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Cover of Collected Works of Edwin Cannan

Collected Works of Edwin Cannan

  • Published: 1997
  • DOI: 10.4324/9780415152198
  • Set ISBN: 9780415152198

Edwin Cannan, prodigious author and scholar whose name is inextricably linked with two great economic institutions, Adam Smith and the London School of Economics (LSE), probably had his greatest success as a professor. He nurtured a generation of scholars, teachers and writers at the LSE during his three decades as a dominant figure in economics there, from when the school opened in 1895 until the spring term of 1926 when he retired.

Cannan was almost solely responsible for the gradual change of direction of the economic thought of the LSE from Marshallian economics to classical liberalism. For this he was very much admired; at his death the student paper wrote: 'His influence was truly remarkable. To the outside world, and to his students, whether specialists in economics or not, he typified the School'. Among other accomplishments throughout his life, Cannan contributed twenty-five entries to the original Palgrave's Dictionary of Poitical Economy and between 1895 and 1935 had sixty book reviews published in The Economic Journal.

This collection brings together Cannon's major contributions to the theory of distribution, quantity theory and the definition of "Classical Economics" as well as touching on his life at a more personal level in the articles and reminiscences written by scholars and friends.

Set Contents

Life and Work: Introduction, Youth and Background, Early Academic Work, Marshall, Smith, and Taxation, The London School of Economics and Wealth, Monetary Theory and The Gold Standard, Classical Liberal Doyen, Epilogue—Cannan, Robbins, and Lse, Bibliographical Note, Book Reviews: A History Of The Theories Of Production And Distribution In English Political Economy From I776 To 1848: Journal Of Political Economy (Dec, 1893), Economic Journal (Dec, 1903), The History Of The Local Rates In England: Economic Journal (Sept., 1896), Economic Journal (Sept., 1912), American Economic Review (March, 1913), Adam Smith’S Lectures On Justice, Police, Revenue, And Arms: Economic Journal (1896), The Wealth Of Nations (Cannan Edition): Economic Journal (Dec, 1904), Journal Of Political Economy (Dec., 1904), The Economic Outlook: Economic Journal (Dec, 1912), Journal Of Political Economy (July, 1913), Wealth: A Brief Explanation Of The Causes Of Economic Welfare: Economic Journal (June, 1914), American Economic Review (Sept., 1914), Journal Of Political Economy (July, 1915), Money: Its Connexion With Rising And Falling Prices: American Economic Review (March, 1919), Economic Journal (June, 1919), Economic Journal (March, 1924), Economic Journal (Dec, 1927), An Economist’S Protest: American Economic Review (Sept., 1928), Economica (Dec, 1928), Zeitschrift Füe Nationalökonomie (Nov., 1929), A Review Of Economic Theory: Economic Journal (Sept., 1929), American Economic Review (March, 1930), Economica (March, 1930), Journal Of Political Economy (June, 1930), Modern Currency and The Regulation of its Value: Economic Journal (Dec, 1931), American Economic Review (March, 1932), Economica (May, 1932), Economic Scares: Journal Of Political Economy (Oct., 1933), Economica (August, 1933), Economic Journal (Sept., 1933), Articles and Reminiscences“The Principle of Land Value Taxation,” Economic Journal (March 1912), “A Comment On Professor Cannan’s Article,” Economic Journal, Some Aspects Of The Inequality Of Incomes In Modern Communities (1920), “Professor Cannan’s General Contribution,” London Essays in Economics in Honour of Edwin Cannan (1927), “Professor Cannan And Contemporary Monetary Theory,” London Essays In Economics In Honour Of Edwin Cannan (1927), “Edwin Cannan: Obituary,” Economic Journal (June, 1935), “A Student’S Recollections Of Edwin Cannan,” Economic Journal (June, 1935), “Edwin Cannan: A Personal Impression,” Economica (Nov., 1935), “Edwin Cannan: The Tribute of A Friend,” Economic Record (June, 1937), “Edwin Cannan (1861–1935), The Clare Market Review” (Summer Term, 1935), Addendum: May, 1935 Economica Obituary Notice

View Volume I Contents

Elementary Political Economy, Introduction, General Material Welfare., Individual Welfare Under Private Property., The Promotion of Material Welfare by the State., Index, The History of Local Rates in England, Ancient Non-Statutory Rates to 1601, Miscellaneous Statutory Rates to 1640, Poor-Law Rates to 1601, The Poor-Rate Since 1601, Assimilation of other Rates to the Poor-Rate, The Local Ratepayer Against the National Taxpayer, The Equity of Local Rates, The Economy of Local Rates, Index

View Volume II Contents

The Wealth of a Nation, The Idea of Production, The First Requisite of Production—Labour, The Second Requisite of Production—Capital, The Third Requisite of Production—Land, The Idea of Distribution, Pseudo-Distribution, Distribution Proper, General Review: Politics and Economics

View Volume III Contents

Introduction, Economics and Socialism 1, Ricardo in Parliament 1, The Stigma of Pauperism 1, Ought Municipal Enterprises to be Allowed to Yield a Profit? 1, The Practical Utility of Economic Science. 1, Colonial Preference 1, The Division of Income 1, Must A Poor Law Pauperise?1, The Economic Ideal and its Application to Countries or Nations 1, The Incompatibility of Socialism and Nationalism 1, Equity and Economy in the Remuneration of Labour 1

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The Fundamental Conditions of Wealth, Co-Operation, or Combination and Division of Labour, Population, The Social Order, Money, The Controlling Power of Demand, The Control of Provision for the Future, Continuous Power to Demand, or Income, The Classification of Incomes, The Division of Income Between Owners and Workers, Incomes from Ownership of Property, Incomes from Work, The Relation Between Individual Income and Individual Wealth, Trade Between Countries, The Wealth of the Inhabitants of Different Territories

View Volume V Contents

1914: The Cosmopolitan Interest of Labour, Housing before the War, The First War Slogan: “Business as Usual!”, Labour is not a Curse Nor Even a Cost, 1915: “Hurry up Public Expenditure?”, Why Some Prices Should Rise, Strategic Jealousies Masked as Commercial, Against Coal Control, Why the Institution of Property is Maintained, Against a Subsidy for Home-Grown Wheat, Can Capital be “Realized” to Pay for Carrying on the War?, How to Get Contributions from Small Savers, How to Argue Against Ca’ Canny, Which shall we have ? Real Peace, or a Sacrifice of Everything to Preparation for the Next War?, 1916: Mercantile War to Succeed Military War?, An Apology for the Excess Profits Tax, A Labour-Saving Suggestion Politely Received, International Anarchy From the Economic Point of View, What is Wealth? Fighters and Munition-Makers?, War and Population, A Plea for Large Political Units, Trade and War. The Cause or the Cure?, What the Committee on Prices Might Have Done: And What it Did, 1917: Opening of the Campaign Against Inflation, The Influence of the War on Commercial Policy, The Causes of Discontent, History Repeats Itself, 1918: Why the War Costs so Much, Will Labour Give the Go-By to the State?, Labour Versus Capital, or Debtor Versus Creditor?, “We Had Butter: A Beneficent State has Given us Margarine”, Should National Debts be Enforced?, 1919: “The War has Made Many a Happy Home”, The Alleged Failure of Profit-Making, Currency on the Eve of the Cunliffe Limitation, An Attempt at Popular Propaganda: “Prosecute The Chancellor of the Exchequer for Profiteering !”, Letters Accompanying Presentation Copies of the Paper Pound of 1797–1821, 1920: How Additional Currency is Put on the Market, What is the True Purpose of a Rise of Bank Rate?, Schemes for Building Houses without Haying to Pay for them, Another Attempt at Popularization, Very Close Correspondence Between Currency And Price Changes Not to be Expected, The Usual and most Convenient Meaning of “Inflation”, Banks and their Depositors Not to Blame for the Inflation, A Return to Gold Easier than is Supposed, as Well as Desirable, “Things are Going Well: Lie Low and Say Nuffin’”, South Africa’s True Interest: and the Theory of Foreign Exchange, Orthodox and Other Principles for the Regulation of Wages, Better be a Bankrupt than a False Coiner, Some Fall of Prices is Desirable, 1921: The Difference Between A Bank and A Cloakroom, Fundamentals in Regard to Wealth and Taxation, Deflation Making Progress: Good Effect of Bills by Tender Instead of Bills on Tap, What the War-Bond Holder Can Justly Claim, The Deflation of 1815–21: Comparison with the Present, The Determination of the Rate of Interest, “Don’t Grouse!”, 1922: What Level of Prices should be Aimed At? And some Historical Questions, Gold for Currency or only for Standard?, Taxable Capacity: And the Burden of Debt, Cost, Rent, “Waiting” and Supply and Demand, Booms, How Much Can we Profitably Induce Germany to Pay?, “A Right Discount Policy” Ineffective Against Excessive Inconvertible Paper, 1923: Adam Smith on Twentieth-Century Finance, Professors and Protection, The Gold Mark Will be Restored, Good Money Drives Out Bad in the Long Run: But Why Not Quicker?, The Payments Which Have to be Made Determine the Balance of Trade, Are Currency Notes Arbitrarily Limited or Automatically Regulated?, Exchange Stability or Price Stability? Keynes’ Choice, 1924: Don’t Decry the Rentenmark, “Borrowing from Banks”: When Pernicious, Observations on the Present Currency Situation (Feb. 6, 1924), The Cheque Stamp Tends to Keep up the Value of Currency, Limitation of Currency or Limitation of Credit?, Recent Improvements in Monetary Theory, 1925: Déflation En Pratique Et Déflation Pour Rire, “Increased Purchasing Power” and Employment, Knapp’s Bubble, The British Gold Standard Restored, More Elementary Economics Wanted, More Mobility Wanted, 1926: A Review of 1925, Adam Smith as Economist: The Gospel op Mutual Service

View Volume VI Contents

Money, General Principles: Recognition and Measurement of Changes in the Value of Money, Bullion Money, Coined Money, Printed Paper Money, Further Elucidations, The Recent Historical Examples, Modern Currency and the Regulation of Its Value, The Currency of a Modern Country, Currency Standards, The Value of Gold-Standard Currencies, Obstacles to Improvement, Appendix on Gold Reserves, Economic Scares“An Adverse Balance of Trade” 1 1 Sidney Ball Lecture delivered at Oxford, November 13, 1931, entitled Balance of Trade Delusions., “Not Enough Work for All” 1 1 Address on “The Demand for Labour “delivered on inauguration as President of the Royal Economic Society at its annual meeting, May 26, 1932. Printed in the Economic Journal for September 1932., “Too Little Saving” 1 1 A portion of this article was used in an unreported and unprinted Barnett House lecture on the “Nature of Saving and Accumulation” in February, 1933., “Over-Population” 1 1 Presidential Address to Section F of the British Association for the Advancement of Science, 1931. Reprinted in the Economic Journal for December 1931 with the title “The Changed Outlook in regard to Population, 1831–1931.”, Appendix I

View Volume VII Contents

The Origins of Economic Theory, The Name Of Economic Theory, The Theory of Production, The Influence of Population on Produce, The Influence of Co-Operation on Produce, The Influence of Accumulation on Produce, The Theory of Value in General, The Theory of the Value of Land, The Theory of the Comparative Value of Capital and Income, The Classification and “Distribution” of Income, Incomes from Labour, Incomes From Labour, Incomes from Property, Aspirations and Tendencies

View Volume VIII Contents