The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1934-05-01
Liberal Viewpoint
by DIR. HARRY ELMER BARNES

CTUART CHASE has written a book which
- should be put into the lap of every man in
Washington in any way connected with the
effort to build a new order in America ('The
Economy of Abundance" BY Stuart Chase. Mac
milan. $3.50. 1t is the most satisfactory work
I know Of which is devoted to the theme that
we have passed from a scarcity to a plenty
economy and must make corresponding readjust-
ments in our social structure and ideals.
The old order was one devoted primarily to
vending goods. The new one must be con-
Centrated upon serving man with the minimum
of pain and effort. As Mr. Chase dryly remarks
lit is not money which makes the mare go; it is
oats" He emphasizes the fact that the Roose-
welt program can never show any real consist
ency until it recognizes this fact.
THE Roosevelt administration can not make
up its mind whether it wants to restore vendi-
bility-popularly known as recovery-or inaugu-
rate a new economic system based on serv-
eability. Obviously, until this choice is made
the conflict will be reflected in zig-zag admins
trative performance"
nROFESOR PAUL B. DOUGLAS, once en-
l. gagged by the new deal as a member of the
consumers council! has been working for many
years to formulate an inductiVe theory of wages
and distribution. The results of his efforts are
now embodied in a monumental work which con-
stitutes one of the outstanding contributions of
an American writer to economic science ("The
Theory of Wages" BY Paul H. Douglas Mac
milan. So.
Now that the regulation of the New York
Stock Exchange Isl being practically considered
and warmly debated, the study of stock market
control made for the Twentieth Century Fund is
extremely timely CStock Market Control" Ed
tied by Evans Clark ct al. Appleton Century
So.
The books on money and imitation still con-
tinue to be ground out Professor Ede has writ
ten clear and sensible book from mildly con-
sentative point of view C'Dollars." BY Lionel D.
Edie. Yale University Press. $3.50. While op-
posed to thorough going imitation and the COM
modify dollar, he takes some lusty swings at the
Scare-hounds and bogy- mongers and admits the
necessity for constructive expansion of money.
A GOOD part of the administration monetary
L N policy can be harmonized with his concep-
tons, though he is very critical of the specific
doctrines of Professor Warren.
DR. Clark is well-known expert on economic
history His present book is primarily historical
and eXpositiory, and gains in value from this
very reason CWhat Is Money?'O BY Victor S.
Clark Houghton Mifflin. SD. He is a con-
vnced anti-inflationist, but he does not allow
his prejudiceS in this matter seriously to affect
his historical discussion of the origin and char
acter of monetary media.
Professor Mason has written a very lucid and
informing history of Judge Brandeis' legal and
juriStic evolution C'BrandeS: Lawyer and Judge
IN the Modern State" BY Alpheus Thomas
Mason. Princeton University Press. So. 1
know of no other book in which one can so con-
veniently arrive at understanding of Mr.
Justice Brandeis' social philosophy and his
greatness as judge.