9. Explain the iron law of wages. What are the objections to the theory? 10. Explain the productivity theory of wages. Give the objections to the theory. II. What is the prevalent view held to-day of the laborer? Give a more reasonable and more just view. 12. What are the sources of the Catholic doctrine of wages? 13. What is a just wage according to the Encyclical of Leo XIII? 14. What is meant by personal wage? Family wage? 15. What constitutes a sufficient wage? 16. When is the obligation to pay a just wage suspended? 17. What is the cause of low wages? 18. State the objections to direct intervention of the state in fixing the amount of wages. 19. How could the state indirectly relieve the condition of the working class? 20. What is the power of public opinion in this matter? Aldrich-Vreeland law, 228. Alexander VII, Pope, 403. condemns loans, 403. Atkinson, What Makes the Rate of Wages, 442. Austrian School, 12. Bakunin, Catechism of Anarchism, 20. Balance of trade, argument for protec- prosperity estimated by, 238. of England, 186, 203. of Germany, 205. of Hamburg, 185. of Massachusetts, 187. of the United States, 185. Bank credit, 181. Allison, on the fall of Roman Empire, Bank notes, 173, 182. 150. Almshouses, 380. American Review of Reviews, 218, 220. Andrew, A. Piatt, in Annals of the Ameri- in Practical Problems in Banking and Andrews, Institutes of Economics, 34, 67. Annals of the American Academy of Antitrust laws, 319, 320. Antoine, Cours d'économie sociale, 2, 18, Apprentices in guild system, 437. Aquinas, St. Thomas, Summa, 401. Arkwright, water frame invented by, Bankers' Association Committee, Amer- emergency currency, 225. government guarantee of bank de- history of general, 184. history of, in United States, 185. national bank system, 193. Banks, commercial, 177. definition, 171. foreign, 184, 203. functions of, 177, 182, 183. independent treasury system, 197. use of, 409. Capitalism, era of, 69. Capitalist, as a party to distribution, 392. function of, 438. under Liberal School, 9. Casualty insurance in United States, Catholic doctrine of wages, 454. Catholic school, position of, 21, 385, 392, theories on price regulation, 64. Central bank, plans for, 208. Bradley, J. T., Practical Problems in Central Reserve City banks, 174, 195. Banking and Currency, 179. Branch banking, 215. Brandeis, L. D., Savings Insurance, 368. Bright, John, follows Liberal School, Certificate of Association, 173. Certificates, United States gold and Chartered free towns, 436. Cherbuliez, political economy defined Chevalier, 156. Child labor, restriction of, 27, 72, 446, wages affected by, 448. Christian Socialists, 19. Bullock, Introduction to the Study of Church, activity of, in political economy, Bullion, buying and selling, 179. Economics, 39, 47, 160. Bureau of Corporations, 322. Bureau of Immigration, 82. difficulties of, 433. productive, 432. Coöperative societies, 373, 375. Copyright fees, 328. Corner in stock market, 50. Corporations, advantages of, 309. charter of, 309. defined, 308. Cost of production, 57, 58, 417. Court of Commerce, 298. instruments of, 160, 124. Credit department of banks, 180. Credit money, 109. Crises, commercial, 146, 201. |