TABLE OF CONTENTS PAGE 1 W. W. Stewart The Core of the Railroad Problem, by Logan G. McPherson... 108 425763 168 The Teaching of Elementary Economics. Marketing-The Chain Store Grocer The Relation between Economics and Ethics.. Minutes of Business Meetings Report of the Secretary Report of the Treasurer Report of the Auditing Committee Report of the Editor of the American Economic Review... 177 186 192 202 207 ... 211 214 216 TUESDAY, December 27 2:00 P. M. FIRST SESSION MEETING General Topic: THE BUSINESS CYCLE Paper: THE CRISIS OF 1920 IN THE UNITED STATES: A QUANTITATIVE Warren M. Persons, Harvard University Paper: THE CRISIS OF 1920 AND THE PROBLEM OF CONTROLLING Wesley C. Mitchell, New School for Social Research, New York N. I. Stone, Rochester, N. Y. W. C. Schluter, Wharton School, University of Pennsylvania 5:00 P. M. MEETING OF THE EXECUTIVE COMMITTEE 8:00 P. M. SECOND SESSION (Joint meeting with the American Statistical Association) PRESIDENTS' ADDRESSES 1. STATISTICS IN THE SERVICE OF ECONOMICS Carroll W. Doten, American Statistical Association1 2. THE ECONOMIST'S SPIRAL Jacob H. Hollander, American Economic Association' 10:00 P. M. SMOKER, at the William Penn Hotel, tendered by the University of Pittsburgh and the Carnegie Institute of Technology WEDNESDAY, December 28 9:00 A. M. BUSINESS MEETING (See report on page 202.) 10:30 A. M. THIRD SESSION General Topic: THE LABOR PROBLEM Paper: THE PRESENT POSITION OF AMERICAN TRADE UNIONISM Paper: CONSTITUTIONAL GOVERNMENT IN AMERICAN INDUSTRIES Discussion: D. A. McCabe, Princeton University M. B. Hammond, Ohio State University F. S. Deibler, Northwestern University Noel Sargent, National Association of Manufacturers, New York 12:30 P. M. SUBSCRIPTION BUFFET LUNCHEON, at the William Penn Hotel 2:00 P. M. FOURTH SESSION Paper: THE NATION'S FINANCES E. R. A. Seligman, Columbia University 'Printed in the Publications of the American Statistical Association 'Printed in the AMERICAN ECONOMIC REVIEW, March, 1922 John E. Rovensky, Vice President, National Bank of Commerce, Alvin W. Krech, President, Equitable Trust Company, New York J. T. Holdsworth, Vice President, Bank of Pittsburgh, Pitts- E. L. Bogart, University of Illinois 4:30 P. M. ROUND TABLE CONFERENCES 1. On THE TEACHING OF ELEMENTARY ECONOMICS Chairman, E. L. Bogart, University of Illinois H. L. Lutz, Oberlin College Harry T. Collings, University of Pittsburgh C. O. Ruggles, Ohio State University Edmund E. Day, Harvard University 2. On MARKETING Chairman, L. D. H. Weld, Swift & Co., Chicago, Ill. Opening Paper: "The Chain Store Grocer" Alfred H. Beckmann, Secretary National Chain Store General discussion 3. On ECONOMIC THEORY: "The Relations between Economics and Ethics" Chairman, Frank H. Knight, State University of Iowa Discussion: A. B. Wolfe, University of Texas H. G. Hayes, Iowa State University G. A. Kleene, Trinity College Jacob Viner, University of Chicago W. I. King, National Bureau of Economic Research 8:00 P. M. FIFTH SESSION General Topic: THE RAILROADS Paper: THE RAILROAD SITUATION Walker D. Hines, formerly Director General of the Railroads Paper: THE CORE OF THE RAILROAD PROBLEM Logan G. McPherson, formerly Director of the Bureau of Railway Economics Discussion: A. M. Sakolski, New York University M. O. Lorenz, Interstate Commerce Commission, Bureau of Statistics Julius H. Parmelee, Bureau of Railway Economics THURSDAY, December 29 10:00 A. M. SIXTH SESSION (Joint meeting with the American Statistical Association and the American Association for Labor Legislation) General Topic: INDUSTRIAL ACCIDENTS Paper: THE PRESENT STATUS OF WORKMEN'S COMPENSATION IN THE E. H. Downey, Penna. State Department of Insurance, Harris- |