶ The subscription price is $3.00 per year; the price of single copies is 35 cents. 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Communications for the editors and manuscripts should be addressed to the Editors of THE JOURNAL OF POLITICAL ECONOMY, The University of Chicago, Chicago, Ill. Entered as second-class matter, January 16, 1893, at the Post-office at Chicago, Illinois, under the Act of March 3, 1879. Acceptance for mailing at special rate of postage provided for in Section 1103, Act of October 3, 1917, authorized on July 15. 10° CARTELS DURING THE WAR "Trade combination" has become a shibboleth of our modern captains of industry. Never before in the history of trade and industry has there been a tendency toward co-operation of economic interests on anything approaching the scale of that which is taking place at the present time. The unprecedented and intensive economic mobilization in the leading commercial countries since the beginning of the war has given a quickened impetus to this joining of economic resources among nations as well as within more restricted national limits among producers, distributors, and consumers. While it is true that this movement toward syndication has crystallized to a large extent around temporary war measures, which will terminate at the end of the war, numerous other forms of economic co-operation and syndication of a monopolistic nature have grown up which must be recognized as permanent institutions. Unquestionably this whole modern movement, covering temporary as well as permanent tendencies of monopolistic control, will exercise a marked influence upon national and international commerce and trade in the future. Nationalization of industries, government control and regulation of trade, and voluntary and compulsory trade associations are subjects which the war has shifted from the realm of theory into that of actual experience on a scale that would have appeared |