The literature of economic opinion in America is almost as voluminous

as the printed word. It ranges from the ponderous treatises of

professed economists, wherein “economic laws” are printed in italics,

to the sophisticated novels of the self-elect, in which economic

opinion is a by-product of clever conversation. Not only can one find

economic opinion to his taste, but he can have it in any form he likes.

Perhaps the most human and reasonable application of the philosophy

of laissez-faire to the problems of industrial society is to be found

in the pages of W. G. Sumner. Of particular interest are the essays

contained in the volumes entitled “Earth Hunger,” “The Challenge of

Facts,” and “The Forgotten Man.” The most subtle and articulate account

of the economic order as an automatic, self-regulating mechanism

is J. B. Clark, “The Distribution of Wealth.” An able and readable

treatise, characterized alike by a modified classical approach and

by a recognition of the facts of modern industrial society, is F. W.

Taussig, “The Principles of Economics.” The “case for capitalism”

has never been set forth as an articulate whole. The theoretical

framework of the defence is to be found in any of the older treatises

upon economic theory. A formal _apologia_ is to be found in the last

chapter of almost every text upon economics under some such title

as “A Critique of the Existing Order,” “Wealth and Welfare,” or

“Economic Progress.” A defence of “what is,” whatever it may chance

to be, characterized alike by brilliancy and ignorance, is P. E.

More’s “Aristocracy and Justice.” Contemporary opinion favourable to

capitalism may be found, in any requisite quantity and detail, in

_The Wall Street Journal_, _The Commercial and Financial Chronicle_,

and the publications of the National Association of Manufacturers.

_The Congressional Record_, a veritable treasure house of economic

fallacy, presents fervent pleas both for an unqualified capitalism

and for capitalism with endless modifications. The literature of the

economics of “control” is beginning to be large. The essay by H. C.

Adams, “The Relation of the State to Industrial Activity,” elaborating

the thesis that the function of the state is to regulate “the plane of

competition,” has become a classic. The best account of the economic

opinion of organized labour is to be found in R. F. Hoxie, “Trade

Unionism in the United States.” Typical examples of excellent work done

by men who do not profess to be economists are W. Lippmann, “Drift and

Mastery,” the opinions (often dissenting) delivered by Mr. Justice

Holmes and Mr. Justice Brandeis, of the United States Supreme Court,

and the articles frequently contributed to periodicals by T. R. Powell

upon the constitutional aspects of economic questions. The appearance

of such studies as the brief for the shorter working day in the case

of _Bunting v. Oregon_, prepared by F. Frankfurter and J. Goldmark,

and of the “Report on the Steel Strike of 1919,” by the Commission

of Inquiry of the Interchurch World Movement indicates that we are

beginning to base our opinions and our policies upon “the facts.” Among

significant contributions are the articles appearing regularly in

such periodicals as _The New Republic_ and _The Nation_. At last the

newer economics of the schools is beginning to assume the form of an

articulate body of doctrine. The books of T. B. Veblen, particularly

“The Theory of Business Enterprise,” and “The Instinct of Workmanship,”

contain valuable pioneer studies. In “Personal Competition” and in the

chapters upon “Valuation” in “Social Process,” C. H. Cooley has shown

how economic institutions are to be treated. The newer economics,

however, begins with the publication in 1913 of W. C. Mitchell,

“Business Cycles.” This substitutes an economics of process for one of

statics and successfully merges theoretical and statistical inquiry. It

marks the beginning of a new era in the study of economics. The work

in general economic theory has followed the leads blazed by Veblen,

Cooley, and Mitchell. W. H. Hamilton, in “Current Economic Problems,”

elaborates a theory of the control of industrial development,

interspersed with readings from many authors. L. C. Marshal, in

“Readings in Industrial Society,” attempts, through selections drawn

from many sources, an appraisal of the institutions which together make

up the economic order. D. Friday, in “Profits, Wages, and Prices,”

shows how much meaning a few handfuls of figures contain and how much

violence they can do to established principles. The National Bureau

of Economic Research is soon to publish the results of a careful

and thorough statistical inquiry into the division of income in the

United States. Upon particular subjects such as trusts, tariffs,

railroads, labour unions, etc., the literature is far too large to be

catalogued here. There is no satisfactory history of economic opinion

in the United States. T. B. Veblen’s “The Place of Science in Modern

Civilization” contains a series of essays which constitute the most

convincing attack upon the classical system and which point the way to

an institutional economics. Many articles dealing with the development

of economic doctrines are to be found in the files of _The Quarterly

Journal of Economics_ and of _The Journal of Political Economy_.

An excellent statement of the present situation in economics is an

unpublished essay by W. C. Mitchell, “The Promise of Economic Science.”

W. H. H.

RADICALISM

For exposition of the leading radical theories the reader is urged to

go, not to second-hand authorities, but to their foremost advocates.

“Capital” by Karl Marx (Charles H. Kerr) is of course the chief basis

of Socialism. There is nothing better on Anarchism than the article in

the “Encyclopedia Britannica” by Prince Kropotkin. For revolutionary

industrial unionism it is important to know “Speeches and Editorials”

by Daniel de Leon (New York Labor News Co.). De Leon was one of

the founders of the I.W.W., and his ideas not only influenced the

separatist labour movements in the United States but the shop-steward

movement in England and the Soviets of Russia. “Guild Socialism” by

G. D. H. Cole is the best statement of this recent theory, while “The

State and Revolution” by Nikolai Lenin (George Allen and Unwin)

explains the principles and tactics of modern Communism. To these

should be added another classic, “Progress and Poverty” by Henry George

(Doubleday Page).

On the origins of the American government it is important to

read “Economic Origins of Jeffersonian Democracy” and “Economic

Interpretation of the Constitution” by Charles A. Beard (Macmillan).

The “History of Trade Unionism” by Sidney and Beatrice Webb (Longmans,

Green), is an invaluable account of the growth of the British labour

movement, which has many similarities to our own. “Industrial

Democracy” by the same authors, issued by the same publisher, is the

best statement of the theories of trade unionism. The “History of Labor

in the United States” by John R. Commons and associates (Macmillan), is

a scholarly work, while “Trade Unionism in the United States” by Robert

F. Hoxie (Appleton), is a more analytical treatment. “The I. W. W.” by

Paul F. Brissenden (Longmans, Green), is a full documentary history.

Significant recent tendencies are recorded in “The New Unionism in

the Clothing Industry” by Budish and Soule (Harcourt, Brace). The

last chapters of “The Great Steel Strike” by William Z. Foster (B. W.

Huebsch), expound his interesting interpretation of the trade unions.

For a statement of the functional attitude toward public problems one

should read “Authority, Liberty and Function” by Ramiro de Maeztu (Geo.

Allen and Unwin). For a brief and readable application of this attitude

to economics, “The Acquisitive Society” by R. H. Tawney (Harcourt,

Brace), is to be recommended.

“Modern Social Movements” by Savel Zimand (H. W. Wilson), is an

authoritative guidebook to present radical movements throughout the

world, and contains an excellent bibliography. And we must not forget

the voluminous Report of the New York State Legislative Committee on

Radicalism (the Lusk Committee), which not only collects a wealth of

current radical literature, but offers an entertaining and instructive

example of the current American attitude toward such matters.

G. S.

THE SMALL TOWN

Bibliography: “A Hoosier Holiday,” by Theodore Dreiser. “Winesburg,

Ohio,” by Sherwood Anderson. “Main Street,” by Sinclair Lewis.

L. R. R.

HISTORY

The late Henry Adams had much in common with Samuel Butler, that other

seeker after an education. He knew that he had written a very good

book (his studies on American history were quite as excellent in their

way as “Erewhon” was in a somewhat different genre) and he was equally

aware of the sad fact that his work was not being read. In view of

the general public indifference towards history it is surprising how

much excellent work has been done. Three names suggest themselves when

history in America is mentioned, Robinson, Beard, and Breasted. Their

works for the elementary schools have not been surpassed in any country

and their histories (covering the entire period from ancient Egypt down

to the present time) will undoubtedly help to overcome the old and

firmly established prejudice that “history is dull” and will help to

create a new generation which shall prefer a good biography or history

to the literature of our current periodicals.

The group of essays published last year by Professor Robinson--the

pioneer of our modern historical world--under the title of “The New

History” contains several papers of a pleasantly suggestive nature and

we especially recommend “History for the Common Man” for those who want

to investigate the subject in greater detail, and “The New Allies of

History” for those who want to get an idea of the struggle that goes on

between the New and the Old Movements in our contemporary historical

world.

But it is impossible to suggest a three- four- or five-foot bookshelf

for those who desire to understand the issues of the battle that is

taking place. The warfare between the forces of the official School

and University History and those who have a vision of something quite

different is merely a part of the great social and economic and

spiritual struggle that has been going on ever since the days of the

Encyclopedists. The scene is changing constantly. The leaders hardly

know what is happening. The soldiers who do the actual fighting are too

busy with the work at hand to waste time upon academic discussions of

the Higher Strategy. And the public will have to do what the public did

during the great war--study the reports from all sides (the relevant

and the irrelevant--the news from Helsingfors-by-way-of-Geneva and from

Copenhagen-by-way-of Constantinople) and use its own judgment as to the

probable outcome of the conflict.

H. W. V. L.

SEX

As might be supposed, there has been little writing on sex in this

country--such discussion, more or less superficial, of the social

aspects as may be found in books on the family, on marriage or

prostitution, some quasi-medical treatises and of late a few books

along the lines of Freudian psychology, that is all. Among all the

organizations of the country there is no society corresponding to

the British Society for the Study of Sex. I doubt if such a society

or its publications would be tolerated, since even novelists who,

like Dreiser, express an interest in sex comparatively directly, run

afoul of public opinion, and a book such as “Women in Love” by D. H.

Lawrence, its publisher felt called upon to print without his name.

It is not surprising, therefore, that in English the most adequate

discussions of sex have been made by an Englishman, Havelock

Ellis--“Studies in the Psychology of Sex.” Among less well known

writing on the subject by Ellis I would note in particular an

illuminating page or two in his essay on Casanova (“Affirmations”).

Discussion of the theories of distinguishing between mating and

parenthood and of crisis psychology may be found in articles by the

writer in the _International Journal of Ethics_, July, 1915, January,

1916, October, 1917, and in _The American Anthropologist_, March, 1916,

and _The Journal of Philosophy, Psychology and Scientific Methods_,

March, 1918.

“The Behaviour of Crowds” by E. D. Martin, and “French Ways and

Their Meaning” by Edith Wharton are recent books that the reader of

a comparative turn of mind will find of interest, and if he is not

already familiar with the writings of the Early Christian Fathers I

commend to him some browsing in the “Ante-Nicene Christian Library” and

the “Nicene and Post-Nicene Fathers.”

E. C. P.

THE FAMILY

For statistical facts which have a bearing on the tendencies of the

family in the United States, the following group of sources has been

consulted:

“Abstract of the Census, 1910;” the preliminary sheets of the “Census

of 1920;” Report on “Marriage and Divorce in 1916,” published by

the Bureau of the Census; Bulletin of the Woman’s Bureau, U. S.

Department of Labour on “What Became of Women Who Went Into War

Industries;” Bulletin of the U. S. Department of Agriculture on “The

Farm Woman;” Bulletin of the U. S. Children’s Bureau on “Standards

of Child Welfare.” Economic aspects of the family and income data

were acquired from “Conditions of Labour in American Industries,” by

Edgar Sydenstricker, and “The Wealth and Income of the People of the

United States,” by Willford I. King. For facts concerning longevity,

the aid of the Census was supplemented by “The Trend of Longevity in

the United States,” by C. H. Forsyth, in the _Journal of the American

Statistical Association_, Vol. 128. For the long biological perspective

to counteract the near-sighted view of the Census, “The New Stone Age

in Northern Europe,” by John M. Tyler may be commended. Psychological

aspects of family relationships are discussed in a scientific and

stimulating way in the published “Proceedings of the International

Women Physicians’ Conference, 1919.”

K. A.

RACIAL MINORITIES

No author or group of authors has yet attempted to treat in any

systematic and comprehensive way the position and the problem of the

several racial minorities in the United States. A perfect bibliography

of existing materials on the subject would be most helpful, but it

could not make good the existing shortage of fact, and of thoughtful

interpretation.

The anthropological phase of the subject is discussed with authority

by Franz Boas in “The Mind of Primitive Man” (Macmillan, 1913), and

by Robert H. Lowie in “Culture and Ethnology” (McMurtrie, 1917). Some

information on racial inter-marriage is to be found in Drachsler’s

“Democracy and Assimilation--The Blending of Immigrant Heritages in

America” (Macmillan, 1920). Among recent reports of psychological

tests of race-difference, the following are of special interest: “A

Study of Race Differences in New York City,” by Katherine Murdock,

(_School and Society_, vol. XI, no. 266, p. 147, 31 January, 1920);

“Racial Differences in Mental Fatigue,” by Thomas R. Garth (_Journal

of Applied Psychology_, vol. IV, nos. 2 and 3, p. 235, June-Sept.

1920); “A Comparative Study in the Intelligence of White and Colored

Children,” by R. A. Schwegler and Edith Winn (_Journal of Educational

Research_, vol. II, no. 5, p. 838, December, 1920); “The Intelligence

of Negro Recruits,” by M. R. Trabue (_Natural History_, vol. XIX, no.

6, p. 680, 1919); “The Intelligence of Negroes at Camp Lee, Virginia,”

by George Oscar Ferguson, Jr. (_School and Society_, vol. IX, no. 233,

p. 721, 14 June, 1919); and the Government’s official report of all the

psychological tests given in the cantonments (“Memoirs of the National

Academy of Science,” vol. XV, Washington, Government Printing Office,

1921).

The most important single source of information on the present status

of the coloured race in the United States is “The Negro Year Book,”

edited by Monroe N. Work (Negro Year Book Pub. Co., Tuskegee Institute,

Alabama); the edition for 1918–19 contains an extensive bibliography.

Brawley’s “Short History of the American Negro” (Macmillan, rev. ed.,

1919) presents in text-book form a general narrative, together with

supplementary chapters on such topics as religion and education among

the Negroes. The Government report on “Negro Population, 1790–1915”

(Washington, Bureau of the Census, Government Printing Office, 1918),

is invaluable. Important recent developments are treated in “Negro

Migration in 1916–17” and “The Negro at Work During the World War and

During Reconstruction” (Washington, Dep’t of Labour, 1919 and 1920

respectively). Some notion of the various manifestations of prejudice

against the Negro may be gathered from the following sources: “Negro

Education” (_U. S. Bureau of Education Bulletin_, 1916, nos. 38 and

39); “The White and the Colored Schools of Virginia as Measured by the

Ayres Index,” by George Oscar Ferguson, Jr. (_School and Society_, vol.

XII, no. 297, p. 170, 4 Sept., 1920); “Thirty Years of Lynching in the

United States, 1889–1918,” and “Disfranchisement of Colored Americans

in the Presidential Election of 1920” (New York, National Association

for the Advancement of Coloured People, 1919 and 1921 respectively).

A few representative expressions from the Negroes themselves are: “Up

from Slavery, an Autobiography,” by Booker T. Washington (Doubleday,

1901); “Darkwater,” by W. E. Burghardt Du Bois (Harcourt, 1920); _The

Messenger_ (a Negro Socialist-syndicalist magazine, 2305 Seventh

Avenue, New York); and the “Universal Negro Catechism” (Universal Negro

Improvement Association, 56 West 135th Street, New York).

A great body of valuable information on the Indians is collected in two

publications of the Government, the second of which contains a very

extensive bibliography; “Indian Population in the United States and

Alaska, 1910” (Washington, Bureau of the Census, Government Printing

Office, 1915), and the “Handbook of American Indians North of Mexico,”

edited by Frederick Webb Hodge (Washington, Bureau of Ethnology,

Government Printing Office, 1907–10, 2 vols.). An annual report

containing current data on the status of the Indian is published by

the Commissioner of Indian Affairs. Francis Ellington Leupp, who held

this title from 1905 to 1909, was the author of a volume which presents

in popular form the results of official experience (“The Indian and His

Problem,” Scribner, 1910).

The “American Jewish Year Book” (Philadelphia, Jewish Publication

Society of America) is an extremely useful volume, and particularly

so because one must refer to it for statistical information which in

the case of the other racial minorities is available in the reports

of the national census. In the _American Magazine_ for April, 1921,

Harry Schneiderman, the editor of the “Year Book,” assembles a great

many facts bearing upon the relation of the Jews to the economic,

social, political, and intellectual life of the country (“The Jews of

the United States,” p. 24). Of special interest to students of the

Semitic problem is Berkson’s “Theories of Americanization; a Critical

Study with Special Reference to the Jewish Group” (Teachers’ College,

Columbia University, 1920).

The standard works on the Oriental question are Coolidge’s “Chinese

Immigration” (Holt, 1909), and Millis’s “Japanese Problem in the United

States” (Macmillan, 1915). The Japanese problem in California is

treated statistically in a booklet prepared recently by the State Board

of Control (“California and the Oriental,” Sacramento, State Printing

Office, 1920), and in a symposium which appeared in _The Pacific

Review_ for December, 1920 (Seattle, University of Washington).

G. T. R.

ADVERTISING

Expect from me no recommendation of the “scientific” treatises on

advertising or of the professional psychological analyses of the

instincts. Books, books in tons, have been written about advertising,

and as far as I am concerned, every single one of them is right. Read

these, if you have the hardihood, and remain mute. Read them, I should

say, and be eternally damned. Read them and retire rapidly to a small

room comfortably padded and securely locked.

J. T. S.

BUSINESS

Within the limits of this space anything like an adequate reference

to the source books of fact and thought is impossible. All that

may be attempted is to suggest an arbitrary way through the whole

of the subject--a thoroughfare from which the reader may take off

where he will as his own interests develop. For the foundations of an

economic understanding one needs only to read “Principles of Political

Economy,” by Simon Newcomb, the American astronomer, who in a mood

of intellectual irritation inclined his mind to this mundane matter

and produced the finest book of its kind in the world. For the rough

physiognomy of American economic phenomena there is “A Century of

Population Growth,” Bureau of the Census, 1909, a splendid document

prepared under the direction of S. N. D. North. Katharine Coman’s

“Industrial History of the United States” is an important work in

itself and contains, besides, an excellent and full bibliography.

“Crises and Depressions” and “Corporations and the State,” by Theodore

E. Burton; “Forty Years of American Finance,” by Alexander D. Noyes;

“Railroad Transportation, Its History and Its Laws,” by A. T. Hadley;

“Trusts, Pools and Corporations,” by Wm. Z. Ripley; and “The Book of

Wheat,” by Peter Tracy Dondlinger, are books in which the separate

phases indicated by title are essentially treated. For dissertation,

interpretation, and universal thought every student will find himself

deeply indebted to “Trade Morals, Their Origin, Growth and Province,”

by Edward D. Page; “The Economic Interpretation of History,” by James

E. Thorold Rogers; “History of the New World Called America,” by E. J.

Payne; “Economic Studies,” by Walter Bagehot; “Essays in Finance,”

by R. Giffen; “Recent Economic Changes,” by David A. Wells, and “The

Challenge of Facts and Other Essays,” by William Graham Sumner.

G. G.

ENGINEERING

Literature covering the function of the engineer in society, especially

in America, is very limited compared with books of information on

most subjects. Engineering activities such as are usually described

cover the technical achievements of the profession. Useful material,

however, will be found scattered throughout the technical literature

and engineering society proceedings especially among the addresses

and articles of leading engineers prepared for special occasions. A

comprehensive history of engineering has never been written, although

there are many treatises dealing with particular developments in this

field. Among these may be mentioned Bright’s “Engineering Science,

1837–1897”; Matschoss’s “Beiträge zur Geschichte der Technik und

Industrie” (“Jahrbuch des Vereines deutscher Ingenieure”); and Smiles’s

“Lives of the Engineers.” On engineering education, the “Proceedings of

the Society for the Promotion of Engineering Education” and Bulletin

No. 11 of the Carnegie Foundation for the Advancement of Teaching,

“A Study of Engineering Education,” by Charles R. Mann, offer useful

information. Concerning the status of the engineer in the economic

order, Taussig’s “Inventors and Money Makers,” Veblen’s “The Engineers

and the Price System,” together with Frank Watts’s “An Introduction to

the Psychological Factors of Industry,” will be found of value. On the

relation between labour and the engineer, much can be found in _The

Annals of the American Academy of Political and Social Science_ for

September, 1920, on “Labor, Management and Production.”

O. S. B., JR.

NERVES

Complete works of Cotton Mather; also of Jonathan Edwards. Complete

works of Dr. George M. Beard, notably his “American Nervousness,”

Putnam, 1881. Medical publications of Dr. S. Weir Mitchell. Dr. George

M. Parker: “The Discard Heap--Neurasthenia,” _N. Y. Medical Journal_,

October 22, 1910. Dr. William Browning: “Is there such a thing as

Neurasthenia?” _N. Y. State Medical Journal_, January, 1911. Dr. Morton

Prince: “The Unconscious,” Macmillan, 1914. Professor Edwin B. Holt:

“The Freudian Wish.” Dr. Edward J. Kempf: “The Autonomic Function and

the Personality.” Complete works of Professor Freud, in translation and

in the original.

Files of _Journal of Abnormal Psychology_, to date. Files of

_Psychoanalytic Review_, to date. Files of _Imago_, to date. Files

of _Internationale Zeitschrift fuer Aerztliche Psychoanalyse_, to

date. Dr. A. A. Brill, “Psychoanalysis,” third edition. “Character

and Opinion in the United States,” by George Santayana. “Studies in

American Intolerance,” by Alfred B. Kuttner, _The Dial_, March 14 and

28, 1918.

A. B. K.

MEDICINE

No attempt is here made to give any exhaustive, or even suggestive,

bibliography. Only specific references in the text itself are here

given in full, so that the reader may find them for himself, if he so

desires. But on the general subject of “Professionalism,” although it

deals more with the profession of law than of medicine, some valuable

and stimulating observations can be found in the chapter of that name

in “Our Social Heritage,” by Graham Wallas (Yale University Press,

1921).

Bezzola: Quoted from “Preventive Medicine and Hygiene,” Rosenau, 1920,

p. 340.

Clouston: “The Hygiene of the Mind,” 1909.

Cole: “The University Department of Medicine,” Science, N. S., vol. LI,

No. 1318, p. 329.

Elderton and Pearson: “A First Study of the Influence of Parental

Alcoholism on the Physique and Ability of the Offspring,” Francis

Galton Eugenics Laboratory _Memoirs_, 1910, No. 10.

Pearl: “The Effect of Parental Alcoholism upon the Progeny in the

Domestic Fowl,” _Proc. Nat. Acad. Sci._, 1916, vol. II, p. 380.

Peterson: “Credulity and Cures,” _Jour. Amer. Med. Assn._, 1919, vol.

LXXIII, p. 1737.

Rosenau: “Preventive Medicine and Hygiene,” 1920.

Stockard: _Interstate Medical Jour._, 1916, vol. XXIII, No. 6.

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