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268 WORLD-CRISIS: ['IDUSTRIAL REVOLUTIONS economic life. SOme sort of disproportion or maladjustment and want of balance is the most natural feature of every economic conjuncture, dynamic as it is at all moments. The want of economic harmony may manifest itself in the relation between production and consumption. Secondly, the maldjustment between currency-credit
WORLD~CRISIS : INDUSTRIAL REVOLUTIONS 269 likely to disappear in the near future with. what we custo~ marily know as business recovery. But certain features have come to stay and are likely to liquidate themselves only in the general process of the world's .economic evolu~ tion. This is to be a "long run" phenomenon which is perhaps to be counted in terms of half a generation, a generation or so. lt should appear that we are to~day witnessing the transformation of the world's economic and social struc~ ture on a monumental scale and its transition to the next . stage or-epoch of its possibilities. The processes involved are really so many items constituting the final consum~ mation of what may be called the "Second Industrial Revolution" in certain regions and of the "First Indus~ trial Revolution" in others. The present CrISIS represents altogether a step in the mobilisation of the world from a lower to a comparatively higher standard of living and the promotion of a higher purchasing · capacity of the peoples. Mankind is being keyed up to an elevated plane of efficiency and culture. A question arises at once automatically as follows: Is it not rather paradoxical to connect natio.!!wide unem~ ployment~crisis with an epochal lift of millions in the standard of living and efficiency? The ariswer should be "--Perhaps yes, but yet not unreasonably." It is necessary to analyse the unemployment situation minutely. Several factors have contributed to the con~ · temporary volumes of unemployment. It is important · to recall that during the Gr~at War many jobs were for the first time created for thousands and hundreds of thousands of men and women such as had no employ~ ment in the modem trade union sense previous to 1914.
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Dhananjayarao Gadgil Library . 1111
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PREFACE These studies in applied ec
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The material for these studies in w
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vii The material for these studies
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of economic theory and history to t
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Preface CONTENTS Principles of Cont
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CHART I The Three Equations of Comp
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2 PRINCIPLES OF CONTROL OVER Accord
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4 PRINCIPLES OF CONTROL OVER office
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6 PRINCIPLES OF CONTROL OVER Privat
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8 PRINCIPLES OF CONTROL OVER consis
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10 'PRINCIPLES OF CONlROL OVER to m
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12 PRINCIPAL OF CONTROL. OVER and b
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14 PRI;..JCWLES OF CONTROL qVER The
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16 PRINCIPLES OF CONTROL OVER :are
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'.. I~. [>RINCIPLES OF CONTROL. OVE
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o 20 PRI~CIPLES . OF COXIROL OVER w
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u'Ll:;300:000' 'Iewasfur·
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The Re-piaking of the Reicbsbank an
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.fQ:ndioning, first and foremost, I
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28 THE RE~MAKING OF THE REICH5BANK
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3'0. THE RE~MAKING .OF THE REICHSBA
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32 THE RE-MAKING .oF THE REICHSBANK
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34 THE RE-MAKING OF THE REICHsBANK
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36 THE RE-MAKING OF THE REICHSBANK
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38 THE RE-MAKING OFTHEREICHSBANK Do
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40 THE RE-MAKING OF THE RElCHSBANK
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46 THE· RE-MAKING OF THE REICHSBAN
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~8 . THE RE-MAKING OF THE REICHSBAN
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50 THE RE~MAKING OF THE REICHSBANK
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56 THE RE~MAKING OF THE RElCHSBANK
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58 THE RE-MAKING OF THE RElCHSBANK
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(>2 THE RE-MAKING OF THE REICHSBANK
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64 THERE-MAKING OF THE REICHSBANK m
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66 THE RE~MAKING O~ THf: REICHSBANK
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AND THE BANQUE~DE FRANCE 67 Bills D
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CHART III Banque de France t/isat/i
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;gO THE RE~MAKING OF THE REICHSBANK
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7.2 TIlE RE-MAKING OF THE REICHSBAN
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H THE RE~MAKING 01;' THE REICHSBANK
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76 THE RE-MAKING' OF THE REICHSBANK
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78 THERE-MAKING 01;' THE,REICHSBANK
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'So THE RE-MAKING OF THE REICHSBANK
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The Bank Capitalis,m of Young Benga
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84 THE BANK CAPITALISM OF YOUNG BEN
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(1) Imports THE BANK CAPITALISM OF
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THE BANK CAPITALISM OF YOUNG BENGAL
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THE BANK C~PITALISM OF YOUNG BENGAL
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THE BANK CAPITALIsM OF YOUNG BENGAL
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CHART V Progress of "Large" Indian
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I P THE BANK CAPITALISM OF YOUNG'BE
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J,1,4 THE B~N~ CAI:'I1.:ALtSM OF YO
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-116 THE BANK CAPITALISM OF YOUNG B
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1·1 a THE BANK CAPITALISM OF YOUNG
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1 ~Q THE BANK CAPITALiSM OF YOUNG B
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122 THE BANK CAPITALISM OF YOUNC·
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124 THE BANK CAP.ITALISM OF YP1J:-.
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126 THE BANK 'CAPIT ALISM OF YOUNG
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128 THf: BANK CAPIT~ISM OF YOt:JI'I
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i1.30 THE BANK CAPITALISM OF YOUNG
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:132 THE BANK CAPITALISM OF YOUNG B
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H4 THE BANK CAPITALISM OF YOUNG BEN
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;136 THE BANK CAPITALISM OF YOUNG B
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138 THE BANK CAPITALISM OF YOUNG BE
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'~40 THE BANK CAPITALISM OF YOUNG B
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142 THE "BANK CAPITALISM OF YOUNC.
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-.144 . THE BANK CAPITALISM OF YOUN
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J 46 THE BANK CAPITALISM OF YOUNG B
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.148 THE BANK CAPITALISM OF YOUNG B
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;150 THE BANK CAPITALISM OF YOUNG B
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il52 THE BANK CAPITALISM OF YOUNG B
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GRoup I Name Capital and Reserve De
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11 56 THE BANK CAPITALISM OF YOUNG
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;1 58 THE BANK CAPITALISM OF YOUNG
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160 THE BANK CAPITALISM OF YOIDIG B
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01'62 THE BANK CAPITALISM OF. YOUNG
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':16:4 THE BANK CAPITALISM OF YOUNG
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166 THE BANK CAPITALISM OF· YOUNG
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168 THE RAILWAY INDUSTRY AND COMMER
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HU11-IE RAILWAY INDUSTRY AND COMMER
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172 THE RAILWAY INDUSTHY .. At'/D C
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176 tHE RAILWAY INI?USTRY AND COMME
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178 THE RAILWAY. INDUSTRY AND COMME
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mE RAIL VIA Y INDUSTRY AND COMMERCE
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182· THE RAILWAY INDUSTRY AND COMM
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-184 'THE RAILWAY INDUSTRY AND COMM
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192. THE. RAILWAY INDUSTRY AND COMM
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198 THE RAILWAY 'INDUSTRY AND COMME
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200 THE RAILWAY INDt,1STRY AND COMM
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206. THE RAIL WA Y INDUSTRY AND COM
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214 THE RAILWAY INDUSTRY ~\NU \,;UM
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.216 THE RAILWAY IND~STRY AND COMME
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Page 241 and 242: THE RAILWAY INDUSTRY AND COMM:ERCE
Page 243 and 244: Traces of Rationalization in Indian
Page 245 and 246: RATIONALIZATION IN INDIAN BUSINESS
Page 249 and 250: RATIO:'-lALlZATION IN INDIAN BUSINE
Page 251 and 252: RATIQ'lAUZATlONIN INDIAN BUSINESS E
Page 253 and 254: R~TIONALIZATION IN INDiAN BUSINESS
Page 255 and 256: RATIO:'IIAU,ZATION IN INDIAN BUSINI
Page 257 and 258: RATIO~ALlZATION IN INDIA~ BUSINESS
Page 259 and 260: RATl~AUZAl'ION IN 4NDlAN BUSINESS E
Page 261 and 262: RATIO:-.lALIZATION IN INDIAN BUSINE
Page 263 and 264: RATIONALIZATION IN INDIAN BUSiNESS
Page 267 and 268: RATIONALIZATION ININDIAS BUSINESS E
Page 273 and 274: RATIONALIZATION IN INDIAN BtJSINESS
Page 281 and 282: RATIO:'lllALIZATION IN INDIAN BUSL"
Page 283 and 284: Tbe World-Crisis in its Bearings on
Page 285 and 286: WORLD-CRISIS: INDUSTRIAL REVOLUTION
Page 289: WORLD..
Page 293 and 294: CHART VII Post-war expansion of tra
Page 295 and 296: 272 WORLD~CRISIS: INDUSTRIAL REVOLU
Page 297 and 298: 274 WORLD-CRISIS: INDUSTRIAL ~EVOLU
Page 299 and 300: 276 W::RLD-c..~SIS: K'IIJt]STRIAL R
Page 304 and 305: WORLD-CRISIS: INDUSTRIAL REYOLUTION
Page 306: CHART IX Vage and Cost of Living In
Page 309 and 310: 282 WORLD~CRISIS: INDUSTRIAL REVOLU
Page 311 and 312: 284 WQRLD~CR'ISIS: DIDUSTRIAL REVOL
Page 313 and 314: 286 WORLD~CRISIS : INDUSTRIAL REVOL
Page 317 and 318: 290 WORLD.CRISIS: INDUSTRIAL REVOLU
Page 319 and 320: 292 WORLD-CRISIS: INDUSTRIAL REVOLU
Page 321 and 322: 294 WORLD~CRISIS : [\lDUSTRIAL REVO
Page 325 and 326: 298 WORLD-CRISIS: INDUSTRIAL REVOLU
Page 327 and 328: 00 WORLD~CRISIS· : INDUSTRIAL REVO
Page 329 and 330: INDE:4 Absolute figures in internat
Page 331 and 332: INDEX 305 Financial rationalization
Page 333 and 334: INDEX 307 Poverty as world phenomen
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