Economic Quarterly

Every Thursday for some time a group of men interested in economic problems has been meeting at the New School for Social Research. Their leaders have been young William McChesney Martin Jr., out of Yale four years and a member of the New York Stock Exchange, and Joseph Mead, of Standard Statistics, Inc. The group organized itself into the Economic Forum (dues: $5), is forming committees to do research work into current problems. Excited by all the discussion, Leader Martin, whose father is Governor of the Federal Reserve Bank of St. Louis, decided to publish a quarterly magazine containing articles on economic subjects, book reviews, transcripts of discussions.

Last week Vol. 1, No. 1 appeared. Selling at 50-c-, it is handsomely printed in octavo size, resembling Hound & Horn. The first issue had no pages and four pages of half-tones tipped in. Typical of the latter was "The Forgotten Man," an abject figure asleep in a cheap doorway. Contributors to the first issue included such famed economists as John Maynard Keynes ("A New Monetary Policy for England"), Sir Josiah Stamp ("Our Price Level Problem"), William Trufant Foster ("Is Fiat Money Any Worse than Fiat Poverty?"). Among a group who discussed Mr. Foster's article was gloomy Richard Waldo, president of McClure Newspaper Syndicate. Books reviewed included Wages and the Road Ahead by General Motors' James David Mooney, The Dow Theory by Robert Rhea, The Banks and Prosperity by Lionel D. Edie.

Said the editors of their purpose: "This quarterly . . . will not attempt to form any single school of economic doctrine. . . . Ultimately, we recognize that the way of life is more important than the means, but our interests and present exigencies lead us to concern ourselves with the latter."

This file is automatically generated by a robot program, so reader's discretion is required.