The Burden of the Sugar Duty F. W. Taussig F. W. Taussig Harvard University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 23, Issue 3, May 1909, Pages 548–553, https://doi.org/10.2307/1884780 Published: 01 May 1909
Industrial stages illustrated by the shoemakers, 39. — I. The Company of Shoomakers, 1648 (Boston). Itinerant cobbler and craft gild, 40. — II. The Society of Master Cordwainers, 1789, and the Federal Society of Journeymen Cordwainers, 1794 (Philadelphia). Retailshop and wholesale-order stages, 45. — III. The United Beneficial Society of Journeymen Cordwainers, 1835 (Philadelphia). Wholesale-speculative stage, 59. Economic causes of class organization; the bargain, 65; the period of investment, 67; the level of the competitive menace, 68; protective organizations, 69. — IV. Knights of St. Crispin, 1868, 72. The factory system, 73. — V. Industrial Evolution in Europe and America. Organization and legislation for protection, 76.
Was it, or was it not, an economic crisis of the first magnitude? 185. — Popular explanations of its cause, 190. — The financial world on the eve of the panic of 1907, 192. — Situation of Europe, and warnings of European observers, 194. — Communities outside of the United States which encountered a financial crisis in 1907, 202. — Economic conditions which have followed the episode, 206.
I. Methods of pure theory are individualistic, 214. — II. Meaning of the concept of social value, 217. — III. Concept of social value opens up an optimistic view of society and its activities, 222. — IV. Relation of the theory of prices to the concept of social value, 225. — V. Summary, 231.