Cooperation to control the market.. Destruction of commodities to hold up prices. Further legislation to control the trusts.. Inadequacy of the antitrust legislation....... The control of the public utilities.. Common features of utilities and pure-food laws.. Desirable to extend the principle of regulation. The Federal Trade Commission.... The orthodox economic position held by great majority. Radical nature of government by commission..... Public has faith in supply and demand and competition. Little gain from dissolution of trusts... Supply and demand and competition very important.. CHAPTER II. THE ECONOMIC EFFECTS OF THE World War.. The immediate effects of the declaration of war in 1914. The subsequent economic effects of the war... 381559 CHAPTER II. The Economic Effects of the World War-Continued. The production, exportation, and prices of commodities-Continued. NOTE. The Food Administration assumes no responsibility for any opinions on the economic questions expressed in this pamphlet. 8181-71-8) Us. Food aduin. 5 INTRODUCTION. It is the purpose of this outline of lectures upon Conservation and Regulation in the United States During the World War to put the present special conservation movements, illustrated by food conservation and fuel conservation and the movement for governmental regulation, into logical relation with the general conservation movement and the principles of economics. It is planned that the lectures be given in the higher educational institutions of the United States, including universities, colleges, technical schools, and normal schools. It is hoped by the Food Administration that the lectures may be given in all the higher educational institutions in the country. It is planned subsequently to furnish outlines for the higher educational institutions on special subjects, as follows: (1) Food production, (2) Food conservation, (3) Fuel conservation, (4) Metal conservation. The second of the series, that on food conservation, has already been prepared and published by the Food Administration. It is hoped that these specialized courses of lectures, to be prepared by experts, will be given in the institutions to which they are adapted. Thus, the courses upon food production should be given in all the agricultural colleges, the courses upon food conservation in all colleges in which there are women, the courses upon fuel conservation and metal conservation in all technical schools. The outline presented herewith has been prepared for the staffs of the higher educational institutions, not for the students. It assumes a knowledge of the economic background. There is no pretense to develop fully the topics under the various headings. On the contrary, the purpose has been to condense the material to the smallest possible space, thus making the outline suggestive of the ground to be covered rather than fully to cover it. If a professor in any institution so desires, he may expand the material under almost any of the important headings into a full lecture. Or, on the other hand, the outlines of the lectures may be followed somewhat closely, in which case the course may be given in six or eight lectures. The subject covered by the lectures is in flux. Scarcely a day passes but some new aspect of it appears. By the time the lectures are given some of the material will not be up to date; but it seems best to print the outline at once in order that copies may be sent to the men who are to give the lectures before the opening of the autumn semester. The lecturer himself may insert the more recent available |