Edward S. Mason

The Doctrine of Comparative Cost

I. The value problem in international trade theory, 63. — II. Relation of real costs to value in general theory and in the theory of international trade, 65. — The importance of a unit of measurement of real costs. 66. — III. Position of the doctrine of comparative cost in international trade theory, 72. Treatment by Ricardo and Mill of the relation of real costs to value, 72. — IV. Cairnes and the doctrine of non-competing groups, 77. — Importance of this for the doctrine of comparative cost, 81. — V. Treatment by Bastable and Marshall of therelation of real costs to value in value theory and in the theory of comparative cost, 83. —V I. Summary and conclusion, 92.

Saint-Simonism and the Rationalisation of Industry

I. Introduction, 640.—II. Saint-Simon in his relation to the policy of laissez-faire, 642.—Neither Saint-Simon nor the Saint-Simonians were socialists, 648.—III. The philosophy of history, 650.—The principle of productivity and its importance, 651.—IV. The rule of law and the harmony of interests in a society of producers, 657.—V. The Saint-Simonian criticism of competition, 665.—The division between the idle and the producing class, 668.—The rationalisation of economic enterprise, 674.—VI. The position and importance of the banks, 675.—The theory and rational use of credit, 677.—VII. Conclusion, 680.

Fourier and Anarchism

I. Revolutionary groups in their attitude to science. Pretensions of anarchism to scientific method, 229. — II. Social sciences and modern anarchism draw from a common source, the conception of natural law, 231. — Ways in which this conception has been used, 235. — Reasons for the sharp divergence of anarchism from the point of view of students of the social sciences, 237. — III. Fouriers system is essentially anarchistic, 241. — The characteristics of his anarchism in its use of the idea of a natural order, 243.—The natural order of Fourier as an equilibrium of passional attractions, 250. — IV. Distinctiveness of Fouriers anarchism. His romanticism, 156. — His modernism, 260. — Criticism and summary, 261.

Raw Materials, Rearmament, and Economic Development

I. Current Materials Shortages in Relation to the Rearmament Program, 327. — II. The Long-run Materials Outlook; the Effect of Technological Change, 328. — III. Foreign Sources of Supply; Industrialization v. Increased Output of Primary Products, 332. — IV. Obstacles to the Expansion of Foreign Sources of Supply, 337. — V. Materials Security, 339. — VI. Conclusion, 340.

Power Aspects of the Tennessee Valley Authority's Program

I. The power program of the Authority may be treated independently of other objectives. — This program represents a new development in federal power policy, 378. — II. An analysis of the provisions of the Act relating to power, 379; constitutional limitations on a federal agency in the electricity field, 383; legislative limitations on the activities of the Authority in the Tennessee Valey area, 389. — III. Objectives of the Authoritys power program, 393. — Significance of these objectives for the problem of cost calculation, 396. — The problem of investment allocation, 398. — The problem of the interest rate, 407. — The determination of the price of acquired properties, 410. — IV. Conclusions, 412.