A discussion of Tocqueville's work and whether it is "only an expression of his own historical and political situation, and that therefore has lost its significance for a time beyond the end of that period?"
...I hope that many money theorists who, again and again, offer their bags of tricks, will realize from what I have said what mischief they will work if they go on promulgating their plans for devaluation.
There are three groups of factors leading to disemployment which singly or in combination determine, according to the labor displacement theory, the development of unemployment. These groups of factors constitute the demand, capital and disproportionality arguments of the displacement theory.
To relate events and experiences in the field of political development in one nation to simultaneous ones in the field of international relations is always a doubtful venture. Such parallels, evident as they may be, always lead to misapprehension. Yet some resemblances are so striking that they testify to certain common roots in all human order, even though it may be dangerous to apply the same notions to the very different structures of national states and of international organization.
Therefore, if they really analyzed the underlying ideas of the precedents and followed the convictions of earlier judges, stagnation would set in. The only way out of this difficulty is that the judge should not always feel bound by the underlying thought of the earlier cases but should pay attention at times only to the wording of the decision or only to the actual bearing of the decision on the concrete case.
Among those countries which are included in an international comparison published by the German Statistical Office the United States spent for educational purposes the highest amount, both absolutely and relatively (in relation to the number of the population as well as to the number of pupils).
Reviewed Works: L’Exécution du Plan du Travail by Bureau D’éTudes Sociales; Codes, Cartels, National Planning. The Road to Economic Stability by Bruno Burn, S. Flink; National Economic Planning. [Papers Read before the Second Summer School of the Australian Institute of Political Science] by W. G. K. Duncan; International Trade Union Movement, Vol. 15, Nos. 1-4, “Economic Planning and Labour Plans”; Final Report, 1933-34 by National Planning Board; Review of Economic Studies, Vol. 2, Nos. 1 and 2 by H. G. Dickinson, A. P. Lerner, Maurice Dobb; Economic Planning and the Tariff by James Gerald Smith; On Economic Planning by Mary Van Kleeck, Mary L. Fleddérus; Plan or No Plan by Barbara Wootton; Zeitschrift Für Sozialforschung, Vol. 3, No. 2 (1934) by Kurt Mandelbaum, Gerhard Meyer.
Review of book by Ralph C. Epstein. New York: National Bureau of Economic Research. 1934. 672 pp.
Review of book by Paul Studenski. Reprinted from Volume 2 of Economic Principles and Problems. Revised Edition, 1934, by Walter E. Spahr et al. New York: Farrar & Rinehart. 177 pp.
Review of book by Charles O. Hardy and Robert R. Kuczynski. The Institute of Economics Publication No. 57.Washington: Brookings Institution. 1934. 143 pp.
Review of book by Benedetto Croce. New York: Harcourt, Brace. 1933. 375 pp.
Review of book by Harold D. Lasswell. World Politics and Personal Insecurity. New York: Whittlesey House, McGraw-Hill. 1935. 307 pp.
Review of book by Henry Noel Brailsford. New York: Covici-Friede. 1934. 349 pp.