Includes index.

Confusion of communism with labor unionism / Selig Perlman -- Nachwort / Selig Perlman -- The evolution of industrial society and of public control, 1919 / Richard T. Ely, Selig Perlman -- Perlman : evolution of industry and of public control -- The agrarian revolution in the XVI century -- Town economy and municipal polity : the merchant gild -- Town economy and municipal polity : the system complete -- The transition from the gilds to the merchant capitalist or domestic system : the woollen industry -- National control : the strong monarchy -- The agrarian revolution in the XVIII century -- The industrial revolution and its social and economic effects -- The philosophy of laissez-faire and the laissez-faire state -- Tendencies in modern capitalism -- Checks on capitalism : the progressive state -- The trade union check on capitalism and the trend toward a democratic control of industry -- Summary of the Marxian system of thought and a critique / S. Perlman -- Preface / Toshihiro Tanaka -- John R. Commons's the definition of price / Steven G. Medema, Warren J. Samuels -- The definition of price / John R. Commons -- The correspondence of John Bates Clark written to Franklin Henry Giddings, 1886-1930 : introduction / Warren J. Samuels -- John R. Commons's examination questions / Warren J. Samuels / Correspondence of John R. Commons to R. E. Moody, 1941 -- Richard A. Gonce, Warren J. Samuels -- John R. Commons, draft of preface to the economics of collective action -- The correspondence of John Bates Clark written to Franklin Henry Giddings, 1886-1930 / John B. Clark -- Introductory essay to the correspondence : the development of John Bates Clark's economic thought and Franklin Henry Giddings / Toshihiro Tanaka.

This newly discovered correspondence from Clark to Giddings covers the entire period from their first acquaintance in 1886 to Giddings' death in 1931. However, the vast majority of nearly 280 letters and notes is concentrated within the years 1886-1895 when the most important development of Clark's economic thought as a theoretical economist was accomplished. During this period Clark achieved the formation of his marginal productivity theory of distribution, and a new theory of capital and interest in particular. This also represents one of the most epoch-making periods of the marginal revolution in the United States, in which Clark was playing a leading role. In this period American modern economics began to be established in the history of economic thought.

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