|)art, &c&affner Jlarj: Economic THE CAUSE AND EXTENT OF THE RECENT INDUS- TRIAL PROGRESS OF GERMANY. By EarlD. Howard. THE CAUSES OF THE PANIC OF 1893. By William J. Lauck. INDUSTRIAL EDUCATION. By Harlow Stafford Person, Ph.D. FEDERAL REGULATION OF RAILWAY RATES, By Al- bert N. Merritt, Ph.D. SHIP SUBSIDIES. An EconomicStudyofthe Policyof Sub- sidizing Merchant Marines. ByWalterT. Dunmore. SOCIALISM: A CRITICAL ANALYSIS. ByO. D. Skelton. INDUSTRIAL ACCIDENTS ANDTHEIR COMPENSATION. By Gilbert L. Campbell, B. S. THE STANDARD OF LIVING AMONG THE INDUSTRIAL PEOPLE OF AMERICA. By Frank H. Streightoff. THE NAVIGABLE RHINE. By Edwin J. Clapp. HISTORY AND ORGANIZATION OF CRIMINAL STATIS- TICS IN THE UNITED STATES. By Louis Newton Robinson. SOCIAL VALUE. By B. M. Anderson, Jr. HOUGHTON MIFFLIN COMPANY BOSTON AND NEWYORK & (ttlarx w$t 600^0 XI SOCIAL VALUE VALUE :iAL A STUDY IN ECONOMIC THEORY CRITICAL AND CONSTRUCTIVE .< BY M? ANDERSON, PH.D. ; JR., ' Instructor in Political Economy Columbia University BOSTON AND NEW YORK HOUGHTON MIFFLIN COMPANY 1911 COPYRIGHT, IQII, BY HART, SCHAFFNER & MARX ALL RIGHTS RESERVED PublishedNovemberigu