THE QUARTERLY JOURNAL OF ECONOMICS VOLUME XXXIII CAMBRIDGE, MASS., U.S.A. 1919 Reprinted with permission of the publishers by KRAUS REPRINT CORPORATION, NEW YORK 17, N.Y. COPYRIGHT, 1918-19, BY THe President and Fellows oF HARVARD College CONTENTS FOR VOLUME XXXIII WRITERS BERGLUND, ABRAHAM. The Iron-Ore Problem of Lorraine BERNHARDT, JOSHUA. Government Control of Sugar during the BOGART, E. L. Laughlin's Credit of the Nations. Review BROWN, H. G. An Eminent Economist Confused. Note. A Re-Rejoinder. Note. An Oversight in the Theory of Incidence. Note CARVER, T. N. The Behavioristic Man. Note 567 571 734 195 Four Labor Programs 344 A Rejoinder. Note 570 Walsh's The Climax of Civilization; Socialism; and Femin- 714 DAVIDSON, JULIUS. One of the Physical Foundations of Eco- DITTMER, C. G. An Estimate of the Standard of Living in China FARQUHAR, H. H. Positive Contributions of Scientific Manage- Appendix WRIGHT, P. G. Cost of Production and Price. Note. PIGOU, A. C. The Burden of War and Future Generations RIPLEY, W. Z. A Peculiar Eight Hour Problem. Note. RUGGLES, C. O. Railway Service and Regulation. TAUSSIG, F. W. Price-Fixing as Seen by a Price-Fixer VIRTUE, G. O. Another Reason Why War Prices Are High Prices. WEHLE, L. B. War Labor Policies and Their Outcome in Peace national Balances during the War 175 321 422 560 Adams' American Railway Accounting. Review. By W. J. Cun- 183 Note. By Brice Clagett 188 195 American Railroads under Government Control, Organization of. Behavioristic Man, The. Note. By T. N. Carver Economist Confused, An Eminent. Note. By H. G. Brown. Government Control of Sugar during the War. By Joshua Bern- hardt Indebtedness of Principal Belligerents. By L. R. Gottlieb International Trade and Prices. Note. By J. E. Norton. Iron-Ore Problem of Lorraine, The. By Abraham Berglund Labor Programs, Four. By T. N. Carver Laughlin's Credit of the Nations. Review. By E. L. Bogart. Normal Price as a Market Concept. By E. G. Nourse 560 717 567 555 422 672 Standard of Living in China, An Estimate of the. Dittmer 107 Taxation of Luxuries and the Rate of Interest, The. By A. F. 298 Theory of Incidence, An Oversight in the. Note. By H. G. Brown Wage Theory and Theories. By H. J. Davenport. Walsh's The Climax of Civilization; Socialism; and Feminism. War and Future Generations, The Burden of. By A. C. Pigou. War Labor Policies and Their Outcome in Peace. By L. B. Wehle Wheat and Flour Trade under Food Administration Control: 1917 1 SUMMARY I. Commercial situation and price trend during the crop year 1916- 17, 2. — II. Evident necessity for government control, 5. — III. Slow progress of legislation, 11.- IV. The Food Act, 14.-V. Voluntary agreement between millers and Food Administration, 18. — VI. The Wheat Price Committee, 23. - VII. Resentment of wheat growers, 25. — VIII. Efforts to stimulate milling, 25.-IX. Distribution of wheat stocks, 29.-X. Stabilizing the market, 32. —XI. Effort of growers to get an advanced price, 36.-XII. Decline in milling activ- ity early in 1917, 38. —XIII, XIV. Increase in output after price stabilization, 39.-XV. Control of percentage of flour and feed, 43. -XVI. "Cost plus " method of price regulation, 45. - XVIII. Eva- sions, 48. — XX. Complications with excess profits tax, 51.- XXII. THE act authorizing the President to establish agen- cies for the control of foods and fuels was approved August 10, 1917. Under its provisions the Food Ad- ministration was at once given legal standing and began to function as the directing and controlling authority in the food trades of the United States. Sufficient time has |