IMPORTANT WORK ON TARIFF

"Some Aspects of the Tariff Question" is the title of a book by Professor F. W. Taussig '79, Henry Lee Professor of Economics, which is now in preparation at the University Press, and will be issued at an early date. This book is, in the opinion of able economists, the most important work on international trade by an American scholar. The subject has really not been treated in any new light since the time of John Stuart Mill, and a study such as this has been long awaited by students of the subject. The author is a great authority on the question, and his book is one of the most important which the University Press has yet published. It is one of the series of "Economic Studies," published under the Economics Department. Other important works in this series are now on the presses.

Analysis of Contents.

Professor Taussig's book begins with some introductory chapters on questions of principle, particularly with reference to the doctrines of protection of young industries. It then proceeds to a detailed examination of the history of the present condition of certain important industries. Sugar is the first of these considered. The treatment starts with a discussion of sugar production, and of the domestic cane and beet resources. The sugar refining industry is next taken up, and finally is considered the Sugar Trust. Iron and steel come next, and successive chapters on this industry deal with the general progress of the industries, with the steel rail situation, tin plate, imports and exports in general, and with the influence of the United States Steel Corporation. The concluding chapters of the volume take up the textile industries, silks, cottons, and woolens. As an introduction to the consideration of the last-named, there is a chapter on the raw material, and the effect of the duties which were maintained up to its free admission under the tariff of 1913.

This book should not be confused in any way with Professor Taussig's "Tariff History of the United States." This latter deals chiefly with the history of legislation, while the new book considers the economic consequences of tariff duties.