EXCHANGE

CONTENTS

No. 1. An economic analysis of the constitutional restrictions

upon public indebtedness in the United States, by

Horace Secrist.

No. 2. The valuation of urban realty for purposes of taxation,

by Willford Isbell King.

No. 3. The singletax and the labor movement, by Peter Alex-

ander Speek

PAGE

133

247

NO. 637

ECONOMICS AND POLITICAL SCIENCE SERIES, VOL. 8, No. 1, PP. 1-132

AN ECONOMIC ANALYSIS OF THE CONSTITUTIONAL
RESTRICTIONS UPON PUBLIC INDEBTEDNESS
IN THE UNITED STATES

BY

HORACE SECRIST, PH. D.

Assistant Professor of Economics

Northwestern University

Sometime Instructor in Political Economy
The University of Wisconsin

A THESIS SUBMITTED FOR THE DEGREE OF DOCTOR OF PHILOSOPHY
THE UNIVERSITY OF WISCONSIN