Economic essays

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Monograph

Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

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3568 APPENDIX Professor Clark must always be entitled to the honor which comes from having conceived that plan, devised the method of its execution and started it on its way. The industry, the scholarship, the untiring zeal of Professor Shotwell, are making this great plan his own, as well as Professor Clark’s; but Professor Shotwell would be the first to insist on saying now that it was Professor Clark’s authority, genius and insight which made the plan originally possible. So whether I allow myself to speak of this great and noble American gentleman as an academic authority and scholar in his field, or whether I add an appreciation from the viewpoint of those who are associated with him in the large international work to which I refer, it all comes to the same thing. We are celebrating the achievement and the personality of a captain of the mind; and few things could be more worthy and few things more necessary in this modern world of ours. One of the curious things about the mind is that it works less obviously now than it used to do. There did not use to be much of anything except mind, and everyone could see it and its manifestations. In the last three hundred or four hundred years there have come to be so many other things, that the mind may work pretty vigorously, pretty powerfully, and yet be like an Arizona river, fertilizing but out of sight. Here is a case where in the world of scholarship, in our American life, we have produced on American soil and by our own training and own opportunities, this captain of the mind. That he is eighty years of age surprises me. I suppose it must be a fact, because I am assured that figures do not lie; but I wonder! His mind has all the elasticity, the originality, and the vivacity of youth. As one of his oldest friends and associates, one of those most closely associated with him through the years, and one who is proud and yields to no one in his pride to salute him as he crosses what Professor Burgess calls the frontier of the eighties, I can only hope and pray that his physical strength may keep pace with that mind of his to the joy of us all and to the service of his fellows and of mankind. The Chairman When, between thirty and thirty-five years ago, Professor Burgess and his younger colleagues decided that the time had come to add to our numbers at Columbia, we cast about to see who the young men were,—for there were no available older men in the field—who gave promise of achievement in economics and social science. We finally hit upon two young men at a little place in Massachusetts who had begun to pay atten- tion to the newer developments in business and in industrial life, and especially to the problem of the trusts and the control of these huge aggregations. We found that these two young men were working together in preparing a series of studies on what they called competition and cooperation. It was our good fortune within a very short time to be able to invite both of these young men to come to Columbia, and ever since that day they have been engaged in cooperation and competition. They have cooperated with each other and with the rest of us in trying to build up the faculty of political science at Columbia and in developing the

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