New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-08-24
WORK IN ECONOMIC FIELDS.
STUDYING SOCIAL PROBLEMS AT CHAU-
TAUQCA.
THE AMERICAN ASSOCIATION BEGINS THREE
DAYS, SEsS.oN-wHAT 1T AIMS TO Do
SOME OF IT'S HONORARY MEMBERS


SOME OF ITS HONORARY MEMBERS.
Chautauqua, N. V. Aug 23-I. v. Flagler delivered
one OF his unique lecture rccas this morning giving
word pictures Of Bach MendellsOhu Chopin ana oshef
composers, and playing their compositions Modern
japan was pleasantly described By Mrs. Tel sono
practising lawyer IN TOXIC. who will return 10 hcr
native country In December to do missionary WORK
among women. Al the Round Table this afternoon
the advantages and Disadvantages Of local Chautauqa
reading circles brought up and WI! oe discussed
more fully at tomorrows session.
A statement of the work In prisons In dlHcrcht
parts Of the country made, and message OF
fratcrnal greeting was sent BY the Round Table 70
tho two circles In the prisons at Lincoln, Neb, ana
saltwater, MINI. Introductory exercises to a three
days session OF the American Economic Association
werc held in the Amphthcatre this evening. THIS
association was organized at Saratoga seven years AGO
for the scientific study Of social and economic prob
lens and the diffusion Of knowledge In these lines
Perfect freedom of economic discussion Is en-
couraged and the association Is Donpartlsan.
Seven hundred scientific and business men are incnced
in dts membership, and almost every economist
OF note In this country belongs to the body. Among
the honorary members Of the association are ITO
fcssors Wagner. OF Berlin; Bohm Bawerk. OF Vienna
Roscher Of Leipzig: Marshall, OF Cambridge; Leroy
Beaueu OF Paris, and Cossa, of Pav!a. The pHn-
cipal officers of the association have been from It's
inception as follows: President. Francis A. Walker.
president Of the Massachusetts, institute OF Technology
lately appointed Of the commissioners 10 repre-
sent the United States In the coming international
Monetary Conference at Dresden secretary. Richard
T. Ely who has recently been called to the University
II Wisconsin, and who is widely known by his writ
ngs the economic questions Of thc day. The prin-
cipal work of the association has been in the pub
LEGATION of scientific monographs SIX volumes OF which
have already appeared. each comprising SIX numbers.
Tho association has also encouraged research In econo
mic fields by Offering number OF prizes Tor essays
on such subjects as womans labor child labor. and
housing Of the poor in American cities Previous meet
ings have been held Boston and Cambridge In 1887
at Philadelphia in 1888. and at Washington in 1890.
The meetings at Chautauqua Will be devoted 10
the consideration Of taxation. the farmers movement,
economic theory, wages statistics and nun cip PROB
lens. Among the members who have arrived are
Joseph d. Weeks, the well Unknown writer on economic
topics and Editor of "The American Manufacturer :;
George lies, OF New-York; Professor Franklin III.
Giddings, Bryn Mawr College; Simon " Patten, Uni
versity of Pennsylvania: c. :. Walker. Amherst AGr
cultural College Henry W. Farllum and }. e. Schwab,
Yale College; Edwin X. selgman, Columbia college
JOhn r. Commons, Indiana State University John
v. Adams University OF Pennsylvania; John H. Gray,
Northwestern University: Roland p. Fakncr Cniver-
nty Of Pennsylvania; sylvester +. scovcl, Wooster.
Ohio; and George W. Knight, Ohio State University.
William Folwell, professor Of political science in the
University of Minnesota, this evening made an ar
eument for the more distinctive recognition Of political
economy as component of sociology and for the frecr
and larger use Of inductivc historical method
Political economy, since the time of Adam Smith, has
been taught In this country and In England rs branch
of philosophy, the dcductive method having been used
almost exclusively. The results are altogether un
satisfactory, political economy remains underlined, and
so also do such leading titles as value. rent and
profits, In particular. The speaker contcnded for the
recognition II public economy a substantive ana
coordinate branch OF the science II political economy
Is sphere, sOcl0-ecOnomics and potco-economcs
are the two hemisphcres The Importance OF develop
ing public economy IN independent line and by ap
prtprate methods Illustrated by reference TO the
chaotic condition Of public land policy and our
public policy of labor. Labor organizations must at
length come under the law Of the land. and be all
the more benefcent for doing. wise public
policy will extract the go there is In Socialism ana
give II application more wholesome and far wider than
most OF lis expect. The Only true socialism Is
brotherhood oh the lasis OF manhood. a. sung by
Robert Burns in A Mans a Man for n That
Edward r. Lee clerk OF the Senate Committee on
Territories gave the first OF three lectures on Con
gress nj Work. describing especially the io'lSe o Rep
rescniavcs The lecturer referred 10 the volume 81
business moro than 8 900 bills having been introduced
during the las. session. The duties OF important cont
mittccs explained and scenes in tn" House In
times OF excitement and in the closing Gays OF n
session We're Depicted. The House dosgIi3, as
grcnt legislative mill under he direction Of tn"
Speaker ard IN the general control Of the chairmcn
OF the committees. Among Interested PERSONS In III"
audience members of the Chautauqua Eoys' Con
gress. which recently ADJOURNED