This book is a critical analysis of American economic thought in the early 20th century. John Hopkins Universities Studies analyzes the most influential economic theories of the time, from the classical economists to the emerging Keynesian school of thought. It is a thought-provoking look at the evolution of American economic theory and its impact on the country's economic policies. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.