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 A PROGRAMME FOR SOCIAL STUDY 253

TWENTY-FIRST MEETING.

General topic : Public Control of Natural Monopolies. References :

Adams, Relation of the State to Industrial Action (American Economic

Association, Vol. I).

A painstaking attempt to draw the line between wise and unwise

government interference. Baker, Monopolies and the People (New York, Putnam, 1890).

A discussion of all classes of monopolies, with practical suggestions

as to their control. Ely, Socialism and Social Reform, pt. iv.

Argument in favor of socialization or government ownership and

control. George, Progress and Poverty, bk. VII.

Ably presents claims of every individual to a share of the land. Mill, Principles of Political Economy, bk. iv, ch. 7; bk. v, ch. 1 1.

Discusses general question of the advisability and justice of the

extension of governmental action. Rae, Contemporary Socialism (New York, Scribners, 1891), ch. 10.

Discusses monopolies in connection with socialism. Toynbee, Industrial Revolution (London, Longmans, 1890), pp. 1-27.

Asserts that the government may do whatevever it can do best.

Special Report on the Local Postal System. (For suggestions see above.)

General discussion, topic : Should the Government own the Railways ? References :

Bastable, Public Finance, bk. ii, ch. 3.

A comparative study from the financial point of view, with conclu- sions opposed to government ownership. Bonham, Railway Secrecy and Trusts (New York, Putnam, 1890).

Negative conclusion. Cohn, Railway Policy of Prussia {Journal of Political Economy, March

1893).

History of Prussian state management, with conclusion favorable to

its continuance.

Hadley, Railroad Transportation (New York, Putnam, 1890).

Comparative study of railroad systems of leading nations, with con- clusion against state ownership.

Hole, National Railways (London, Cassell, 1893).

Examination of railways of Great Britain especially, with conclu- sion in favor of government ownership.