THE JOURNAL OF POLITICAL ECONOMY EDITED BY JACOB VINER AND F. H. KNIGHT, WITH THE CO-OPERATION OF THE UNIVERSITY OF CHICAGO The Journal of Political Economy is published bi-monthly, by the University of Chicago at the Uni- The following are authorized agents: For the British Empire, except North America, India, and Australasia: The Cambridge Univer- For Japan: The Maruzen Company, Limited, Tokyo. For China: The Commercial Press, Ltd., Paoshan Road, Shanghai. Yearly subscriptions, $4.00; Claims for missing numbers should be made within the month following the regular month of publica- Business Correspondence should be addressed to The University of Chicago Press, Chicago, Ill The articles in this Journal are indexed in the Reader's Guide to Periodical Literature, New York, Entered as second-class matter January 16, 1893, at the Post-office at Chicago, Illinois, under the Act of March 3, 1879. PRINTED 15 New in material, viewpoint, and organization" Managerial Accounting VOLUME I By J. O. MCKINSEY, C.P.A. Accounting presented from the managerial point of view is new. This is the first book so to approach the subject. Motivated by the idea that the business man needs a basic knowledge of accounting, it treats the subject not as an end in itself but as an important means in the solution of the business problems of administration, sales, purchasing, traffic, and production. Mr. McKinsey has worked out a book that is as valuable for the prospective manager as for the prospective accountant. 650 pages, $4.00, postpaid $4.15 DUMPING: A PROBLEM IN INTERNATIONAL TRADE By JACOB VINER Dumping is a practice of long standing in international trade and creates a problem comparable in importance to that of maintaining standards of competition in domestic trade. This volume is a calm, analytical study; free from exaggerated fears, but insistent that legitimate interests be properly protected. It is the first thorough discussion of dumping in its economic and legal aspects. By C. RUFUS ROREM, PH.D., C.P.A. Accounting as the science of measuring and interpreting business transactions. A tool for the administrative and social control of economic enterprises. The material in this book was tested for seven quarters before publication, in Professor Rorem's classes and in those of six other professors of the University of Chicago. Its divisions deal with (1) the rôle of accounting in modern life, (2) double-entry accounting, (3) accounting valuation, (4) interpretation of accounting. "A book from competent hands, both expert and practical." "Aimed at improving business methods at the source."-Commercial and Financial Chronicle. $4.50, postpaid $4.65 Packinghouse Accounting Prepared by the Committee on Accounting of the Institute of Revised and edited by HOWARD C. GREER The accounting principles and methods followed in a large and complex industry, the unique and ingenious devices which have been developed for obtaining and presenting managerial information, are now documented with something approaching completeness for the first time. The book's three sections discuss (1) general accounting problems peculiarly associated with the packing industry, (2) the industrial operations of packing, and (3) expenses and financial statements, viewed functionally. $4.00, postpaid $4.15 THE UNIVERSITY OF CHICAGO PRESS By LEON CARROLL MARSHALL This new edition, like the well-known original edition, deals with economics as a study of the structure and functioning of industrial society. The economic order is presented not as some separate and distinct entity but as a special aspect of the general cultural scheme. Used together, the three parts of the new edition constitute a comprehensive body of materials for the introductory course in economics. Part I may be used independently for courses in economic history, Part II may be used independently for courses in production economics, and Part III for courses in value and distribution. Part I. The Emergence of the Modern Order: The fundamental necessity for economic organization; comparative types of economic organization; the emergence of the existing order; change in the developing economic order. $2.50, postpaid $2.60 Part II. Production in the Modern Order: The natural background of production; cultural background; power and the machine; labor, enterprise, and management. $3.50, postpaid $3.65 Part III. The Co-ordination of Specialists: The determination of value and price; coordination through the market for consumers' goods, for funds, for labor, for enterprise and management. $4.00 Professor Marshall's one-volume Readings in Industrial Society is still a standard text for shorter courses. $4.50, postpaid $4.65 THE UNIVERSITY OF CHICAGO PRESS A Textbook on Law and Business By WILLIAM H. SPENCER Dean of the School of Commerce and Administration How far may one use another's trade mark on non-competing goods? To what extent is a mercantile agency answerable for false statements in the financial ratings which it sends out concerning traders? How far may a manufacturer by contract or other practices control the resale price of nationally advertised articles? What is the liability of the manufacturer for defects in his goods when they pass through the hands of middlemen to the ultimate consumer? Dean Spencer's TEXTBOOK ON LAW AND BUSINESS introduces the business student to such questions as these the law that the business student will encounter, and not the law that the lawyers talk about. The TEXTBOOK will be ready for inspection this summer. $6.00, postpaid $6.25 THE UNIVERSITY OF CHICAGO PRESS By REGINALD CHARLES MCGRANE ¶ A comprehensive study of one of the most disastrous financial crises this nation has ever known. It takes up the causes of the panic, its industrial and financial aspects as it ran its course from 1837 to 1844, and its industrial and political results. Sidelights are cast on that most interesting political development of the period-"locofocoism." ¶The discussion centers largely about the struggle over the United States Bank. This involves such famous men as Andrew Jackson, Martin Van Buren, and Nicholas Biddle, the financier, whose personal papers Mr. McGrane uses with such good effect as a part of his authentic source material. $2.00, postpaid $2.10 THE UNIVERSITY OF CHICAGO PRESS CHICAGO ILLINOIS For Fire Insurance Economy Farmers' Mutual Fire Insurance in the United States By VICTOR N. VALGREN ¶ Mr. Valgren has demonstrated convincingly that it is possible for farmers' mutual fire insurance companies in all parts of the country greatly to reduce their loss rate. He has had much practical experience in the fire insurance field, and writes interestingly about these widespread companies and their special problems. ¶This book offers constructive suggestions for a state law to govern organization and operation of farmers' mutuals, for a model system of records, and for organization and management plans. Mr. Valgren has virtually solved the problem of applying the best means for minimizing the burden of fire loss among farmers. $1.90, post paid $2.00 THE UNIVERSITY OF CHICAGO PRESS CHICAGO ILLINOIS |