aspect of the subject will appear in due course. This expectation does
not reflect an excess of modesty on my part but rather a great deal of
confidence in the intelligence of men.

The seventh essay describes the program that has been developed
here at the American Institute for Economic Research for training
graduate students as economic scientists. The American Economic
Association recently arranged for a special survey of graduate training
in economics. The report on the subject by Dr. Bowen ¹ was of especial
interest to us here because his findings, for the most part, confirmed
our own views and pointed out the need for certain aspects of graduate
training that we have emphasized.

The next to the last essay offers suggestions regarding the primary
duties of economic scientists. It does not attempt to formulate a code
of ethics, but others interested in this aspect of the subject may feel
that the development of such a code would be desirable. With the in-
creasing responsibilities to their fellow citizens that economists have
assumed, perhaps the development of such a code, analagous to but
not necessarily similar to that of the medical profession, is likewise a
primary obligation of economic scientists. Certainly, if economic
scientists hope to deserve the confidence of their fellow citizens, they
must develop adequate and enforceable standards of scientific be-
havior.

The final essay of the series is partly a summing up and partly pre-
diction of things to come. The latter is based on the expectation and
hope that developments in economics will parallel those in the more
mature sciences. If the economic scientists of the future find other and
more effective ways of advancing the science of economics, so much the
better. Regardless of whether or not he leads the procession, every
sincere scientist will welcome such advances and rejoice that the
light of intelligence in the modern world is being used effectively to
illuminate the problems of men.

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