WITH APPLICATIONS TO PRACTICAL PROBLEMS BY
FRANK A. FETTER, PH.D. PROFESSOR OF POLITICAL ECONOMY AND FINANCE, CORNELL UNIVERSITY
CONTENTS PART I
PREFACE
THE PRINCIPLES OF ECONOMICS
PART I DIVISION A WANTS AND PRESENT GOODS
CHAPTER I THE NATURE AND PURPOSE OF POLITICAL ECONOMY I. NAME
CHAPTER 2 ECONOMIC MOTIVES I. MATERIAL WANTS, THE PRIMARY
CHAPTER 3 WEALTH AND WELFARE I. THE RELATION OF MEN AND
CHAPTER 4 THE NATURE OF DEMAND I. THE COMPARISON OF GOODS IN
CHAPTER 5 EXCHANGE IN A MARKET I. EXCHANGE OF GOODS RESULTING
CHAPTER 6 PSYCHIC INCOME I. INCOME AS A FLOW OF GOODS The recurrence of wants
DIVISION B WEALTH AND RENT
CHAPTER 7 WEALTH AND ITS INDIRECT USES I. THE GRADES OF
CHAPTER 8 THE RENTING CONTRACT I. NATURE AND DEFINITION OF RENT
CHAPTER 9 THE LAW OF DIMINISHING RETURNS I. DEFINITION OF THE
CHAPTER 10 THE THEORY OF RENT: THE MARKET VALUE OF THE USUFRUCT
CHAPTER 11 REPAIR, DEPRECIATION, AND DESTRUCTION OF WEALTH:
CHAPTER 12 INCREASE OF RENT-BEARERS AND OF RENTS I. EFFORTS OF
DIVISION C CAPITALIZATION AND TIME-VALUE
CHAPTER 13 MONEY AS A TOOL IN EXCHANGE I. ORIGIN OF THE USE OF
CHAPTER 14 THE MONEY ECONOMY AND THE CONCEPT OF CAPITAL I. THE
CHAPTER 15 THE CAPITALIZATION OF ALL FORMS OF RENT I. THE
CHAPTER 16 INTEREST ON MONEY LOANS I. VARIOUS FORMS OF CONTRACT
CHAPTER 17 THE THEORY OF TIME-VALUE I. DEFINITION AND SCOPE OF
CHAPTER 18 RELATIVELY FIXED AND RELATIVELY INCREASABLE FORMS OF
CHAPTER 19 SAVING AND PRODUCTION AS AFFECTED BY THE RATE OF
PART II THE VALUE OF HUMAN SERVICES
DIVISION A LABOR AND WAGES
CHAPTER 20 LABOR AND CLASSES OF LABORERS I. RELATION OF LABOR
CHAPTER 21 THE SUPPLY OF LABOR I. WHAT IS A DOCTRINE OF
CHAPTER 22 CONDITIONS FOR EFFICIENT LABOR I. OBJECTIVE PHYSICAL
CHAPTER 23 THE LAW OF WAGES I. NATURE OF WAGES AND THE WAGES
CHAPTER 24 THE RELATION OF LABOR TO VALUE I. RELATION OF RENT
CHAPTER 25 THE WAGE SYSTEM AND ITS RESULTS I. SYSTEMS OF LABOR
CHAPTER 26 MACHINERY AND LABOR I. EXTENT OF THE USE OF MACHINERY Tools, machines, and power
CHAPTER 27 TRADE-UNIONS I. THE OBJECTS OF TRADE-UNIONS Definition and purposes of trade-unions
DIVISION B ENTERPRISE AND PROFITS
CHAPTER 28 PRODUCTION AND THE COMBINATION OF THE FACTORS I. THE
CHAPTER 29 BUSINESS ORGANIZATION AND THE ENTERPRISER'S FUNCTION
CHAPTER 30 COST OF PRODUCTION 1. COST OF PRODUCTION FROM THE
CHAPTER 31 THE LAW OF PROFITS I. MEANING OF TERMS Broadest use of the term profit
CHAPTER 32 PROFIT-SHARING, PRODUCERS' AND CONSUMERS'
CHAPTER 33 MONOPOLY PROFITS I. NATURE OF MONOPOLY Difficulty of fixing the meaning of monopoly
CHAPTER 34 GROWTH OF TRUSTS AND COMBINATIONS IN THE UNITED
CHAPTER 35 EFFECT OF TRUSTS ON PRICES I. HOW TRUSTS MIGHT AFFECT PRICES Economics of the trust problem
CHAPTER 36 GAMBLING, SPECULATION, AND PROMOTERS' PROFITS I. GAMBLING VS. INSURANCE Unavoidable chances
CHAPTER 37 CRISES AND INDUSTRIAL DEPRESSIONS I. DEFINITION AND
PART III THE SOCIAL ASPECTS OF VALUE
DIVISION A RELATION OF PRIVATE INCOME TO SOCIAL WELFARE
CHAPTER 38 PRIVATE PROPERTY AND INHERITANCE I. IMPERSONAL AND
CHAPTER 39 INCOME AND SOCIAL SERVICE I. INCOME FROM PROPERTY The justice of property questioned
CHAPTER 40 WASTE AND LUXURY I. WASTE OF WEALTH Loss of wealth in an isolated or an exchanging economy
CHAPTER 41 REACTION OF CONSUMPTION ON PRODUCTION I. REACTION
CHAPTER 42 DISTRIBUTION OF THE SOCIAL INCOME I. THE NATURE OF
CHAPTER 43 SURVEY OF THE THEORY OF VALUE I. REVIEW OF THE PLAN
DIVISION B RELATION OF THE STATE TO INDUSTRY
CHAPTER 44 FREE COMPETITION AND STATE ACTION I. COMPETITION AND CUSTOM Definition of economic freedom
CHAPTER 45 USE, COINAGE, AND VALUE OF MONEY I. THE PRECIOUS METALS AS MONEY Money defined and reviewed
CHAPTER 46 TOKEN COINAGE AND GOVERNMENT PAPER MONEY I.
CHAPTER 47 THE STANDARD OF DEFERRED PAYMENTS I. FUNCTION OF THE STANDARD Definition of the standard
CHAPTER 48 BANKING AND CREDIT I. FUNCTIONS OF A BANK The essential banking function
CHAPTER 49 TAXATION IN ITS RELATION TO VALUE I. PURPOSES OF TAXATION Taxation defined
CHAPTER 50 THE GENERAL THEORY OF INTERNATIONAL TRADE I.
CHAPTER 51 THE PROTECTIVE TARIFF I. THE NATURE AND CLAIMS OF PROTECTION Nature of a tariff for revenue
CHAPTER 52 OTHER PROTECTIVE SOCIAL AND LABOR LEGISLATION I.
CHAPTER 53 PUBLIC OWNERSHIP OF INDUSTRY I. EXAMPLES OF PUBLIC OWNERSHIP The kinds of political units
CHAPTER 54 RAILROADS AND INDUSTRY I. TRANSPORTATION AS A FORM
CHAPTER 55 THE PUBLIC NATURE OF RAILROADS I. PUBLIC PRIVILEGES
CHAPTER 56 PUBLIC POLICY AS TO CONTROL OF INDUSTRY I. STATE
CHAPTER 57 FUTURE TREND OF VALUES I. PAST AND PRESENT OF
QUESTIONS AND CRITICAL NOTES
INDEX
