Chapter III: Part III: The Social Aspects of Value 357-563

DIVISION A--RELATION OF PRIVATE INCOME TO SOCIAL WELFARE

38 PRIVATE PROPERTY AND INHERITANCE: IMPERSONAL AND PERSONAL SHARES OF INCOME; THE ORIGIN OF PRIVATE PROPERTY; LIMITATIONS OF THE RIGHT OF PRIVATE PROPERTY 359

39 INCOME AND SOCIAL SERVICE: INCOME FROM PROPERTY; INCOME FROM PERSONAL SERVICES 370

40 WASTE AND LUXURY: WASTE OF WEALTH; LUXURY 381

41 REACTION OF CONSUMPTION ON PRODUCTION: REACTION UPON MATERIAL PRODUCTIVE AGENTS; REACTION UPON THE EFFICIENCY OF THE WORKERS; EFFECTS ON THE ABIDING WELFARE OF THE CONSUMER 392

42 DISTRIBUTION OF THE SOCIAL INCOME: THE NATURE OF PERSONAL DISTRIBUTION; METHODS OF PERSONAL DISTRIBUTION 402

43 SURVEY OF THE THEORY OF VALUE: REVIEW OF THE PLAN FOLLOWED; RELATION OF VALUE THEORIES TO SOCIAL REFORMS; INTERRELATION OF ECONOMIC AGENTS 412

DIVISION B--RELATION OF THE STATE TO INDUSTRY

44 FREE COMPETITION AND STATE ACTION: COMPETITION AND CUSTOM; ECONOMIC HARMONY THROUGH COMPETITION; SOCIAL LIMITING OF COMPETITION 422

45 USE, COINAGE, AND VALUE OF MONEY: THE PRECIOUS METALS AS MONEY; THE QUANTITY THEORY OF MONEY 431

46 TOKEN COINAGE AND GOVERNMENT PAPER MONEY: LIGHT-WEIGHT COINS; PAPER MONEY EXPERIMENTS; THEORIES OF POLITICAL MONEY 443

47 THE STANDARD OF DEFERRED PAYMENTS: FUNCTION OF THE STANDARD; INTERNATIONAL BIMETALLISM; THE FREE-SILVER MOVEMENT IN AMERICA 453

48 BANKING AND CREDIT: FUNCTIONS OF A BANK; TYPICAL BANK MONEY; BANKS OF THE UNITED STATES TO-DAY 462

49 TAXATION IN ITS RELATION TO VALUE: PURPOSES OF TAXATION; FORMS OF TAXATION; PRINCIPLES AND PRACTICE 471

50 THE GENERAL THEORY OF INTERNATIONAL TRADE: INTERNATIONAL TRADE AS A CASE OF EXCHANGE; THEORY OF FOREIGN EXCHANGES OF MONEY; REAL BENEFITS OF FOREIGN TRADE 480

51 THE PROTECTIVE TARIFF: THE NATURE AND CLAIMS OF PROTECTION; THE REASONABLE MEASURE OF JUSTIFICATION OF PROTECTION; VALUES AS AFFECTED BY PROTECTION 491

52 OTHER PROTECTIVE SOCIAL AND LABOR LEGISLATION: SOCIAL LEGISLATION; LABOR LEGISLATION 504

53 PUBLIC OWNERSHIP OF INDUSTRY: EXAMPLES OF PUBLIC OWNERSHIP; ECONOMIC ASPECTS OF PUBLIC OWNERSHIP 514

54 RAILROADS AND INDUSTRY: TRANSPORTATION AS A FORM OF PRODUCTION; THE RAILROAD AS A CARRIER; DISCRIMINATION IN RATES ON RAILROADS 525

55 THE PUBLIC NATURE OF RAILROADS: PUBLIC PRIVILEGES OF RAILROAD CORPORATIONS; POLITICAL AND ECONOMIC POWER OF RAILROAD MANAGERS; COMMISSIONS TO CONTROL RAILROADS 534

56 PUBLIC POLICY AS TO CONTROL OF INDUSTRY: STATE REGULATION OF CORPORATE INDUSTRY; DIFFICULTIES OF PUBLIC CONTROL OF INDUSTRY; TREND OF POLICY AS TO PUBLIC INDUSTRIAL ACTIVITY 544

57 FUTURE TREND OF VALUES: PAST AND PRESENT OF ECONOMIC SOCIETY; THE ECONOMIC FUTURE OF SOCIETY 555

QUESTIONS AND CRITICAL NOTES 565

INDEX 595