The Quarterly Journal of Economics 



PUBLISHED FOR 



HARVARD UNIVERSITY 



Is established as an aid to investigators and students. It will supply a 

 medium of publication for studies in 



Economic History, Criticism, and Speculation, 



and for the discussion of the important 



Oiiestions of the Day. 



It will cordially welcome any real contribution to Economic study, 

 leaving to the writer the sole responsibility for matters of opinion. 



The Journal will be issued October i ; January i ; April i ; and 

 July i. 



It will contain regularly 112 pages Svo, with such supplementary 

 sheets as may be required from time to time. 



Communications for the Editorial management should be addressed to 

 THE QUARTERLY JOURNAL OF ECONOMICS, Cambridge, Mass. 



Business letters, subscriptions and remittances, to GEORGE H. 

 ELLIS, 141 Franklin Street, Boston. 



Subscription Price, Two Dollars Per Annum. 



Among the writers for numbers already issued were : 



PROF. DUNBAR, of Harvard University. F. J. STIMSON, Esq. 



PROF. FOX WELL, of Cambridge, England. PROF. TAUSSIG, of Harvard University. 



PROF. HADLEY, of Yale University. PRES. WALKER, of the Mass. Institute" of 



S. DANA HORTON, Esq. Technology. 



PROF. J.L.LAUGHLIN, Cornell University. CARROLL D. WRIGHT, of the National 



PROF. MARSHALL, of Cambridge, England. Labor Bureau. 



PROF. MACVANE, of Harvard University. JAMES BONAR, London, England. 



PROF. NASSE, of Bonn, Germany. STUART WOOD, Philadelphia, Pa. 



PROF. R. M. SMITH, of Columbia College. PROF. PATTEN, University of Pennsyl- 



PRES. ANDREWS, of Brown University. vania. 



A. DE FOVILLE, Paris, France. SEYMOUR DEXTER, Esq. 



PROF. BASTABLE, University of Dublin. N. P. GILMAN, Esq. 



PROF. GIDDINGS, Bryn Mawr College. PROF. BOEHM-BAWERK,Vienna, Austria 



CONTENTS FOR JULY, 1890. 

 I. CO-OPERATIVE PRODUCTION IN FRANCE AND ENGLAND. EDWARD 



CUMMINGS. 



II. THE RESIDUAL THEORY OF DISTRIBUTION. FREDERICK B. HAWLBY. 

 III. THE SILVER SITUATION. HORACE WHITE. 

 IV. FREDERICK LE PLAY. H. HiGGS. 

 NOTES AND MEMORANDA. 



The Conversion of the English Debt. A. C. MILLER. 

 Changes in the Form of Railroad Capital. THOMAS L. GREEN. 

 RECENT PUBLICATIONS UPON ECONOMICS. 



APPENDIX. 



A FAMILY MONOGRAPH OF LE PLAY'S. 

 THE RAMPAL LEGACY TO AID CO-OPERATIVE SOCIETIES. 



CONTENTS FOR OCTOBER, 1890. 



L SOME EXPERIMENTS ON BEHALF OF THE UNEMPLOYED. AMOS <i. 



WARNER. 



II. BOEHM-BAWERK ON VALUE AND WAGES. S. M. MACVANE. 

 Ill A CENTURY OF PATENT LAW. CHAUNCEY SMITH. 

 IV. THE SOUTHERN RAILWAY AND STEAMSHIP ASSOCIATION. HENRY 



HUDSON. 

 NOTES AND MEMORANDA. 



Studies on the Origin of the French Economists. STEPHEN BAUER. 



RECENT PUBLICATIONS UPON ECONOMICS. 



APPENDIX. 

 STATISTICS ON THE GERMAN LABORERS' COLONIES. 



AGREEMENT OF THE SOUTHERN RAILWAY AND STEAMSHIP ASSOCIA- 

 TION. 



