Abstract :
THE great economic changes of the past 20 years and the accompanying political upheavals have made it increasingly apparent that we are living in the midst of what may be called an era of profound historical change, the ultimate consequences of which no one can now foresee. It is therefore incumbent upon us as the inheritors and transmitters of civilization to study in as fundamental terms as our intelligence makes possible, the nature of and the reasons for the business, economic, engineering, and political problems and tendencies which are shaping our fortunes and our destinies. Whether our individual activities are devoted to manufacturing, mining, farming, banking, trade, or the professions, we all are vitally affected by current trends and all interested in having a more efficiently functioning economic system.
