I. Introduction, 523. — II. The fundamental role of budgetary deficits, 525.—III. The quantity theory, 528.—IV. Purchasing power parity, 533. — V. Conclusion, 536.

Introduction, 292. — The concept of total utility, 293. — Relativity of utility to rates of consumption, 294. — Ambiguity of the word utility: potential utility and satisfaction actually enjoyed, 295. — Intra-marginal surpluses of utility from sporadic and intermittent consumption, 296. — Conclusion, 298. Recognized difficulties of dealing quantitatively, by means of demand schedules, with the subjective background of economic phenomena, 303. — Relativity of demand schedules to rates of consumption, 304. — Doctrines of consumer's surplus: (a) Bargain purchases of intra-marginal utility, 308; (b) The addition to one's total utility that attends a decline in price, 311; (c) Life's excess of utility over the disutility of earning a living, 313. — Résumé, 315.

I. Theories of the causes of crises and cycles: agnostic theories, 294.—Emphasis placed upon the influence of the credit system, 296.—Attention to the psychology of business men, 299.—Periodicity of commercial crises, 300. — Theory that banks cause the business cycle, 308.—Critics of the theory that banks cause the business cycle, 308. — Theory of the self-generating cycle, 309. — Influence of maladjustments of production, 312. II. Suggestions for moderating the cycle: loan policy, 316.—Variable discount rate, 319.—Surplus reserves at New York, 322.—Abolition of the payment of interest on deposits at New York, 325.—The call-loan evil at New York, 327.

Reviews the book "The Economics of Money, Credit and Banking," 2nd ed., by F. Cyril James.

Reviews the book "Taxation Issues," by M. Slade Kendrick.

Reviews the book "The Banking Process," by R.G. Rodkey.