– August 12, 1940

‘Critique of Research in the Social Sciences; II,” Social Science Research Council, New York City. ($1.00) This second important critique of research in the social sciences includes an appraisal of Frederick C. Mills’ “The Behavior of Prices” by Raymond T. Bye, a rejoinder by Mr. Mills, and the stenographic record of discussion by several eminent economists, including Messrs. Jacob Viner and Wesley C. Mitchell. Dr. Mills’ reply to Professor Bye’s appraisal of his important study of prices should certainly be read by every professional economist. The panel discussion is weak and wanders at random in unprofitable directions, but it should never- theless help economists to realize how poorly informed many of them are regarding the proper application of the scientific method.



AIER Staff

Founded in 1933, the American Institute for Economic Research (AIER) is one of the oldest and most respected nonpartisan economic research and advocacy organizations in the country. With a global reach and influence, AIER is dedicated to developing and promoting the ideas of pure freedom and private governance by combining advanced economic research with accessible media outreach and educational programming to cultivate a better, broader understanding of the fundamental principles that enable peace and prosperity around the world.

Get notified of new articles from AIER Staff and AIER.
AIER - American Institute for Economic Research

250 Division Street | PO Box 1000
Great Barrington, MA 01230-1000

Contact AIER
Telephone: 1-888-528-1216 | Fax: 1-413-528-0103

Press and other media outlets contact
[email protected]

Editorial Policy

This work is licensed under a 
Creative Commons Attribution 4.0 International License,
except where copyright is otherwise reserved.

© 2021 American Institute for Economic Research
Privacy Policy

AIER is a 501(c)(3) Nonprofit
registered in the US under EIN: 04-2121305