the following: (1) A comprehensive monographic survey of the technological, financial, and exchange processes of the price system. (2) An adequate survey, based on the best and latest attainable psychological knowledge, of the motives and attitudes characteristic of individuals and groups under the price system. (3) A generally accepted, psychologically grounded, norm of welfare. (4) Evaluation of the various aspects of the present price system with reference to this final norm, or more directly, to the objective conditions which may be taken as indicative of the extent to which our economic organization is serving as a means to the final end of human living. APPENDIX I GUIDE TO THE HISTORY AND PREVIOUS WORK OF CONTRIBUTORS RAYMOND T. BYE was born at Germantown, Philadelphia, Pa., 30 January, 1892. He had his preparatory training at George School, Pa., and attended Swarthmore College, 1910-14, Harvard University, 1914-15, and the University of Pennsylvania 1915-18. Degrees: A.B. Swarthmore, 1914. A.M. Harvard, 1915. PH.D. Pennsylvania, 1918. Present title: Assistant Professor of Economics, University of Pennsylvania. Positions held: Instructor in Economics, University of Pennsylvania, 1916-20; Assistant Professor of Economics, University of Pennsylvania 1920 to date. Courses now taught: Problems of National Wealth and Income; Principles of Economics; Economic Theory; Recent Developments of Economic Theory; History of Economic Thought. Publications: 1. Books: Capital Punishment in the United States. The Committee on Philanthropic Labor of the Yearly Meeting of Friends (Philadelphia), 1918. 2. Articles: "Social Welfare in Rate Making," Pol. Sci. Quart., xxxii, 522-41, December 1917. JOHN MAURICE CLARK was born at Northampton, Mass., in 1884. His under-graduate work was done at Amherst College and his graduate work at Columbia University. Degrees: A.B. Amherst, 1905. A.M. Columbia, 1906. PH.D. Columbia, 1910. Present title: Professor of Political Economy, University of Chicago. Positions held: Instructor in Economics and Sociology, Colorado College, 1910-11; Associate Professor of Economics, Amherst College, 1911-15; Lecturer in Economics, Mt. Holyoke College, 1911-12; Associate Professor of Political Economy, University of Chicago, 1915-22; Professor of Political Economy, University of Chicago, 1922 to date. Courses now taught: History of Economic Thought; Value Theory; Present Tendencies in Economic Theory; Social Control of Business; Railroads; Economics of Overhead Costs. Publications: 1. Books: Standards of Reasonableness in Local Freight Discriminations, Columbia University Press, 1910. Joint author with J. B. Clark of the Second Edition of J. B. Clark's Joint author and editor with W. H. Hamilton and H. G. Moulton of "A Contribution to the Theory of Competitive Price," Quart. Jour. Econ., xxviii, 747-71. Aug., 1914. "Frontiers of Regulation and What Lies Beyond," Amer. Econ. Rev., Supp. iii, 114-125, Mar., 1913. "Complications of the Compensated Dollar," Amer. Econ. Rev., iii, 576-605, Sept., 1913. "The Concept of Value," Quart. Jour. Econ., xxix, 663–73, 709–23, Aug., 1915. "Davenport's Economics," Pol. Sci. Quart. xxix, 315-23, June, 1914. "Some Neglected Phases of Railroad Regulation," Amer. Econ. Rev., iv, 565-74, Sept., 1914. "Economic Aspects of the New Long and Short Haul Clause," Quart. Jour. Econ. xxviii, 322-37, Feb., 1914. "The Panama Canal and the Railroads," Commercial and Financial Chronicle, 47-50, Nov. 28, 1914. "The Changing Basis of Economic Responsibility," Jour. Pol. Econ. xxiv, 209-29, Mar., 1916. "Economics and Modern Psychology," Jour. Pol. Econ. xxvi, 1-30; 136-66, Jan. and Feb., 1918. "Business Acceleration and the Law of Demand," Jour. Pol. Econ. xxv, 217-35, Mar., 1917. "The Basis of War-time Collectivism," Amer. Econ. Rev. vii, 772-90, Dec., 1917. "Economic Theory in an Era of Social Readjustment," Amer. Econ. Rev., Supp. ix, 280-90, Mar., 1919. "The Plumb Plan," Amer. Econ. Rev., Supp., x, 202–206, Mar. 1920. "Railroad Valuation as a Working Tool," Jour. Pol. Econ., xxviii, 265-306, Apr., 1920. "Soundings in Non-Euclidean Economics," Amer. Econ. Rev., Supp. ii, 132-47, Mar., 1921. "The Empire of Machines," Yale Rev., (n. s.), xii, 132-143, Oct., 1922. "Are We Outgrowing Private Capital?" World Tomorrow, v, 362–3. Dec., 1922. "Some Social Aspects of Overhead Costs," Amer. Econ. Rev. Supp., xiii, 50-59, Mar., 1923. "Overhead Costs I: The Scope of the Problem," Jour. Pol. Econ., xxxi, 47-64, Feb., 1923. "Overhead Costs II: The Laws of Return and Economy," Jour. Pol. Econ., xxxi, 209-242. Apr., 1923. "Overhead Costs III: How and Why Large Plants Bring Economy," Jour. Pol. Econ., xxxi, 606-36. Oct., 1923. Also a Report to the Special Board of U. S. Engineers on "Canal Connecting Lake Erie with the Ohio River": report not printed in full, but short extracts embodied in the report of the Special Board: 67th Congress, 2nd. sess. House doc. No. 188. Washington, Gov't printing office, 1921. MORRIS ALBERT COPELAND was born at Rochester, N. Y. in 1895 and prepared for College at East High School of that city. His undergraduate work was done at Amherst college and his graduate work at the University of Chicago. Degrees: A.B. Amherst, 1917. PH.D. Chicago, 1921. Present title: Instructor in Economics, Cornell University. Courses now taught: Elementary Economics; Trusts and Modern Capitalism; Economic Institutions. Publications: 1. Books: Some Phases of Institutional Value Theory, University of Chicago Press, 1921. 2. Articles: "Seasonal Problems in Financial Administration," Jour. Pol. Econ., xxix, 793-826. December, 1920. PAUL H. DOUGLAS was born at Salem, Mass., in 1892. His undergraduate work was done at Bowdoin College and his graduate work at Columbia University, and at Harvard University. Degrees: A.B. Bowdoin, 1913. A.M. Columbia, 1915. PH.D. Columbia, 1920. Present title: Associate Professor of Industrial Relations, University of Chicago. Positions held: Instructor in Economics, University of Illinois, 1916-17; Instructor and Assistant Professor of Economics, Reed College, 191718; member of the Industrial Relations Division, Emergency Fleet Corporation, 1918-19; Associate Professor of Economics, University of Washington, 1919-20; Assistant Professor of Political Economy, University of Chicago, 1920-23; Associate Professor of Industrial Relations, University of Chicago, 1923 to date. Courses now taught: The Worker in Modern Economic Society; The Business Manager's Administration of Labor; Readings in Economic and Political Classics; Types of Economic Organization. Publications: 1. Books: American Apprenticeship and Industrial Education. Joint author (with Dorothy W. Douglas) of What Can a Man Afford? Joint author (with C. N. Hitchcock and W. E. Atkins) of The Worker 2. Articles. "Compulsion vs. Ideals" New Republic, vii, 229, July, 1916. "The War Risk Insurance Act," Jour. Pol. Econ., xxvi, 461-83, May, 1918. "The Socialist Vote in the Municipal Elections of 1917,” Nat. Municipal Rev., Mar., 1918. "Tax Reform in Maine," Bulletin of the National Tax Assn., vii, 137–9, Nov., 1917. "Methods of Computing Labor Turnover," Amer. Econ. Rev., ix, 402–6, x, 106-8, June, 1919 and Mar., 1920. "The Problem of Labor Turnover," Amer. Econ. Rev., viii, 306–16, June, 1918. "Labor Administration in the Ship Building Industry," Jour. Pol. Econ., xxvii, 145-87; 326-96, Mar. and May, 1919. "Plant Administration of Labor," Jour. Pol. Econ., xxvii, 544–60, July, |