Page:Indian Journal of Economics Volume 2.djvu/309

 REVIEWS OF BOOKS ENGLISH Britgsh lnco.s ad Property by J. C. STAMP ]. So., (Publica- tions o{ the London School of Economics) London: P.S. KN( & So. 1916. Price 12s. 6d. Tills connected author one o[ the series of .moaograplts by writers wth the Loudou School of Ecoaomcs. The hs preface says "I have uot attempted to make the book ' reasonable' n the ord[uary sense, but to pro- vide a work useful for reference. Tle British Income Tax returns form the bases of the study. It is pomated out that these returns are the by product of a system of taxation wth the object "of raising reveuae wth the maximum financial result and wth mumum of nconvenouce, evasion and expense." Such a system o1 taxatou has uot gven a body of statistics which ate consistent sequeuces and comparable over a number of years. A cltauge ht law or a new method of assessment makes a break ia the sequeuce, although the figures may appear uitder the same tabular head n the pubHshet official returns. Ths every nvestigator knows and Ire w11 thank Hr. Stamp vho las studd these legal and admnstratve changes for the tables n vhch he gves consistent sequences under the various schedules. These figures can he used wth more conldeno n economic nvestigatons in which Brtish Iucomes are required. Part II gves some application o! these statistics u the study of the national ncome, ts distribution, capital and the taxable capacity of Ireland. merous tables, appendees and references. the national There are nu- T. T. WILLIAMS