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7D. ECONOMIC THEORY

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07166. REYNOLDS' "TOWARD A SHORT-RUN THEORY OF WAGES." Review and critique of this 1948 article, which provides a cogent explanation of why the modern American labor market does not follow conventional theory of supply and demand: wage rates are not the primary consideration in the worker's decision to accept employment, nor are labor costs a fixed proportion of the firm's unit cost of production. Critique is favorable, pointing out that Reynolds' ideas may help explain modern stagflation. 6p. 7f. 1b.   $42
 
07157. JOHN MAYNARD KEYNES: THE TEACHER OF A NEW PARADIGM IN ECONOMIC SCIENCE. A review of Keynes' life and work, concentrating on the way his theories of unemployment revolutionized economics: the development of Keynes' thought, the doctrines of the General Theory, and it impact on economics and politics; also his ideas in international economics. 13 pages, 24 footnotes, 5 bibliographic sources.   $91
 
07149. AGRICULTURAL POLICIES AND PERFORMANCE: THE SOVIET UNION AND HUNGARY. Sharp overview of Soviet bloc agriculture, blaming problems largely on the deadly legacy of collectivization and command management. Includes collective farm regulations under Stalin, Khrushchev's initiatives, Brezhnev's programs, recent performance, private plots; comparison to Hungary, where free market innovations have stimulated production efficiently. 15p. 40f. 9b.   $105
 
07033. THORSTEIN VEBLEN'S "THEORY OF THE LEISURE CLASS." Summary and review of the economic classic, the original put down of crass consumerism. How Veblen established that the competition for status has long been just as important as the struggle for survival. How and why Veblen remains a unique source for understanding modern consumer culture. 5 pages, 9 footnotes, 2 bibliographic sources.   $35
 
07032. MERCANTILISM IN COLONIAL AMERICA. Overview of British mercantilist economic philosophies and regulations (to protect British trade). How these antagonized colonial Americans and contributed to the outbreak of the American Revolution. 4 pages, 5 footnotes, 1 bibliographic source.   $28
 
07031. "THE WORLDLY PHILOSOPHERS" BY ROBERT L. HEILBRONER. Sympathetic book review of this economic classic: Smith, Malthus, the Utopians, Marx, Marshall, Veblen, Keynes and how Heilbroner ties them all together. 5 pages, 0 footnotes, 1 bibliographic source.   $35
 
07028. "FREE TO CHOOSE" BY MILTON FRIEDMAN (BOOK REVIEW). This paper presents a critical review and analysis of the first chapter of Friedman’s book. Provides hard criticism of the assumption that economic exchange is usually voluntary and mutually beneficial. Keywords: economic theory book review. Written 1982. 6 pages; 0 footnotes; 1 bibliographic source.   $42
 
07027. CLASSICAL ECONOMICS AND THE PROBLEM OF VALUE. Good review of the development of the labor and utility theories of value from 1775-1875. Smith, Ricardo and Marx as proponents of labor theory of value; development of utility theory from Say and Bentham through Longfield. Thunen, Gossen, Jevons, Menger, Walras and Marshall, to become the focus of orthodox economics. 15 pages, 31 footnotes, 3 bibliographic sources.   $105
 
07023. THE CLASSICAL ECONOMISTS AND THEIR WORK. The major theories and contributions of Adam Smith, Thomas Malthus, David Ricardo, and John Stuart Mill, and how their work foreshadowed today's understanding of economic science. 5p. 9f. 1b.   $35
 
06787. "THE WORLDLY PHILOSOPHERS" BY ROBERT HEILBRONER (A REVIEW). A review of the history of economics, looking at the theories of Smith, Marx, Keynes and others. 7 pages, 13 footnotes, 1 bibliographic source.   $49
 
06781. THE MORAL PROBLEM OF INTEREST. The history of the moral problem posed by the collection of interest is reviewed across the history of Western civilization; the Jewish tradition and the Christian tradition which developed out of it are given extensive treatment. 25p. 27f. 8b.   $133
 
06773. MARX ON THE GEOGRAPHICAL EXPANSION OF CAPITALISM. Marx's theory of the tendency of capitalist societies to expand their boundaries is examined; the drive for larger markets is seen as fostering colonialism is noted, and Marx's predictions are criticized. 5p. 15f. 1b.   $35
 
06772. MARX AND THE DECLINING RATE OF PROFIT. Marx's theory of a declining rate of profit in capitalist society, and the resultant cycles of expansion and recession, are criticized in this paper. 5p. 14f. 2b.   $35
 
06771. MARX'S PREDICTIONS FOR CAPITALISM. Robert Heilbroner' s analysis of Marx's predictions of class conflict and the collapse of capitalism are looked at in this report; the labor theory of value and surplus value theory are examined. 5p. 8f. 1b.   $35
 
06770. RECURRING CRISES UNDER CAPITALLSM. Marx' basic theories of falling rate of profit and underconsumption as the origin of crises in capitalist economies are examined in light of modern criticisms. 5p.14f 4b   $35
 
06765. THE SIMPLY ANALYTICS OF WELFARE MAXIMIZATION BY -FRANCIS BATOR. The classic paper on welfare economics is reviewed; includes a summary of Bator's theories, an assessment of his influence in economics, and an analysis of the article's weaknesses. 10p. 10f. 2b.   $70
 
06759. A CRITIQUE OF THE POLITICAL ECONOMY OF WILLIAM THOMPSON. The economic doctrines of the Owenite socialist, William Thompson, are briefly examined in this paper. Thompson's blending of an ethical imperative with sound economic calculations is criticised as being inconsistent. 4p. 2f. 3b.   $28
 
06755. KEYNESIAN THEORY. A current critique of the Keynesian economic theory, looking at the thought of Hazlitt, Friedman, and the Supply-Side economists in terms of the English economic thinker. 10p. 4f. 6b.   $70
 
06744. SUPPLY SIDE THEORY. This essay argues that the supply side theory of the Reagan administration has done more harm than good, hurting those who need government services and failing to stimulate demand. 5p. 0f. 0b.   $35
 
06726. THE PROPER ROLE OF TAXATION. Taxation as a means of supporting social programs is discussed in this essay; taxation for defense is seen as proportional to the property rights being defended. 7p. 2f. 2h.   $49
 
06655. AGRICULTURAL DEVELOPMENT AND THE INDUSTRIAL REVOLUTION IN ENGLAND. This paper examines the causes and effects of agricultural development in pre-industrial England. Concludes that agricultural development allowed the industrial revolution to begin in England. 8 pages, 11 footnotes, 2 bibliographic sources.   $56
 
06639. INNER CITY SCHOOLS: WOULD FRIEDMAN'S SOLUTION HELP? This paper both summarizes and critiques the Friedman's solution to the problems facing public education as presented in their latest work, Freedom to Choose. The paper concludes that the Friedman's misdiagnose the problem and develop a solution that is at best unworkable. 7p. 7f. 3b.   $49
 
06635. "THE HIDDEN INJURIES OF CLASS" BY RICHARD SENNET AND JONATHAN COBB. A review of a sociological study of class attitudes among workers and their families, based on interviews and impressions rather than comparative analysis. 8 pages, 10 footnotes, 1 bibliographic source.   $56
 
06624. LABOR MOBILITY AND IMMOBILITY. The major determinants of labor mobility and immobility are analyzed in the economics study; the importance of the pull of attractive employment is emphasized over unemployment. 7p. 23f. 6b.   $49
 
06619. MONOPOLY POWER AND ECONOMIC PERFORMANCE. Edited by Edwin Mansfield, Fourth Edition, New York, W.W. Norton, 1978. This paper summarizes several key arguments against big business; price effects, innovation, efficiency, bargaining power, and accountability are discussed. 5p. 0f. 0b.   $35
 
06378. FREEDOM TO CHOOSE IN EDUCATION. This paper examines the arguments against government intervention in the education system presented by Rose and Milton Friedman's, Freedom to Choose. The paper first lays out the Friedman's arguements and then offers a critique. 8p. 1f. 1b.   $56
 
06373. ECONOMIC EFFECTS OF COLLECTIVE BARGAINING IN EDUCATION. This paper seeks to examine the hypothesis that wage rates in education where the practice of collective bargaining is established are primarily determined by that practice. Based on an econmic analysis (as opposed to a political one) the paper concludes, with certain qualifications, that the original hypothesis is not true. 15p. 24f. 21b.   $105
 
06359. UNEMPLOYMENT AND THE MINIMUM WAGE. The impact of minimum wage laws on unemployment is examined in this study; the controversy over minimum wage laws is reviewed back to the turn of the century, and President Reagan's prospects for lowering the minimum wage are analyzed. KEYWORDS: minimum wage controversy 1980s reagan administration unemployment labor policy. 10 pages, 17 footnotes, 7 blbiographic sources.   $70
 
06358. FREE TO CHOOSE BY MILTON AND ROSE FRIEDMAN. A critical review of this defense of the free market system, with a chapter by chapter review of the author's views on inflation, governmental controls, and the economic history of America. 9p. 0f. 1b.   $63
 
06348. THE CORN LAWS OF BRITAIN. The British Tarriff law since 1830, and the larger historical background of the Corn Laws and the movement for protection in the 1800's in Great Britain, are all looked at closely in this report. 9p. 30f. 4b.   $63
 
06210. THE IMPORTANCE OF INTERNATIONAL TRADE. A strong analysis of the theory and practice of international trade. Excellent summary of comparative advantage theory, good original discussion of barriers to trade and American tariff laws, and how devaluations and floating rates negatively contribute to domestic business cycles. 12 pages, 12 footnotes, 5 bibliographic sources.   $84
 
06152. FRIEDRICH HAYEK AND THE PERFECTABILITY OF HUMANITY. Thoughtful discussion of the philosophy of economist Friedrich A. Hayek, focusing on the problem of liberty of the individual and the problems of collective decision-making; raises all the right questions. 10 pages, 4 footnotes, 1 bibliographic source.   $70
 
06094. SRAFFA AND THE NEOCLASSICAL THEORY OF EXCHANGE. Very good study of economist P. Sraffa's objections to the neo-classical theory of the supply curve. Excellent command of the vocabulary of economics. 10p. 9f. 4b.   $70
 
05965. PRODUCTION AND CAPITAL ALLOCATION IN THE USSR. This paper discusses production and capital allocation decisions in the Soviet Union. It surveys the nature of central planning, discusses the reforms of the 1960's, and analyzes pricing and investment priorities. 15p. 21f. 7b.   $105
 
05884. ECONOMIC DEVELOPMENT AND DEMOCRACY. A paper dealing with the relationship of politics and economics in terms of the per capita income and political institutions of various countries. 7 pages, 10 footnotes, 11 bibliographic sources.   $49
 
05829. THE FREE ENTERPRISE SYSTEM. A survey of conservative, liberal and radical views of capitalism. The conclusion is that a mixed economy is the most likely line of development in most democratic countries. 5 pages, 5 footnotes, 2 bibliographic sources.   $35
 
05667. RELIGION AND THE RISE OF CAPITALISM. Review of Tawney's thesis on the changing role of religion and its relation to economic affairs. A range of historical examples is quoted. 6p.   $42
 
05663. INFLATION AND CAPITAL STRUCTURES. A comprehensive review of the impact of inflation on profits, expectations, accounting systems and corporate policies. Current cost accounting is seen as a possible answer to the problems outlined. 1Op. 1f. 10b.   $70
 
05626. MARX ON CAPITALISM. Three major Marxist precepts are examined: profit, crisis and proletarian immiseration centering on the issues of accumulation, the capitalist contradiction of underconsumption and the economic position of the working class. 6p. 6f.2b.   $42
 
05460. SMITH AND MARX. A comparison and contrast between the economic theories of Adam Smith and Karl Marx. 9p. 8f. 4b.   $63
 
05430a. THE ECONOMIC THEORIES OF KEYNES AND MARX. This paper presents a survey of the differences and similarities between the two theories and the attempts by Marxists in the twentieth century to meet the Keynsian challenge. KEYWORDS: economic theory karl marx john maynard keynes. 10 pages, 10 footnotes, 7 bibliographic sources.   $70
 
05430. ALMOND AND VERBA: THE CIVIC CULTURE. An analysis of the major work on "political culture" to appear in the United States. The pioneering and innovative character of the book (first published in 1963) is admitted, but certain limitations of the research are pointed out. 5p. 4f. 3 sources cited in footnotes.   $35
 
05427. THE FEDERAL RESERVE SYSTEM: EVOLUTION, STRUCTURE, AND OPERATIONS. This paper gives a basic history of the Federal Reserve, its functions and structure. Open market market operations, manipulation of required reserve ratios, and the use of the discount mechanism are explained and discussed. The paper concludes with a consideration of just how "independent" the Federal Reserve is, and should be. KEYWORDS: federal reserve banking system interest rates monetary policy. Turabian Style with Endnotes. 10 pages, 24 endnotes, 12 bibliographic sources.   $70
 
05421. BUILDING CYCLES AND INFLATION. The building cycle in relation to the wider economy and the variables to which it is especially suseptible is examined together with some of the pressures on the building industry: interest rates and response to monetary policy. 11p. 11f. 4b.   $77
 
05420. HEIDEGGER'S EXISTENTIAL HUMANISM. Heidegger's criticisms of the Christian and Marxist existentialism are reviewed, and his discussion of the confusions of moral and metaphysical ideas is looked at, from the "Letter on Humanism" to Sartre. 5p. 6f. 1b.   $35
 
05419. NIETZSCHE AND MARX. A critical discussion of Nietzsche as set forth in Geneology of Morals. Suggests some ways in which his thought may not be incompatible with that of Karl Marx. 5p. 2f. 3b.   $35
 
05418a. THE NEW INDUSTRIAL STATE BY JOHN KENNETH GALBRAITH. This paper is a review of Galbraith's thesis (as presented in his book, The New Industrial State) that industry has changed significantly over the near term past to the extent that it is insulated from the demands of consumers and has become strongly identified with the state. Technology, planning and education are all discussed. KEYWORDS: book review non fiction industrialization theories business government relations. 15 pages, 0 footnotes, 1 bibliographic reference.   $105
 
05418. PLATONIC DUALISM AND IMMORTALITY AND TWO MAJOR COUNTER ARGUMENTS. Plato's concept of immortality shows a close relation to his eternal Forms and ultimately the soul. Against this, Plato places the body thus invoking a dualism. The paper looks at immortality in this light and recognizes objections from Aristotle and his later disciple and editor, St. Thomas Asquinas. 11p. 10f. 6b.   $77
 
05416a. CAPITALISM AND FREEDOM BY MILTON FRIEDMAN. This paper provides a review of Milton Friedman's defense of pure capitalism in Capitalism and Freedom. This essay provides an even-handed summary of the book's arguments but concludes that its program is perhaps "utopian." KEYWORDS: book review nonfiction economic theory capitalism friedman. 6 pages, 5 footnotes, 1 bibliographic source.   $42
 
05414. THE NEW THEORISTS OF DEATH. A Personal accounting of a reading of four thinkers on the meaning of death, looking at Kubler-Ross, Feifel, Freud and Lifton and Olsen. 7p. 5f. 4b.   $49
 
05413. THE PHILOSOPHERS OF THE ENLIGHTENMENT. The transition from the skeptical rationalism of Descartes to the skeptical atheism of Hume is examined, with discussions of Christian and anti-Christian sentiment in the age of Enlightenment. 14p. 11f. 7b.   $98
 
05411. THE RELATIONSHIP BETWEEN CLASSICAL POLITICAL AND ECONOMIC THEORY, MARXISM AND NEO-CLASSICAL ECONOMIC THEORY. A paper focusing on the theory of value in all three schools of thought - the just price, labor value and modern attacks on the Marxist position. 5p. 5f. 4b.   $35
 
05409. MARTINE BUBER'S THE KNOWLEDGE OF MAN. A chapter-by-chapter discussion of Buber's last collection of essays, focusing on the continuing doctrine of the I-Thou relation, his theories on guilt and interhuman relations, and the necessity of love. 5p. 6f. 1b.   $35
 
05405. SCHOPENHAUER ON IMMORTALITY AND DEATH. A thorough examination of the philosopher's concept of man's true nature as indestructible. Schopenhauer's debts to Platonic and Kantian metaphysics are reviewed, and his influence on later existential and psychoanalytic thinkers is considered. 14p. 18f. 8b.   $98
 
05405a. THE EFFECT OF INVESTMENT ON BUSINESS CYCLES. This paper explores the relationship between investment and business cycles. Several theories and problems are discussed including: over-investment, both monetary and non-monetary, and the accelerator principle. KEYWORDS: economic theory investment accelerator principle. 10 pages, 7 footnotes, 4 bibliographic sources.   $70
 
05404. AUGUSTINE AND MACHIAVELLI. Are shown to forsake the morality of their respective ages and arrive at extremist positions on ethics and justice in the social order. St. Augustine rejects the material world as inherently imperfect while Machiavelli reaches the same conclusion but counsels manipulating this knowledge to one's own ends. 7p. 8f. 2b.   $49
 
05404a. THE AGE OF UNCERTAINTY BY JOHN KENNETH GALBRAITH. This paper provides a discussion of Galbraith’s 1977 book on economic history. A critical but balanced appraisal is made. KEYWORDS: book review non-fiction economic history galbraith. 10 pages, 8 footnotes, 2 bibliographic sources.   $70
 
05400. QUESNAY. A discussion of the theories of Francois Quesnay, the 18th century economist. Considerable attention is devoted to the economic theory of "physiocracy" in general. Special concern is with the "mystery" of why the wealth of the "sterile class" in Quesnay's Tableau economique appears to increase. 15p. 10f. 6b.   $105
 
05252. ECONOMIC IMPERIALISM. A theoretical and historical analysis of the phenomenon of economic imperialism in the 20th century, with a look at the definitions and examples of imperialism in interstate relations. Causes and economic aspects of imperialist relationships are studied in the international distribution of power before and after the World wars, and the recent independence of the Third World is considered. 20p., 17f., 9b.   $133
 
05099. CAPITALISM AND COMMUNISM IN SOCIAL HISTORY. The rise of modern economic society from the feudal world is looked at, and the introduction of money and private ownership of the means of production is seen as leading to the socialist demands of Marx. Contemporary pressures on American capitalism and the importance of technology in the modern free market economy are considered and the rise of ITT examined. 15p., 0 f., 4b.   $105
 
05027. THE DEVELOPMENT OF THE CAPITALIST SYSTEM IN THE TWENTIETH CENTURY. The central argument of this paper is that the changes in modern capitalism have been mostly minor and cosmetic that its basic nature remains unchanged from the l9th century. 14p., 16f., lb.   $98
 
04992. THE SYSTEM OF PROTECTIONISM. The political and economic implications of trade protectionism are considered, and the reasons for its continued existence are viewed as a challenge to free trade principles. The evolution of mercantilism into protectionism with the rise of capitalism, the rise of nationalism and its conflict with free trade, and the controversy between Japan and the U.S. in the modern context are all discussed in depth. 11p., 0f., l0b.   $77
 
04869. PRICE ELASTICITY OF DEMAND IN THE MARKET SYSTEM. This paper provides an overview and analysis of the mechanism of consumer sensitivity to price changes and the degree to which consumers change their buying patterns in response. The theory of price elasticity, the hypothetical demand schedules, and the application of the theory to hypothetical supply and demand structures are all looked at in detail in this paper. KEYWORDS: price elasticity consumer buying patterns supply and demand. 12 pages, 15 footnotes, 3 bibliographic sources.   $84
 
04819. BOOK REVIEW: ROBERT HEILBRONER, BETWEEN CAPITALISM AND SOCIALISM. A review of Heilbroner's book. Heilbroner points out the need for a new economic theory that overcomes the outmoded theories of capitalism and Marxism. He argues for a theory of technological determinism. 7p., Of., Ob.   $49
 
04539. THE DIVISION OF LABOR IN ADAM SMITH AND KARL MARX. Good solid treatment of the views of these two economists on the division of labor; why Smith saw it as the basis of prosperity, and Marx saw it (with labor theory of value) as the basis of all exploitation. 8p., 8f., 4b.   $56
 
04497. THE ROLE OF FOREIGN INVESTMENT IN ECONOMIC DEVELOPMENT: THEORIES AND EXAMPLES. Very good, very thorough discussion of the literature of economic development; identifies five schools of thought (traditional, econometric, socialist, social-democratic, and economic nationalist), examples to show that even militant countries like Algeria accept foreign investment. 28p.; 48f.; 24b.   $133
 
04452. THE PHILOSOPHY OF HISTORICAL MATERIALISM. Interesting, well-argued paper written especially for Marxist prof; gives good summary of historical materialism, compares it as an explanation of reality to conventional social science; finds that both sides exaggerate their case to fit their political preferences. 8p., 2f., lb.   $56
 
04449. THOMAS MALTHUS' THEORY OF POPULATION INCREASE. Very complete summary of the life and work of Malthus, the first economist to notice that people can make babies faster than they can grow food. Well-done paper. lOp., 15f., 7b.   $70
 
04436. A MONETARIST VIEW OF ECONOMIC POLICY. Very good, very thorough study of monetarist recommendations for economic policy. Includes a thorough summary of Milton Friedman's theory of money and its relation to interest rates and economic growth, comparison of these with conventional theories, monetarist thoughts on needed reforms, and an analysis of how Friedman and (non-monetarist economist) P. Samuelson would have dealt with recession of 1970. Concludes monetarist economics not yet proved wrong by events. 22p., 21f., 12b.   $133
 
04405. MONOPOLY CAPITAL BY BARAN AND SWEEZY. Very well-done critical book review of this classic modern Marxist analysis of the American economy. Thorough summary of all the book's major points; gives Baran-Sweezy credit for being the first to criticize our economic waste thoroughly, but heavy criticism of Marxist assumptions about quality of American life. lOp., 6f., Ob.   $70
 
04359. KARL MARX' ECONOMIC PHILOSOPHY. Basic overview of Marxist economics; includes surplus labor, alienation. labor theory of value, relations between social classes, contradictions of capitalism; also examines modern development of Marxist ideas, ends with uncomplimentary remarks on quality of life & repression in socialist nations. 16p., "10f., 4b.   $112
 
04341. IS ECONOMICS A SCIENCE? Interesting discussion of the role of value judgements in economic thought, based on Fusfeld's The Age of the Economists; points out that men's behavior can be modified by the economic " theories they accept, thus changing the situation that economics must seek to analyze. 4p., Of., Ob.   $28
 
04291. MANPOWER PREDICTIONS. Very thorough study of how manpower needs in various occupations are predicted and how four forecasters have looked at the need for Ph. D's. Very good on the problem of economic assumptions in predictions, thorough summary and comparison of the different predictions for Ph. D.'s; recommends better counseling. 18p., 13f., 4b.   $126
 
04279. LABOR IN TWENTIETH CENTURY CAPITALIST ECONOMIES. Interesting, well-argued paper that discusses the current situation of labor in terms of Marxist categories (but not dogmatically). What Marx and Lenin meant, increasing misery hypothesis not yet realized, leadership of workers, assessment of future possibilities. llp., llf., 8b.   $77
 
04278. MARK VERSUS KEYNES. Clever and sophisticated discussion of the differences in the economic systems of the two thinkers; includes Marxist theory of crisis, idea of modifying capitalism, political differences of the two theories, Marxist theory of value. 11p., 12f., 2b.   $77
 
04250. SCHUMACHER'S SMALL IS BEAUTIFUL. Thorough, sympathetic review and discussion of Schumacher's modern classic on the need for an ecological economics. Discusses all phases of 'products vs. people,' the need for morality in economics. lOp., 9f., 9b.   $70
 
04234. LEBOWITZ ON MARK'S VIEW OF THE FALLING RATE OF PROFIT. Summary of an article, in which a Canadian economist explains just what Marx meant by the falling rate of profit. with a proper understanding, the rate of profit falls in both macro-economic and micro-economic analyses. 4p., Of., Ob.   $28
 
04226. THE ACHIEVEMENTS AND PROBLEMS OF NEO-CLASSICAL ECONOMISTS. Interesting essay on the l9th cent. school of economic thought represented by Marshall, Jevons, Menger & Walras; examines the marginal utility theory of value that separated them from previous economists, and the social attitudes that separated them from later thinkers such as Veblen. 4p., Of., Ob.   $28
 
04213. JOSEPH SCHUMPETER AND THE FUTURE OF CAPITALISM. Excellent summary and discussion of Schumpeter's Capitalism, Socialism and Democracy. Includes a brief biography of Schumpeter, thorough summary of his book, and clever discussion of whether his ideas on the eventual end of capitalism are still valid; finds that of the three trends Schumpeter saw, two are still developing slowly and the third cannot be proved either way. 21p., 12f., 5b.   $133
 
04197. CAPITALIST MOTIVATION AND SOCIAL SCIENCE. Carefully argued examination of the influence of capitalism on social science, focusing on Social Darwinism and the work of Max Weber. Finds that early capitalists confused explanations of society with reasons for acting capitalistically, warns against easy explanations of the interaction between men, ideas and society. 7p., 12f., 2b.   $49
 
04171. FELIX GREENE'S THE ENEMY. Unquestioning summary of Greene's book, which indicts capitalism as the root of all evil. 3p., Of., lb.   $21
 
04118. FELIX GREENE ON IMPERIALISM. Very critical summary and review of Felix Greene's book The Enemy; focuses on straightening out his errors of fact in the historical record. 6p., Of., Ob.   $42
 
04094. ECONOMICS AND PUBLIC PURPOSE BY JOHN KENNETH GALBRAITH. A review of Galbraith's work theorizing a dual economic system, one a market type and the other a planning=type system. The notion that the bargaining position of the public service functions must be strengthened is agreed with. 6 pages, 0 footnotes, 1 bibliographic source.   $42
 
04079. JOHN KENNETH GALBRAITH, THE NEW INDUSTRIAL STATE. A critical review which sees the author as different from orthodox economists insofar as he places economics in a political context but ends up critical of his reformist views. 7p., Of., lb.   $49
 
04071. THE USES OF OPTIONS. Good study of strategies on the options market; buying options ( calls), selling options (puts), risks, transaction costs, hedging strategies, usual rates of return on various strategies. 7p., 3f., Ob.   $49
 
04057. CONSPICIOUS CONSUMPTION IN THE MODERN WORLD. Interesting essay which asks whether Veblen's concept of conspicuous consumption is still valid; of course a brief survey of every phase of modern culture at home and abroad revels that the phenomena is still very much with us. 6p., 3f., 0b.   $42
 
04037. THE ENTREPRENEUR'S ROLE IN ECONOMIC DEVELOPMENT: THEORY AND INDIVIDUAL CASES. Schumpeter's theory of the entrepreneur as agent of change, his thoughts on why capitalism may decline due to institutionalization and lack of innovation; these theories applied to the case of Robert Vesco and others, showing that modern entrepreneurs not the same as historical capitalists. 11p., 17f., Sb.   $77
 
04035. UNEMPLOYMENT AND INFLATION: A CRITIQUE OF THE MANPOWER SOLUTION. Excellent critical survey of book by Holt, MacRae, and others. The relationship between unemployment and inflation; proposals for increased job training as solution, need for even more drastic changes to free American economy from restrictions. 9p., 6f., 3b.   $63
 
04030. MARK AND WEBER. Good basic summary of the thought of Karl Marx and Max Weber; finds that neither is Absolutely right because Weber is too refined for practical application, while Marx was too concerned with practical action to have a refined perspective. 9p., 11f., 2b.   $63
 
04008. WHAT CAUSED IMPERIALISM. Good, sophisticated discussion of various theories of imperialism, focusing on Hobson's economic explanation (which Lenin later borrowed) and Robinson and Gallagher's political-military explanation; good explanation of how various motives converged to create imperialism. 8p., 7f., 6b.   $56
 
03922. ECONOMIC HISTORY OF AMERICAN MINORITIES. Good examination of the relationship between the rise of American capitalism and social position of minorities. Slavery in relation to capitalism, white conquest of the land from Indians and Mexico. Strong leftist viewpoint. 13p. 22f. 7b.   $91
 
03808. COMPARISON OF CONSUMPTION FUNCTIONS. Good thorough discussion of consumption; why do people spend the amount of money they dol Three possible explanations are reviewed: relative income, permanent income, overall life cycle income. 5p., Of., Ob.   $35
 
03593. MARK AND KEYNES. Good basic summary of the work of these two economists. 6p., Of., Ob.   $42
 
03525. RICARDO ON TAXATION. Very thorough and well-done study of what this famous economist thought about taxation; includes, among others, his views on tax capacity of the nation and the effects of taxes on various kinds of income (profits, rent, wages), and a comparison of his views with those of Adam Smith and other economists of the time. 20p., 18f., 5b.   $133
 
03330. KEYNES AND THE DEVELOPMENT OF CAPITALISM. Study of Keynes position in the evolution of economic thought,; includes a summary of l9cent. economic thought, how Keynes represents a modern era of concentrated capital and industry, anti-imperialist conclusion. 8p., Sf., 5b.   $56
 
03227. LENIN, HOBSON, AND SCHUMPETER ON IMPERIALISM. A good summary of three classic positions in imperialism ( or two positions, since Lenin's and Hobson's were the same). surplus capital, Schumpeter's more sociological analysis, the fact that all three thinkers assume that minority pres sure groups are highly influential in imperialism. Sp., 8f., 3b.