The Suntory and Toyota International Centres for Economics and Related Disciplines

Readings in Economic Analysis: Volume I (General Theory) by Richard V. Clemence; Readingsin Economic Analysis: Volume II (Prices and Production) by Richard V. ClemenceEconomica, New Series, Vol. 18, No. 70 (May, 1951), p. 223Published by: Wiley on behalf of The London School of Economics and Political Science and TheSuntory and Toyota International Centres for Economics and Related DisciplinesStable URL: http://www.jstor.org/stable/2550027 .

Accessed: 04/12/2014 03:52

Your use of the JSTOR archive indicates your acceptance of the Terms & Conditions of Use, available at .http://www.jstor.org/page/info/about/policies/terms.jsp

.JSTOR is a not-for-profit service that helps scholars, researchers, and students discover, use, and build upon a wide range ofcontent in a trusted digital archive. We use information technology and tools to increase productivity and facilitate new formsof scholarship. For more information about JSTOR, please contact support@jstor.org.

.

Wiley, The London School of Economics and Political Science, The Suntory and Toyota International Centresfor Economics and Related Disciplines are collaborating with JSTOR to digitize, preserve and extend access toEconomica.

http://www.jstor.org

This content downloaded from 128.235.251.160 on Thu, 4 Dec 2014 03:52:16 AMAll use subject to JSTOR Terms and Conditions

1951I] BOOK REVIEWS 223

Guides to Official Sources: No. I, Labour Statistics. Revised August, 1950. H.M.S.O. I950. IS. 3d.

The Interdepartmental Committee on Social and Economic Research did a great service to all students of labour problems when it published its guide to labour statistics in I948. This guide has now been revised and enlarged. The principal changes arise from the new manpower series yielded since July 1948 by the National Insurance Act and the National Insurance (Industrial Injuries) Act, and from the adoption of the Standard Industrial Classification; but the new guide also provides a revised and in some particulars enlarged treatment of the earlier sources, notably the old employment series and the old cost of living indexes. It is indispensable to all who use labour statistics.

Readings in Economic Analysis: Volume I (General Theory) and Volume II (Prices and Production). Edited by Richard V. Clemence. Addison-Wesley Press Inc., Cambridge, Mass. I950.

ix + 283 pp. and xi + 259 pp. $2.5o each vol.

These volumes contain a selection of important articles primarily on value theory. They have been skilfully edited by Dr. Clemence who modestly remarks that his own contribution has been " to keep my comments out of it ". The articles are reproduced photographically, exactly as they first appeared in print. The principle of selection in Volume I is a little difficult to understand, but readers will have no complaints about Volume II. In the latter, the inclusion of Professor Viner's inaccessible " Cost Curves and Supply Curves " is most welcome, more so because its author nas added a supplement dated January, 1950. In the same volume there is made available the complete Lester-Machlup controversy over marginalism. Further selections are promised and if they attain the high standard of Volume II they will be of immense value, particularly to those teachers and students who do not have ready access to the complete range of periodicals which the serious economist is obliged to read.

The Social Crisis of our Time. By Wilhelm R6pke. William Hodge and Co. Ltd. London. English Edition. 1950. 260 pp. 15s.

This is the translation from the German of a work originally published in Switzerland in I94I under the title Die Gesellschaftskrisis der Gegen- wart and which was reviewed in this journal in I944.

Part I (pp. I-150) is an excursion into sociological diagnostics at which the author excels in his own erudite fashion. The fact that the author in his discussion of remedies for the instability of capitalism claims kinship with Lerner and Meade should be of interest to those who are inclined to associate Professor R6pke with extreme Continental Liberalism. However, readers may find it a little difficult to trace the family connection in his suggestions for international monetary reform.

This content downloaded from 128.235.251.160 on Thu, 4 Dec 2014 03:52:16 AMAll use subject to JSTOR Terms and Conditions