sach tu vung tieng anh huu ich cho ban nao muon hoc tu vung bai ban nFIEIVUSDVUUVBJSDNVOWNOINSDNVSNDIVNWENGSDJONVJSDNVONDVNJSDNVJSNJDJNVIENTGINKVNKBNKSDNBKSBNsach tu vung tieng anh huu ich cho ban nao muon hoc tu vung bai ban nFIEIVUSDVUUVBJSDNVOWNOINSDNVSNDIVNWENGSDJONVJSDNVONDVNJSDNVJSNJDJNVIENTGINKVNKBNKSDNBKSBNsach tu vung tieng anh huu ich cho ban nao muon hoc tu vung bai ban nFIEIVUSDVUUVBJSDNVOWNOINSDNVSNDIVNWENGSDJONVJSDNVONDVNJSDNVJSNJDJNVIENTGINKVNKBNKSDNBKSBNsach tu vung tieng anh huu ich cho ban nao muon hoc tu vung bai ban nFIEIVUSDVUUVBJSDNVOWNOINSDNVSNDIVNWENGSDJONVJSDNVONDVNJSDNVJSNJDJNVIENTGINKVNKBNKSDNBKSBNsach tu vung tieng anh huu ich cho ban nao muon hoc tu vung bai ban nFIEIVUSDVUUVBJSDNVOWNOINSDNVSNDIVNWENGSDJONVJSDNVONDVNJSDNVJSNJDJNVIENTGINKVNKBNKSDNBKSBNsach tu vung tieng anh huu ich cho ban nao muon hoc tu vung bai ban nFIEIVUSDVUUVBJSDNVOWNOINSDNVSNDIVNWENGSDJONVJSDNVONDVNJSDNVJSNJDJNVIENTGINKVNKBNKSDNBKSBNsach tu vung tieng anh huu ich cho ban nao muon hoc tu vung bai ban nFIEIVUSDVUUVBJSDNVOWNOINSDNVSNDIVNWENGSDJONVJSDNVONDVNJSDNVJSNJDJNVIENTGINKVNKBNKSDNBKSBNsach tu vung tieng anh huu ich cho ban nao muon hoc tu vung bai ban nFIEIVUSDVUUVBJSDNVOWNOINSDNVSNDIVNWENGSDJONVJSDNVONDVNJSDNVJSNJDJNVIENTGINKVNKBNKSDNBKSBNsach tu vung tieng anh huu ich cho ban nao muon hoc tu vung bai ban nFIEIVUSDVUUVBJSDNVOWNOINSDNVSNDIVNWENGSDJONVJSDNVONDVNJSDNVJSNJDJNVIENTGINKVNKBNKSDNBKSBN
Pi Gamma Mu, International Honor Society in Social Sciences The Economics of Money, Credit, and Banking by J Cyril James Review by: J Ray Cable Social Science, Vol 11, No (January 1936), p 73 Published by: Pi Gamma Mu, International Honor Society in Social Sciences Stable URL: http://www.jstor.org/stable/41885689 Accessed: 28/06/2014 12:40 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 of content in a trusted digital archive We use information technology and tools to increase productivity and facilitate new forms of scholarship For more information about JSTOR, please contact support@jstor.org Pi Gamma Mu, International Honor Society in Social Sciences is collaborating with JSTOR to digitize, preserve and extend access to Social Science http://www.jstor.org This content downloaded from 91.213.220.103 on Sat, 28 Jun 2014 12:40:38 PM All use subject to JSTOR Terms and Conditions BOOK REVIEWS 73 Thesemonetary controversies ofa former on genera- logicallyto fitin better.Thus,the discussion tion are, however, not relevantto present-daygolddevaluation andrelatedtopicsmight possibly interests ." be takenoutofthechapter ontheFederalReserve practical of the past few System:Administrative The monetary and added developments Organization backtheapproach to monetary to thechapter onThe GoldStandard yearshavebrought Manyother controversies "fromthe standpoint of an active rearrangements may be made to securegreater this unityin thecase ofsomeofthechapters interest" whether (It is questionable present Professor a first-class Garis'workconstitutes approachshouldever have been so muchnegthis textforstudents Garis'bookexemplifies of moneyand banking, and it lected),andProfessor in hisattackupon shouldprovemostserviceable revival.The authoris vigorous as a readableand unsound sourceofinformation forthegenmonetary proposalsand the- thoroughgoing legislation, clearin no uncertain eralreader ories,andmakeshisposition - ClydeWilliamPhelps terms.This does not meanthathis workis not andscholarly, forhe has takenpainsto Head Department ofEconomics andCommerce impartial treatfairlythe variouspointsof viewinvolved, University of Chattanooga whenever possible quotingdirectly textforuniver- The Economicsof Money,Credit,and Banking Professor Garis'comprehensive NewYork:RonaldPress,1935 courses notonlytreatsthe By J.CyrilJames and sitymoney banking andhistory butalsogivesattention 671pp $4.00 general theory in legisla- It is a greatpleasureto recordtheappearance recentdevelopments to the important tionand literature It is evidentthatthe author ofa secondandrevisededitionofthisexceedingly a reallyup-to-date usefultext.Firstpublishedin 1929,it attracted hassparedno effort to produce wideattention volume andclearbyitsfunctional approach ofthereallyimportant The workfallsintotwoequal parts.The first cutpresentation of factors cover and fivehundred-odd money credit, moneyand bankingwithoutundueinclusionof pages ofthespacebeingdevotedto the unimportant detail.However, thereviewer aboutthree-fifths readthe 530 pageshandle original former editionwitha feeling thatthedesirefor subject.The remaining Thetreatment ofmoneyendswithChap- brevity had beencarriedtoo far,and remembers banking theauthorsuggesting ter XI on MonetaryReforms Here the author havingwritten thathe really shouldbe simplifiedwritea book aroundhis mostexcellentoutline system urgesthatourcurrency ofall typesofcirculation except The neweditionmeetswithhis approvalin that "bytheabolition FederalReservenotes(backedby a 25 per cent respect and Changesarenowso rapidinmonetary insteadof a 40 percentgoldreserve), fieldsthatno textbook can lay claimto SI and $2 banking UnitedStatesnotes,andsubsidiary coins."He be- presentation of existing factsif the inkis really lievesthat"in the verynearfuturethe United dry.Frequentand extensive revision mustbe exto thegoldstandardnotas pected.And here Professor Statesshouldreturn Jameshas done a an end in itself,but 'managed'as one meansto superlatively good job The revisededitionruns ofa relatively theattainment stablepricesystem." through eachshowing evidence thirty-one chapters, It shouldnotbe inferred, thathis posi- ofcareful reconsideration ofthematerial however, givenin the goal of thefirst tion is to makepricestabilization edition.Although thenamehas beenreandcreditpolicy.Forin ChapterXVIII tained,the bookhas beenlargelyrewritten, and monetary on The Controlof Credit, whichendsthesection is muchimproved In thereviewer's it is opinion, to credit, ofthebookrelating hestatesplainly that nowthemosteffective textavailableforthebehe believes"a rigidstability of thepricelevelis ginning: student - J.RayCable butimpossible," notonlyundesirable andthatthe conditions normal and Associate Professor ofFinanceandBanking goalshouldbetokeepcredit healthyand to preventabuse of credit.Progress Washington University towardthisgoalwouldnaturally havesometendto toward more in the ency help securing stability pricelevel CriminologySurveyed In thebanking sectionofthework,theauthor NewYork:Longit seemsto me,in restrict-Criminology showsgoodjudgment, ByAlbertMorris of agricultural to one mans,Green& Co., 1934.xii,590pp $3.50 ingthe discussion banking Xormuchtoolong ponderousand"academic" chapterand that of non-commercial bankingto It mighthavebeenworthwhileto have beensynonyms, twochapters and scholarsseemto have closethissectionof thebookwitha chapteron feltthatin orderto be intelligent theymustbe reforms Professor Morris'Criminology banking is a unintelligible Whenthebookis revised, itwillprobably marked from prove departure sucha school.Not onlyis to replacetheverbatim desirable it of authoritative and but it is highly presentation intelligent, and certainotherdetailedand lengthy intelligible andwellwritten It is a bookin which legislation matters andvaluable criticalinsighthas been sharpened (all ofwhichit is important on a respect at themoment to citeverbatim) affection forwords bysuccinct expla- andan excusable and to shift to an that The validityand thoroughness nation, of theauthor's appendix partof the replacedmatterdeemedimportant for its treatment has alreadybeencommented on so faform or some of the original phraseology as WilliamHealy Also, vorablyby such authorities discussions of recentdevelopments thatit seemssuperfluous maywellbe andAustinMacCormick shifted fromthechapters in whichtheyappearat to say more.In covering thewholefieldof crimto other wheretheywouldseem inology, Morrisneverlosesthehumanbeingin a chapters present This content downloaded from 91.213.220.103 on Sat, 28 Jun 2014 12:40:38 PM All use subject to JSTOR Terms and Conditions ... Department ofEconomics andCommerce impartial treatfairlythe variouspointsof viewinvolved, University of Chattanooga whenever possible quotingdirectly textforuniver- The Economicsof Money,Credit ,and. .. Money,Credit ,and Banking Professor Garis'comprehensive NewYork:RonaldPress ,19 35 courses notonlytreatsthe By J. CyrilJames and sitymoney banking andhistory butalsogivesattention 671pp $4.00 general theory in legisla-... textavailableforthebehe believes"a rigidstability of thepricelevelis ginning: student - J. RayCable butimpossible," notonlyundesirable andthatthe conditions normal and Associate Professor ofFinanceandBanking