A selection of 46 papers by Young (1876-1929) a central figure in the development of American economics, who contributed widely both to economic theory and to the professionalization of economics. Pivoting on two central concerns of his, the collection includes 36 chapters originally published anonymously in the Grolier Society's Book of Popular Science ; of special importance are the last six of the chapters, on money and banking, which comprise his longest sustained effort on the subject of his special expertise and previously unknown. Also here are his 1912 lectures on socialism; the 1922 exam questions on money, the 1926 Economics and War; The Social Dividend from 1908; and his articles for the 1928 Encyclopedia Britannica on economics, capital, and supply and demand. Annotation c. Book News, Inc., Portland, OR (booknews.com)
Editors preface xi Acknowledgements xxvii PART I The nature and scope of economics 1(62) Economics as a field of research 3(14) Quarterly Journal of Economics (1927) 42, 1 (November): 1--25 English political economy 17(12) Economica (1928) 8, No. 22 (March): 1--15 National statistics in war and peace 29(9) American Statistical Association (1918) 16, No. 121 (March): 873--85 Economics and war 38(11) American Economic Review (1926) 16, 1 (March): 1--13 Increasing returns and economic progress 49(14) Economic Journal (1928) 38, No. 152 (December): 527--42 PART II Theory and practice 63(84) The social dividend Outlines in Economics 2nd edn. (1908), New York: Macmillan. Appendix to chapter XXV, ``Profits: 448--56 65(9) Richard T. Ely Thomas S. Adams Max O. Lorenze Allyn A. Young. Socialism 74(12) Lecture notes, Washington University, St Louis, April 1912 Pigous wealth and welfare 86(11) Quarterly Journal of Economics (1913) 27, 4 (August): 672--86 Public borrowing for road building 97(13) Cornell Civil Engineer (1915) 23, Nos 6--7 (March/April): 301--15 The economics of farm relief 110(5) The Independent (1926) New York: 117, No. 3972 (July 17): 64--6 Economics 115(20) Encyclopaedia Britannica (1928) London: The Encyclopaedia Britannica Company. 925--32 Capital 135(8) Encyclopaedia Britannica (1928) London: The Encyclopaedia Britannica Company. 793--7 Supply and demand 143(4) Encyclopaedia Britannica (1928) London: The Encyclopaedia Britannica Company. 579--80 PART III Commerce: The marketplace of the world 147(114) The creator of wealth 149(4) The Book of Popular Science (1924; revised 1929) New York: The Grolier Society. Group IX Ch. 1: 110--6 The rise of population in great countries 153(2) (Grolier Ch. 2: 254--5) The three great powers 155(6) (Grolier Ch. 3: 397--403) Americas natural endowment 161(13) (Grolier Ch. 5: 677--89) Our wealth in minerals 174(3) (Grolier Ch. 6: 817--27) Our water and forest wealth 177(4) (Grolier Ch. 7: 951--60) Our wealth in cereals 181(8) (Grolier Ch. 8: 1101--12) The economic interdependence of nations 189(7) (Grolier Ch. 9: 1243--52) The reign of king cotton 196(4) (Grolier Ch. 11: 1529--36) Trade and the railroad 200(3) (Grolier Ch. 19: 2529--37) Wealth and well-being 203(5) (Grolier Ch. 20: 2665--74) The annual wealth product 208(9) (Grolier Ch. 21: 2793--800) Our foreign trade 217(3) (Grolier Ch. 23: 3117--25) The making of wealth 220(11) (Grolier Ch. 25: 3377--85) The sources of wealth 231(8) (Grolier Ch. 26: 3505--13) Labor and wealth 239(5) (Grolier Ch. 27: 3627--36) Combination and monopoly 244(8) (Grolier Ch. 29: 3971--80) The meaning of value 252(9) (Grolier Ch. 30: 4097--105) Part IV Money and credit 261(118) Exams in money and banking 263(2) Harvard University, 1922 The mystery of money 265(12) (Grolier Ch. 31: 4231--40) Monetary system of the U.S. 277(16) (Grolier Ch. 32: 4291--4303) Mobilizing banking credits 293(14) (Grolier Ch. 33: 4437--46) Dear and cheap money 307(15) (Grolier Ch. 34: 4705--15) Insurance and speculation 322(15) (Grolier Ch. 35: 4861--71) Money and prices 337(15) (Grolier Ch. 36: 5109--20) An analysis of bank statistics for the United States 352(10) An Analysis of Bank Statistics for the United States (1928) Cambridge: Harvard University Press. Extracts from Chs I and II, pp. 1--32 Branch banking in the United States 362(7) ``Introduction to Jean Steels, La Banque a Succursales dans le Systeme Bancaire des Etats-Units (1926) Ghent: A. Buyens, vii--xx Downward price trend probable, due to hoarding of gold by central banks 369(5) The Annalist (1929) New York. Vol. 33: 96--7. January 18 The French franc 374(5) ``Introduction to Eleanor Lansing Dulles, The French Franc, 1914--1928 (1929) New York: Macmillan. Pp. xi--xvi PART V Growth and fluctuations 379(47) Industrial fluctuations 381(10) ``Nicholas Kaldors Notes on Allyn Youngs LSE Lectures, 1927-29, Journal of Economic Studies (1990) 17, 3/4: 76--85 Particular expenses and supply curves 391(8) ``Nicholas Kaldors Notes on Allyn Youngs LSE Lectures, 1927--29 Journal of Economic Studies (1990) 17, 3/4: 41--8 Economic changes since the war 399(12) (Grolier Ch. 37: 5239--48) Big business: how the economic system grows and evolves like a living organism 411(10) (Grolier Ch. 38: 5387--94) Bibliography of Allyn Youngs writings 421(5) Index 426
Perry G Mehrling, Roger J Sandilands
