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The American Economic Association is an organization composed of persons interested in the study of political economy or the economic phases of political and social questions. As may be seen by examining the list of members and subscribers printed in this volume, not only are all the universities and the most prominent colleges in the country represented in the Association by their teachers of political economy and related subjects, but a large number of members come from among business men, journalists, lawyers, men in public life, and others interested in the theories of political economy, or, more often, in their applications to social life. There are, further, nearly six hundred subscribers, including the most important libraries of this country. The Association has besides a growing representation in foreign countries.

The annual meetings give opportunity for social intercourse; they create and cement acquaintanceship and friendship between teachers in different institutions, and bring into touch with each other students and business men interested in the social and economic problems of the day. The meetings aim to counteract any tendency to particularism which geographical separation and diverse interests might otherwise foster. The annual meeting for 1922 will be held in Chicago, during the Christmas holidays.

The Publications of the Association, a complete list of which is printed at the end of this volume, were begun in March, 1886. The first series of eleven volumes was completed by a general index in 1897. The second series, comprising two volumes, was published in 1897-1899, and in addition thereto the Association issued during 1896-1899 four volumes of Economic Studies. In 1900 a third series of Quarterly Publications was begun with the Papers and Proceedings of the Twelfth Annual Meeting, and was continued through 1910 with ample amount and variety of matter. The Economic Bulletin, issued quarterly and devoted to bibliography and current notes, was also published by the Association during the three years, 1908, 1909, and 1910.

In 1911 the Association began publishing the American Economic Review, a quarterly journal devoted to articles on economic subjects, reviews, abstracts of articles in current journals, and a classified bibliography of economic publications. Though only in its twelfth year, it has already made a place for itself among the serious scientific journals of the country.

The American Economic Association is the organ of no party, sect, or institution. It has no creed. Persons of all shades of economic

opinion are found among its members, and widely different views are given a hearing in its annual meetings and through its publications.

With the exception of the editor of the American Economic Review, the officers of the Association receive no pay for their services. Its entire receipts are expended for the editing, printing, and circulation of the publications and for the annual meetings. Any member, therefore, may regard his annual dues either as a subscription to an economic publication, a payment for membership in a scientific association, or a contribution to a fund for publishing valuable papers on economic subjects.

ECONOMIC ASSOCIATION

(AS REVISED AT THE ANNUAL MEETING, DECEMBER, 1919)

ARTICLE I
NAME

This society shall be known as the AMERICAN ECONOMIC ASSOCIATION.

ARTICLE II
OBJECTS

1. The encouragement of economic research, especially the historical and statistical study of the actual conditions of industrial life.

2. The issue of publications on economic subjects.

3. The encouragement of perfect freedom of economic discussion. The Association as such will take no partisan attitude, nor will it commit its members to any position on practical economic questions.

ARTICLE III

MEMBERSHIP

1. Any person interested in economic inquiry may, on the nomination of a member, be enrolled in this Association by paying $5, and after the first year may continue a member by paying an annual fee of $5.

2. On payment of $100 any person may become a life member exempt from annual dues.

3. Foreign economists of distinction, not exceeding twenty-five in number, may be elected honorary members of the Association.

4. Every member is entitled to receive, as they appear, all reports and publications of the Association.

ARTICLE IV
OFFICERS

The officers of the Association shall be elected at the annual meeting and shall consist of a President, two Vice-Presidents, a Secretary, and a Treasurer, whose terms of office shall be one year; a Managing Editor whose term of office shall be three years; six members of the Editorial Board, six elected members of the Executive Committee, and three members of the Program Committee, whose term of office shall be three years, and who shall be so classed that the term of one third of the elected members of each committee shall expire each year; provided that the office of Secretary and that of Treasurer may be filled by the same person. The Executive Committee shall consist of the President, the Vice-Presidents, the Secretary, the Treasurer, the Managing Editor, the three ex-Presidents who have last held office, and six elected members.

ARTICLE V

DUTIES OF OFFICERS

1. The President of the Association shall preside at all meetings of the Association and of the Executive Committee, and in consultation with the Program Committee, shall prepare the programs for the annual meetings. In case of his disability, his duties shall devolve upon the Vice-Presidents in the order of their election, upon the Secretary, and upon the Treasurer. 2. The Secretary shall keep the records of the Association and perform such other duties as the Executive Committee may assign to him.

3. The Treasurer shall receive and have the custody of the funds of the Association, subject to the rules of the Executive Committee.

4. The Executive Committee shall have charge of the general interests of the Association in the interval between annual meetings. It may fill vacancies in the list of officers, and may adopt any rules or regulations for the conduct of its business not inconsistent with this constitution or with rules adopted at the annual meetings. It shall act as a committee on time and place of meetings and perform such other duties as the Association shall delegate to it. A quorum shall consist of five members.

5. The Editorial Board shall have charge of the publications of the Association. The Managing Editor shall be ex-officio member and Chairman of the Editorial Board.

ARTICLE VI

AMENDMENTS

Amendments, after having been approved by a majority of the Executive Committee present at a meeting regularly called, may be adopted by a majority vote of the members present at any regular meeting of the Association.

*Life Members

+Subscribers

+Honorary Members

NOTE-The figures in parenthesis after the name of a member indicate the year from which dates his continuous membership.

ABBOTT, EDITH, Faculty Exchange, University of Chicago, Chicago, Ill. (1905)
Abels, MargarET HUTTON, Carroll College, Waukesha, Wis. (1921)

†ABURAGI, HYOKICHIRO, Care of Mr. Inoue, No. 6 Zoshigaya, Koishikawa, Tokyo, Japan

ADAMS, JAMES P., Brown University, Providence, R. I. (1921)

ADAMS, JOSEPH, 7 Lewis Road, Winchester, Mass. (1919)

ADAMS, ROMANZO, College of Hawaii, Honolulu, T. H. (1915)

ADAMS, THOMAS Sewall, 115 Everit St., New Haven, Conn. (1900)

ADRIANCE, WALter Maxwell, 7 Euclid Ave., Maplewood, N. J. (1904)

AGAR, JOHN G., 31 Nassau St., New York City (1909)

AGGER, Eugene Ewald, Tenafly, N. J. (1902)

AGOOS, SAMUEL L., 145 South St., Boston, Mass. (1916)

AINSWORTH, HARRY, Moline, Ill. (1911)

+AKADEMISKA BOKHANDELN, 7 Alexandersgatan, Helsingfors, Finland

AKERMAN, CLEMENT, Reed College, Portland, Ore. (1914)

+AKRON PUBLIC LIBRARY, Akron, Ohio

+AKTIEBOLAGET NORDISKA BOKHANDELN, Drottninggatan 7, Stockholm, Sweden +ALABAMA, UNIVERSITY OF, LIBRARY, University, Ala.

+ALBERTA, UNIVERSITY OF, LIBRARY, Edmonton, S. Alberta, Canada

+ALBION COLLEGE LIBRARY, Albion, Mich.

ALBRECHT, JOSEPH A., 925 Fidelity Bldg., Buffalo, N. Y. (1920)

ALDRICH, MORTON ARNOLD, Tulane University, New Orleans, La. (1897) +ALFRED UNIVERSITY READING ROOM, Alfred, N. Y.

+ALLEGHENY COLLEGE LIBRARY, Meadville, Pa.

ALLEN, FREDERICK L., 55 Cedar St., New York City (1909)

ALLEN, GEORGE HENRY HOWLAND, New Bedford, Mass. (1887)

ALLEN, ROBERT MCDOWELL, 1000 Madison Ave., New York City (1919)
ALLISON, JAMES EKIN, 1017 Olive St., St. Louis, Mo. (1912)

ALLRED, C. E., University of Tennessee, Knoxville, Tenn. (1920)
ALWORTH, MARSHALL W., 1607 Alworth Bldg., Duluth, Minn. (1917)

+AMALGAMATED CLOTHING WORKERS OF AMERICA, 31 Union Square, New York City +AMERICAN INTERNATIONAL CORPORATION, 120 Broadway, New York City

+AMERICAN LIBRARY ASSOCIATION, 10 Rue de l'Elysée, Paris, France

+AMERICAN MINING Congress, THE, 841 Munsey Bldg., Washington, D. C.

+AMERICAN TELEPHONE AND TELEGRAPH COMPANY, Library, Room 2427, 195 Broadway, New York City

+AMHERST COLLEGE LIBRARY, Amherst, Mass.

AMSTER, NATHAN L., 6 Hawes St., Brookline, Mass. (1909)

+ANASTASI, LEONIDAS, Talcahuano 612, Buenos Aires, Argentine Republic.

ANDERSEN, ARTHUR E., 111 W. Monroe St., Chicago, Ill. (1913)

ANDERSON, BENJAMIN M., JR., Chase National Bank, New York City (1911)

ANDERSON, FRANK F., 1969 Marshall Ave., Merriam Park, Minn. (1910)

ANDERSON, G. L., 684 Prospect St., Milwaukee, Wis. (1919)

ANDERSON, GEORGE W., 316 Federal Bldg., Boston, Mass. (1910)

ANDERSON, HILDING E.,1352 Raymond Ave., St. Paul, Minn. (1920)

ANDERSON, R. EARLE, 572 Yale Ave., New Haven, Conn. (1916)
ANDREW, A. PIATT, Gloucester, Mass. (1896)

ANDREW, SEYMOUR L., American Telephone and Telegraph Company, 195 Broadway, New York City (1918)

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