ABSTRACT

Allyn Young is one of the central figures in the development of American economic thought, and is one of the originators of modern endogenous growth theory. This book allows full appreciation of the full extent of Young's work because many of his most significant contributions are buried in obscure journals and unsigned articles. This volume addres

part |2 pages

Part I The nature and scope of economics

part |2 pages

Part II Theory and practice

chapter 7|12 pages

Socialism

chapter 8|11 pages

Pigou’s wealth and welfare

chapter 9|13 pages

Public borrowing for road building

chapter 10|5 pages

The economics of farm relief

chapter 11|20 pages

Economics

chapter 12|8 pages

Capital

chapter 13|4 pages

Supply and demand

part |2 pages

Part III Commerce: The marketplace of the world

chapter 14|4 pages

The creator of wealth

How the world goes to market
ByThe vast traffic between nations upon which the prosperity of the world depends

chapter 15|2 pages

The rise of population in great countries

chapter 16|6 pages

The three great powers

The foundations of industrial supremacy
ByThe tremendous share of the world’s commerce controlled by the United States, Great Britain and Germany

chapter 17|13 pages

America’s natural endowment

Wealth: collaboration of nature and
ByThe material environment in which the American people live and work

chapter 18|3 pages

Our wealth in minerals

Need of public regulation of consumption
BySupremacy of the United States and the rapid development of its sources of supply

chapter 19|4 pages

Our water and forest wealth

chapter 20|8 pages

Our wealth in cereals

How the laboratory may save
ByWhy the food cost of living is ever increasing; the outlook for the future

chapter 21|7 pages

The economic interdependence of nations

Minerals and military preparedness
ByThe ideal of national economic self- sufficiency and its limitations

chapter 22|4 pages

The reign of king cotton

The methods of the cotton market
ByAmerica’s great staple crop and its place in international trade

chapter 23|3 pages

Trade and the railroad

chapter 24|5 pages

Wealth and well-being

The value of American accumulations
ByThe true nature of wealth, and the end and aim of human effort in trade and industry

chapter 25|9 pages

The annual wealth product

An achievement of statistical science
ByThe income of the people and its distribution among them

chapter 26|3 pages

Our foreign trade

The changing character of our exports
ByPosition of goods made in the United States in the different markets of the world

chapter 27|11 pages

The making of wealth

The possibilities of expansion
ByHow industry and trade have always been checked by misdirected effort

chapter 28|8 pages

The sources of wealth

The problems of our savings
ByThe necessary parts played by land, capital, and labor in the production of wealth

chapter 29|5 pages

Labor and wealth

The machine and the man
ByHow the progressive economy of labor is the only means of increasing the supply of commodities

chapter 30|8 pages

Combination and monopoly

Sound and unsound control of prices
ByThe use and abuse of large-scale industry and its relation to national wealth

chapter 31|9 pages

The meaning of value

Paradoxes of value and price
ByThe remarkable and all-important interplay of supply and demand

part |2 pages

Part IV Money and credit

chapter 32|2 pages

Exams in money and banking

Economics 3—November 3, 1922—Hour Examination
ByMoney, Banking, and Commercial Crises

chapter 33|12 pages

The mystery of money

The enormous edifice of credit
ByHow modern methods of making payments economize the use of money. The role of checks and bank-notes

chapter 34|16 pages

Monetary system of the U.S.

The evolution of the gold standard
ByHow the various elements of its money circulation first came into being

chapter 35|14 pages

Mobilizing banking credits

Possibilities of the federal reserve
ByThe drastic reform of the banking system of the United States

chapter 36|15 pages

Dear and cheap money

How the foreign exchanges operate
ByThe Bank of England and the mechanism of the London Money Market

chapter 37|15 pages

Insurance and speculation

The good and evil speculation does
ByHow economic risks are diminished by combination and organization

chapter 38|15 pages

Money and prices

The business cycle an economic disease
ByHow unstable prices work havoc to industry and injustice to individuals

chapter 39|10 pages

An analysis of bank statistics for the United States

I: The nati~onal banks: 1867–1914

chapter 40|7 pages

Branch banking in the United States

chapter 42|5 pages

The French franc

part |2 pages

Part V Growth and fluctuations

chapter 43|10 pages

Industrial fluctuations

chapter 44|8 pages

Particular expenses and supply curves

Particular expenses and supply curves

chapter 45|12 pages

Economic changes since the war

chapter 47|5 pages

Bibliography of Allyn Young’s writings