Evening star., 1933-05-07
1t Diagnoses Americas Ills

| in the National Capital that owed their
existence to this man. In 1927 they
we're merged into a single organiza-
tion: The Brookings Institution.
Within its corporate unity, under
DR.. Moulton as president of the insti-
tuition, each Of the constituent foun-
dations continues as specialized divi-
sion. Thus the Institute for Govern:
ment Research continues to make the
phenomenon Of government the sub
ject of its INQUIRIES. Recently its
attention has been focused almost
wholly on State problems mainly be-
It made the surveys Of North Carolina,
Mississippi, Alabama and New Hamp-
shire, and Is now studying Iowa.
Covers Rroadest Fields,
The Institute Of Economics continues
to care for research in the broadest
fields. Among its recent studies and
published reports are inquiries into un-
employment problems, the tariff, the
Federal Reserve banking system, the
farm co-operatives, the plight of the
railroads. the League Of Nations as an
instrument Of international co-opera-
ton, trade stabilization, price main
tenance
VI llltCSLlRACOIS
OF the Institute Of Economics are en-
gagged in a mass attack on the prob
lem Of the relation Of profits to pros
perity. Is our system of distribution
OF wealth and income responsible for
depressions? Or. more fundamentally
can private capitalism be made to
work without periodical breakdowns? !?
The conservative, reading these
phrasings Of the problem, may rub his
eyes in amazement. Why study such
radicalism?
1t isn't a question Of studying radi-
calism, or of taking any tradition for
granted, but rather a need Of ascer-
tanning the facts on a subject that is
being increasingly controverted. One
has only to point to recent activities in
Congress, to justify the Importance of
such studies.
Studies Trade Trends.
What help 1t would be to the ad-
ministration authorities If they had a
really scientific report on this subject
an analysis of the trends of prices,
wages, employment, output and all the
other factors that fly their distress
flags in times of financial panic! 1t is
such report that the Brookings au-
thorities are now working on. They
expect to issue volume l, on produc-
tion, next Autumn. Volume II, on in
come and consumption. will follow in
the Winter. The concluding volume
III, on Embellishments and recon-
mended readjustments, will appear next
Spring.
Incidentally, the Broodngs Institu-
ton was asked to undertake this sur
vey. The project. one Of the most
extensive programs for fundamental
economic research ever organized, is be-
ing financed as a two-year study by
the Faulk Foundation OF Pittsburgh.
The project was begun in 1881. under
the dictatorship of Dr. Edwin G. Nourse.
and in it more than a score of promi-
nent economists and sociologists are
collaborating.
The Brookings School for Graduate
Study continues as the training divi-
sion of the institution. There Is no
tuition; on the contrary. the students,
CT fellows. are paid small stipend and
are provided with board and room.
There Is no curriculum. no teaching
faculty, no class room duties.
Many Hold U. S. Posts.
Many Of the Brookings fellows have
graduated into responsible positions
with the Government, and you will find
them today IN the Treasury Depart
ment. the Federal Reserve Board. the
Bureau of the Budget, Bureau of Mines
Bureau Of Census, Home Economics
Breau, Department of Agriculture. De-
partment of Commerce. and in the In
/ ternational Labor office.
| The fellowships are keenly sought
after. For last years appointments $50
applications were received from 20 ma
tions Only Is fellowships were award
ed The limit is 20 for any one year.
When Mr.. Brcokings died last No
vember he was satisfied that his in
stitution was on a firm foundation
His dream had been progressive; first
Government research: then the broader
field of economies; next. the training
of experts in these specialties; and
now. the gathering Of all into one in
| tegrated agency.
Nor is this the end of the dream
The program of eventual development
| for the Brookings Institution" said
President Moulton, calls for the crea-
ton of further research institutes In
the social sciences as their desirability
becomes unquestioned and as means for
establishing them are found. The board
of trustees already has approved in
principle the establishment of an In
stitute Of international Relations and
an Institute Of Industrial Psychology"
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