Evening star., 1941-03-16
Credit Control Topic
0fEconomic Policy
Talk at 6. W. U. Friday
Federal Reserve Board
Research Director to
Speak at Second Session

The second annual conference on
economic policy at George Wash
ington University, bringing together
a group of outstanding economists
to analyze the most pressing eco
nomic problems arising in the de-
fense emergency, was started last
week.
Credit control and banking policy
will be the subject of the second
session next Friday DR.. E. A. Gold
enweiser, director of research, Fed
eral Reserve Board, will speak on
the problem. The importance of
the question is indicated by the Joint
report to- Congress recently sub
mitted by the Federal Reserve Board
and the Federal Reserve Banks.
Broad changes in policy in view of
the defense emergency were recon-
mended by this report. DR.. Donald
S. Watson, assistant professor of
economies at the university, will
discuss DR.. Goldenweisers paper.
Stacy May, director of research for
the Federal Defense Commission,
"ah Pi SctuC az Jlllo SCSSlOIl.
Six Sessions Slated.
The series of meetings has been
arranged by DR.. Arthur E. Burns
adjunct professor of economics at
the university, in collaboration with
a group of economists in Govern
ment service. The purpose is to
bring together the leading econ
omists in academic and govern
mental circles to discuss significant
issues OF Government economic pol
Icy. Because Of the overwhelming
Importance of the defense program
the conference will devote its six
sessions to this topic. Meetings are
being held in the hall of govern
ment.
Labor problems raised by the ex-
panslon of defense activity in in
dustry will be discussed by Prof. r.
Il. Brooks Of Williams College at the
third session, March %. Problems
OF wages, of Government mediation
IN labor disputes and strikes in
defense industries will be reviewed
Prof. Brooks paper will be discussed
by Ralph Hetzel, economist for the
Committee on Industrial Organiza-
ton. Arnold Tolles of the Labor
Department and a mediator in the
Vultee strike will preside at this
session.
The fourth session of the con-
terence, April 4, will analyze the
position Of agriculture in the de-
tense program. DR.. Louis Bean of
the Agriculture Department will
speak on this problem. DR.. j. x.
Galbraith of Princeton University.
now economic adviser on agricul-
tural policy for the National De-
fense Commission, will discuss the
policies taken by the commission.
j. B. Hutson of the National De-
Tense Commission will preside as
chairman.
Imitation to Be q Topic.
On April Is, Prof. j. M. Clark
OF Columbia University will discuss
the question of imitation, the DOS
slbllities OF such a development in
the defense emergency, and the
means of control. DR.. Clark,s paper
will be discussed by DR.. Donald D.
Humphrey, lecturer in economics
at the university and an economist
with the National Defense Commits
sion. DR.. Frank Coe Of the Treasury
Department will preside over this
session.
At the final session, Wednesday.
April %. Prof Alvin Hansen of
Harvard University will speak on
Governmental Economic Policy in
the Post-Defense Period" Since the
defense effort creates enormous in.
dustrial shifts and changes, the
post-defense period apparently will
be one OF crisis and maladjustment.
The policies necessary to meet this
situation will be the subject of this
session. DR.. Alan Sweezy of Will
Hams College will discuss the paper
by Prof. Hansen and DR.. Thomas
Blaisdell will preside as chairman
OF the final session.