nd social reconstruction give an
excellent chance for selection. Here are a few suggestions:
H. deB. Gibbins has written one of the best descriptive books on the
economic changes surrounding the industrial revolution. ("Industry in
England" London, Methuen, 1896.) See also his "Economic and Industrial
Progress of the Century" (London, Chambers, 1903).
Supplement this by reading another old book, "Recent Economic Changes,"
by D.A. Wells. (New York, Appleton, 1898.)
More up to date, and in the same field, are "The Great Society," (Graham
Wallas, New York, Macmillan, 1914, Chapter I); "Economic Consequences of
the Peace," J.M. Keynes, (New York, Harcourt, 1920, Chapter II); "The
Fruits of Victory," Norman Angell (Glasgow, Collins, 1921) Chapters I
and II.
The economic chaos resulting from the war has been described with
journalistic accuracy by Frank A. Vanderlip, American banker, in his
"What Happened to Europe?" (New York, Macmillan, 1919) and in "What Next
in Europe?" (New York, Harcourt, 1922). The European situation is dealt
with in great detail by the "Manchester Guardian Commercial." Beginning
with April 20, 1922, the "Commercial" has published a very complete
series of articles under the general editorship of J.M. Keynes. The
series is entitled "Reconstruction in Europe." "America and the Balance
Sheet of Europe" (J.F. Bass and H.G. Moulton, New York, Ronald Press,
1921) is a study by two experts that goes into great detail with regard
to budgets, public finances, exchange rates and the like. "Our Eleven
Billion Dollars" (Robert Mountsier, New York, Seltzer, 1922) gives the
same facts, brought up to date and popularized.
The science of economic organization is approached from three quite
different positions. First, there are writers who discuss ways of making
the economic mechanism efficient. ("Theory and Practice of Scientific
Management," Boston, Houghton Mifflin, 1917; "The Administration of
Industrial Enterprises," Edward David Jones, New York, Longmans, 1920;
"Principles of Scientific Management," F.W. Taylor, New York, Harpers,
1911.) In the second place, there are writers like Thorstein Veblen
("The Engineers and the Price System," New York, Huebsch, 1921, and "The
Theory of Business Enterprise," New York, Scribners, 1904) and H.L.
Gantt ("Organization for Work," New York, Harcourt, 1919) who desire to
see vital changes made in the aims of the whole economic order. Third,
there are reformers and ra
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