I. Origin and scope of the problem, 93. — II. Two types of cases, 96. — Comparison with the Railway Labor Act, 96. — Policy of the Labor Board, 97. — III. Criticisms of the Board's administration of Section 9(b), 102. — The Supreme Court's decision, 105. — Three broad questions of social policy now seen to be involved, 106.

I. Conditions favorable to union growth: unions as defensive organizations, 611; the “prosperity theory,” 614; union growth and price movements, 617. — Preliminary formulation of a theory of union growth, 619. — II. Booms in union growth, 620. — The influence of wars, 622. — Inertia, 623. — Employer opposition, 624. — The “welfare” approach, 625. — III. The importance of leadership, 625. — IV. The influence of industrialization, 628. — V. Conclusion: expansion of the preliminary theory of union growth, 632.

Three types of maladjustment between supply and demand to be analyzed with respect to their influence on elasticity of demand, 652. — I. The industry: effect of maladjustment of the first type, 654; of the second type, 654; of the third type, non-durable goods, 654; durable goods, 656. — II. Buyer attitudes, 659. — Consumer purchases, 660. — Dealer purchases, 661.—Processor purchases, 662. — III. The firm's marginal revenue curve: non-differentiated goods, 663; differentiated goods, 664.

Reviews the book "Foundation of Accounting," by Alfred D'Alessandro.

The article comments on the paper "An Introduction to Corporate Accounting Standards," by W.A. Paton and A.C. Littleton. The work attempts to build a coherent structure on a philosophical foundation, rather than to discover any coherence in the field of accounting as it is. This savors of thirteenth century science, when conclusions were derived from the application of logic to classical preconceptions, and when recourse to the laboratory was beneath the dignity of scientists. The predominantly deductive approach carries with it the temptation to leave out or deny what ever may conflict with conclusions. Not only does this monograph limit itself to corporation accounting of income but it seems to be mainly preoccupied with manufacturing concerns. Costs attach to products sold, of which more might be said. Contractual interest is relegated to the status of dividends, which statement is good for plenty of argument. And speaking of honest men, it seems that the authors of this monograph have a profound distrust of management, even though they emphasize that a chief purpose of accounting is to serve and represent corporate management.