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SOCIAL SCIENCE TEXT-BOOKS
EDITED BY RICHARD T. ELY
OUTLINES OF ECONOMICS (Fourth Edition)
By RICHARD T. ELY, PH.D., LL.D. Revised and enlarged by the AUTHOR and THOMAS S. ADAMS, Ph.D.,
Max O. LORENZ, Ph.D., ALLYN A. YOUNG, PH.D. OUTLINES OF SOCIOLOGY (Revised Edition)
By FRANK W. BLACKMAR, PH.D., and JOHN LEWIS
GILLIN, PH.D. HISTORY OF ECONOMIC THOUGHT (Revised
Edition) By LEWIS H. HANEY, PH.D. BUSINESS ORGANIZATION AND COMBINATION
By LEWIS H. HANEY, PH.D. PROBLEMS OF CHILD WELFARE
By GEORGE B. MANGOLD, PH.D. SOCIAL PROBLEMS
By EZRA T. TOWNE, PH.D.
By JESSE MACY, LL.D., and JOHN W. GANNAWAY, M.A. AMERICAN MUNICIPAL PROGRESS
By CHARLES ZUEBLIN APPLIED EUGENICS
By PAUL POPENOE and ROSWELL S. JOHNSON, M.S. AGRICULTURAL ECONOMICS
By HENRY C. TAYLOR, M.S.AGR., Ph.D.
By Don D. LESCOHIER, PH.D.
By THEODORE MACKLIN, PH.D.
By SELIG PERLMAN, PH.D. INTERNATIONAL COMMERCIAL POLICIES
By GEORGE M. FISK, Ph.D., and PAUL S. PEIRCE, PH.D.
WITH SPECIAL REFERENCE TO THE
GEORGE MYGATT FISK, Ph.D.
LATE PROFESSOR OF COMMERCE
UNIVERSITY OF ILLINOIS
PAUL SKEELS PEIRCE, PH.D.
PROFESSOR OF ECONOMICS
THE MACMILLAN COMPANY
All rights reserved
THE present volume is based on Fisk's International Commercial Policies which was published in 1907. That book proved very serviceable; but changes in conditions, legislation, and agencies since its appearance have been so extraordinary and present-day interest in the subject is so great, that a thorough revision has seemed highly desirable. Owing to the untimely death of Professor Fisk, such revision has fallen to the hands of another.
The primary aim has been to bring the discussion down to date. The general plan and scope of the original have been retained; but some changes have been made both in emphasis and in arrangement of material, and many chapters have been entirely rewritten.
Among modifications to which attention may be called are: the outline of American tariff legislation during the past sixteen years, together with a brief summary of post-war tendencies in Europe (Chapter IV); and the more extended treatment of export duties (Chapter V), trade prohibitions (Chapter VI), bases of valuation and weight, media of payment, discriminatory duties, dumping regulations, retaliatory duties, and preferential duties (Chapter VII), tariff systems and tariff commissions (Chapter VIII), free ports (Chapter X), commercial treaties (Chapters XI-XII), trade promoting institutions (Chapters XIII-XVI), and merchant marine policies (Chapter XVIII). Bibliographies and suggestive topics and questions at the ends of chapters have been revised, and some of those appended to the earlier chapters have been framed to invite further study of underlying principles of international trade.