Research Reports – 08/12/1940

‘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.