Columbia University FACULTY OF POLITICAL SCIENCE =Nicholas Murray Butler=, LL.D., President. =J. W. Burgess=, LL.D., Professor of Political Science and Constitutional Law. =Munroe Smith=, LL.D,, Professor of Comparative Jurisprudence. =F. J. Goodnow=, LL. D., Professor of Administrative Law. =E. R. A. Seligman=, LL.D., Professor of Political Economy and Finance. =H. L. Osgood=, Ph.D., Professor of History. =Wm. A. Dunning=, LL.D., Professor of History. =J. B. Moore=, LL.D., Professor of International Law. =F. H. Giddings=, LL.D., Professor of Sociology. =J. B. Clark=, LL.D., Professor of Political Economy. =J. H. Robinson=, Ph.D., Professor of History. =W. M. Sloane=, L.H.D., Professor of History. =H. R. Seager=, Ph.D., Adjunct Professor of Political Economy. =H. L. Moore=, Ph.D., Adjunct Professor of Political Economy. =W. R. Shepherd=, Ph.D., Instructor in History. =A. S. Johnson=, Ph.D., Instructor in Economics. =H. A. Cushing=, Ph.D., Lecturer in History. =J. T. Shotwell=, Ph.D., Lecturer in History. =G. W. Botsford=, Ph.D., Lecturer in History. =G. J. Bayles=, Ph.D., Lecturer in Sociology. =V. G. Simkhovitch=, Ph.D., Lecturer on History. =C. A. Beard=, Ph.D., Lecturer in History. SCHEME OF INSTRUCTION GROUP I. HISTORY AND POLITICAL PHILOSOPHY. Subject A. European History, sixteen courses. Subject B. American History, nine courses. Subject C. Political Philosophy, three courses. Subject D. Ancient History, seven courses. GROUP II. PUBLIC LAW AND COMPARATIVE JURISPRUDENCE. Subject A. Constitutional Law, four courses. Subject B. International Law, four courses. Subject C. Administrative Law, seven courses. Subject D. Roman Law and Comparative Jurisprudence, seven courses. GROUP III. ECONOMICS AND SOCIAL SCIENCE. Subject A. Political Economy and Finance, fifteen courses. Subject B. Sociology and Statistics, ten courses. Most of the courses consist chiefly of lectures; a smaller number take the form of research under the direction of a professor. In each subject is held at least one seminar for the training of candidates for the higher degrees. The degrees of =A.M.= and =Ph.D.= are given to students who fulfil the requirements prescribed by the University Council. (For particulars, see Columbia University Bulletins of Information, Faculty of Political Science.) Any person not a candidate for a degree may attend any of the courses at any time by payment of a proportional fee. University fellowships of $650 each, and University scholarships of $150 each are awarded to applicants who give evidence of special fitness to pursue advanced studies. Several prizes of from $50 to $250 are awarded. The library contains about 370,000 volumes, and students have access to other great collections in the city. 2 HISTORY AND CRITICISM OF THE LABOR THEORY OF VALUE STUDIES IN HISTORY, ECONOMICS AND PUBLIC LAW