Currency, asset or credit, 226. emergency, 225. inelastic, 198. Customhouse fees, 328. Customs duties, 242, 330, 331. Customs Tariff, Senate Document, 242. De Laveleye, E., Elements of Political De Mun, Count, 18, 21. Dean, W. B., Practical Problems in Debt, floating, 346. funded, 347. Deductive method of political economy, Deferred payments, money as standard Phi- Denzinger, Enchiridion, 401, 402, 403, 406, 407. Department of Commerce and Labor, Division of labor, 89. Double profit argument for protection, Dryden, J. F., Life Insurance and Other Dummy directors, 310. Duties, customs, ad valorem, 242 to discourage imports, 8. Earnings, extra, 441. Ely, R. T., Outlines of Economics, 12, 42, Problems of To-day, 256, 265. Embargo Act, 249. of Employer, as a party to distribution, 392. Employers' liability act, 72. extension of, 461. Employers' liability insurance, 359, 364. Encyclopedia Americana, 289, 320. Endowment insurance, 359. Engel, explanation of poverty, 378. Equal sharing, 387. Ethics, relation to political economy, 4. Examination fees, 328. Exchange, advantages of, 100. advantages derived from middlemen, I02. bills of, 160, 238. Exchange, buying and selling, 179. explanation of, 100. mechanism of, 101. transportation as a factor, 104. Exchangeability of objects, 35. Export duties, 242, 331, 336. Export trade, defined, 233. under mercantile system, 8. Exportation, advantages of, 234. 17, 18. Exports and imports, correlation be- German tariff, 246. Fetter, Principles of Economics, 283, 370. Fidelity and surety insurance, 358. Fines as sources of revenue, 327. Fire and marine insurance companies, Fire insurance, described, 358, 361. in seventeenth century, 350. Fluctuation of market prices, 47. Foreign bills of exchange, 163. Foreign commerce, 233, 235- Foreign exchange, 162. Physiocrats' theory of, II. Governing committee, 48. Government, Catholic view of, 25. Government bonds, 347, 377. Government guarantee of bank deposits, 216. Government revenue, sources of, 325. Grants, to railroads, 283. Greenbacks, history of, 110, 114. Forgan, J. B., Practical Problems in Gresham's law, effect of, in 1793, 135. Banking and Currency, 201. Fowler bill, 227. limitation of, 133. operation of, 131, 132. statement of, 131. Franchise, corporation, 309, 311. Gross product, 68. France, Bank of, 204. Gross profits, defined, 416. Guarantee fund, in joint-stock com- Guarantee of bank deposits, government, Guilds and crafts, 437. Immaterial goods as wealth, 36. Imperial Bank of Germany, 185, 187, Import duties, 242, 331, 336. Guyot, Yves, definition of political econ- Imports and exports, correlation be- Hazeltine, M. W., The Banking and Cur- Health insurance, 358. "Heavy" money, 118. Hepburn, A. B., Contest for Sound in Bolles, Practical Banking, 184. in Practical Problems in Banking and Hierarchy of labor, 81. Historical political economy, 32. of insurance, 349. of interest, 401. Insurance Yearbook, 350, 351, 352, 360, | Johnson, J. F., in Annals of the American objections to, 408. rate of, 411. socialist theory of, 410. Internal revenue taxes, 331, 335. domestic commerce, 235. foreign payments, 237. imports and exports, 241. protectionist policy of United States, tariff, 242. Interstate commerce, control of, 72, 296, 322. Interstate Commerce Commission, his- Academy of Political and Social Joint-stock companies, described, 308, Kay, shuttle invented by, 437. Kinley, Professor D., Objections to Bank- Labor, a cause of value, 40. a factor of production, 67. capacity for, 441. Catholic view of, 26. child, 27, 72, 446, 448, 461. demand for, 447. division of, 80. effect of protection on, 254, 270. Liberal School view of, 9, II. of women and children, 26, 27, 446, 448, prohibition of, on Sunday, 27. relation of machinery to, 92. required by capital, 95. requisites, 77. skilled, 445. socialist theory of, 16. supply of, 446. unskilled, 445. Ireton, R. E., Currency Reform: A Cen- Labor coupons, 16. tral Bank, 211. Iron law of wages, 24, 451. objections to, 453. Irredeemable paper money, 110. Jevons, Stanley, definition of money, 107. Labor laws, 438. Labor time, 391. Labor unions, effect on supply of labor, Laborer, as a party to distribution, 392. Laissez faire doctrine, 10, 12, 25, 30, 225. under Liberal School, 9. Landlord, as a party to distribution, 392. Laughlin, Political Economy, 74, 393. Legal monopoly, 62. Legal price, 45. Legal rate of interest, 411. Legal ratio, 135. Legal regulation of price, 63. Legal tender notes, 114. Lehmkuhl, Theologia Moralis I, 403, 407. The United States in the Twentieth Traité d'économie politique, 6. Level annual premium, 359. unlimited, 308. Liberal School, branches of, 10. Loans, investment in, 375. under Liberal School, 9. Local discrimination of railroads, 292. Machine work, influence on labor, 22. in cost of production, 68. Mail service, government ownership of, Malthus, T. R., An Essay on the Principle Manager, profits received by, 414. trading on, 49. deny existence of social question, 383. Marginal theory of value, 12, 42. law of supply and demand, 53. on laws of production, 71. rejection of, 23. tenets of, 8. theories of price of, 46. Liberatore, Political Economy, 25. License fees, 328. Life insurance, defined, 358. development of, 350. kinds of, 359. statistics, 351. Life policy, 359. "Light" money, 118. Limitation of quantity, a source of value, Loans, call, 180. in bottomry, 349. Marginal utility, law of diminution of, Loan and trust companies, 171, 176, 182. Maximum rate of interest, 411. Maximum rate of tariff, 247, 252. May, R. E., on per capita wealth, 389. |