Leon C. Marshall

economic organization,[1] business administration,[2] curriculum-making in the social studies[3] and the divorce court, as well as his involvement in the Bohemian Grove.

[8] Leon Ardzrooni, known as "Veblen's most faithful disciple",[9] reviewed the book for Political Science Quarterly, and introduced the work as follows: As indicated in the subtitle of this formidable volume, the author has brought together a large array of descriptive material for " a study in the structure and functioning of economic organization."

Among a considerable number of students in the social sciences the feeling has been growing that economics, as studied in our colleges and universities, lacks the substance and security which is often obtained in other fields of intellectual endeavor by a happy coordination of historical perspective and speculative logomachy.

The present one is a creditable addition to this goodly list in the publication of which the University of Chicago Press has taken a leading part.

[10]Clarence Edwin Ayres explicitly regarded "Marshall's book as a contribution to the institutional type of economics.

The functions, the uses, the work, of banks, of business organization, of competition, of specialization, of government, of scientific management, of education, and of other multitudinous agencies which together make up our want-gratifying machine, are the matters with which the book is concerned.

They see glaring faults of economy and justice, and take decided exception to the proposition that the present economic organization is adapted to its purpose.

The aim was to start the student in elementary economics with a study of our want gratifying machine, to show him how this machine has come to be, and how it serves its purpose in apportioning our social resources, viz: labor power, capital, acquired knowledge and natural resources to the production and sale of goods.

Those who have taught elementary economics will appreciate the difficulty of interesting and holding the students when they are plunged at the outset into the midst of the complexities of utility, value, and prices.

[11] The topics discussed in the book are in the main those of Professor Marshall's more pretentious work Readings in Industrial Society.

[11] A 1921 review of this work by Goodhue,[11] states that: ... it is clear that what should be included, what should be excluded, where the emphasis should be placed is largely a matter of choice, and is somewhat dependent upon the purpose the authors have in mind.

It may be a source of disappointment to certain readers that the authors have done little more than to suggest or imply at some points in their discussion the motive forces of organization.

The practical questions at the end of each chapter are helpful and suggestive, and add a good deal to the teachable qualities of the book.

Title page, 1918/20.
Title page, 1921
Diagram of want-gratifying goods.
Different forms of Wealth in 1912.
Diagram of gratifying wants, 1921