LEADING BUSINESS THOUGHT

Events of the past few weeks in the financial world should make the annual meeting of the Harvard Economic Society this week of particular interest. Half-backed comments on the stock market situation have been uttered on every side; constructive analyses by those best qualified have been uttered on every side; constructive analyses by those best qualified have been few and far between. While the list of subjects announced does not specifically include the stock market, there will be discussion of the outlook for various key industries as well as for business in general.

The Harvard Economic Society, started ten years ago as the Committee on Economic Research, has come to occupy a significant although unobtrusive place among the university's diversified activities in the economic field. Directed by a board of trustees which brings together both professors in the Department of Economics and the Business School and representative men of affairs, the Society has done much to develop closer cooperation between the academic and the practical spheres of economic activity. Its "Review of Economic Statistics" and "Weekly Letter" enjoy a limited but ever-increasing circulation among business men who desire to have some greater comprehension of underlying conditions than is afforded by ordinary newspaper reports and articles.

The list of those who will take part in the coming meeting reflects both the importance and the purposes of the Society. A round table discussion of "The Money Market in 1929", to take only one example, can hardly fail to be stimulating and instructive under the leadership of Mr. Burgess of the New York Federal Reserve Bank. And anything that such men as Dr. Vanderblue, Professor Crum, and Colonel Ayres may have to say on the general business situation may well be of national interest.