nge, 138.

Department stores, 203.

Destructive consumption, 324.

Developing civilization, 53.

Diminishing returns, law of, 79.

Discipline in production, 47.

Distribution of wealth, 233.

Division of labor, advantages, 182;
disadvantages, 188;
economy of, 180;
limits, 184;
on farms, 186.

Duty, or custom, 357.

Economic functions of government, 337.

Economic machinery of government, 346.

Economic science, 2.

Efficiency, requisites, 53.

Enlightened vs. savage, 50.

"Equality of opportunity," 333.

Equity in wages, 277.

Exchange, advantages, 58;
in distribution, 234;
in production, 58;
limits of, 60;
its machinery, 109.

Excise collections, 357.

Exemptions from taxes, 354.

Exertion as related to value, 69.

Expanding credit, 167.

Farm crops in United States since 1850, 10;
interests, fluctuation of, 9;
products, prices of, 78;
stock in United States, 9, 83.

Farming combinations, 204.

Farms in the United States, 9, 304;
small, for homes, 202.

Federations of labor, 267.

Final utility, 67.

Financial crisis, 169.

Floating capital, 43.

Fluctuation of prices, 87-108.

Forces in production, 27.

Franchises, 211.

Free communication, 109.

Freedom in markets, 75.

General welfare, 1.

Gold, ratio to silver, 124;
standard, 128.

Government and universal needs, 339.

Government chief incentive to production, 206.

Government, ends of, 338;
stable, 18.

Government banks, 147;
churches, 342;
debts, 368, 370.

Government lands, 294.

Government machinery, 346.

Government resources, 346.

Government wards, 342.

Governmental limits, 337.

Grains, consumption of, 84.

Gresham's law, 125.

Hard times, 172;
causes of, 173;
cure for, 178;
remedies, 176.

Higgling of the market, 73.

Hogs, number in United States, 9, 83;
prices of, 95-99.

Horses, number in U. S., 9, 83.

Human energy, 27.

Ideal manliness, 49.

Improved farming, effect of, 81.

Imprudent consumption, 319.

Incentive of good government, 206.

Income taxes, 360.

Indirect taxes, 356.

Individual Efficiency, 49.

Individual responsibility for use of wealth, 310.

Individualism, 328.

Inheritance taxes, 363.

Insurance, applications of, 229, 239;
governmental control of, 228;
methods of, 226;
nature of, 225.

Interest and rent distinguished, 279;
principles of, 283;
reasons for, 283;
uses of, 29