Economics Volume II: Modern Economic Problems

By Frank Albert Fetter

Politico-economic problems. 2. American economic problems in

the past. 3. Present-day problems: main subjects. 4. Attempts

to summarize the nation's wealth. 5. Average wealth and the problem of

distribution. 6. Changes in the price-standard. 7. A sum of capital,

not of wealth. 8. Sources of food supply. 9. The sources of heat, light,

and power. 10. Transportation agencies. 11. Raw materials for clothing,

shelter, machinery, etc.

1. #Politico-economic problems.# The word "problem" is often on our

tongues. Life itself is and always has been a problem. In every time and

place in the world there have been questions of industrial policy that chal-

lenged men for an answer, and new and puzzling social problems that called

for a solution. And yet, when institutions, beliefs, and industrial processes

were changing slowly from one generation to another and men's lives were

ruled by tradition, authority, and custom, few problems of social organiza-

tion forced themselves upon attention, and the immediate struggle for exis-

tence absorbed the energies and the interests of men. But our time of rapidSome human problems are for the individual to solve, as, whether it is better

to go to school or to go to work, to choose this occupation or that, to emi-

grate or to stay at home. Other problems of wider bearing concern the whole

family group; others, still wider, concern the local community, the state, or

the nation. In each of these there are more or less mingled economic, politi-

cal and ethical aspects. Economics in the broad sense includes the problems

of individual economy, of domestic economy, of corporate economy, and of

national economy. In this volume, however, we are to approach the subject

from the public point of view, to consider primarily the problems of "po-

litical economy," considering the private, domestic, and corporate problems

only insomuch as they are connected with those of the nation or of the com-

munity as a whole. Our field comprises the problems of national wealth and

of communal welfare.

What then are our politico-economic problems in America? They are prob-

lems that are economic in nature because they concern the way that wealth

shall be used and that citizens are enabled to make a living; but that are like-

wise political, because they can be solved only collectively by political action.

2. #American economic problems in the past.# With the first settlements

of colonists on this continent politico-economic problems appeared. Take,

for example, the land policy. Each group of colonists and each proprietary

landholder had to adopt some method of land tenure whether by free grant

or by sale of separate holdings or by leasing to settlers. In one way and an-

other these questions were answered, but rapidly changing conditions soon

forced upon men the reconsideration of the problem as the old solution

• Format: Paperback
• Language: English
• ISBN: B0HG39CRK4
• ISBN13: 9798240828003
• Release Date: August 2026
• Publisher: Nishelle Books
• Length: 476 Pages
• Weight: 1.39 lbs.
• Dimensions: 9.0" x 1.0" x 6.0"