I. Controversies in economic theory are of varying importance, — The explanatory and instrumental aspects of economic theory, 335. — Changing facts and social theories, 337. — II. The place of “facts” in economic controversy, 339. — The relation of psychology to economic theory, 343. — Mechanistic and organic social theories as a source of controversy, 347. — Difficulties arising out of the organic analogy, 349. — III. The philosophy of “social control,” 351. — IV. Chaotic possibilities of “viewpoints” in economics, 355. — Uses and limitations of the mechanistic view, 356. — Types of new “approaches” to economics, and their limitations, 359. — Sacrifices entailed in eliminating controversies, 360. — The scientific character of economics, old and new, 362.

Reviews the book "Principles of Auditing," by E.L. Kohler and P.W. Pettengill.

Reviews the book "Essentials of Cost Accounting," by L. Cleveland Amidon and Theodore Lang.

Reviews the book "Farm Accounting Principles and Problems," by Karl F. McMurry and Preston E. McNall.

Reviews the book "The Mathematics of Statistics," Robert W. Burgess

Hawtrey, The Economic Problem Get access Paul T. Homan Paul T. Homan Cornell University Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 42, Issue 4, August 1928, Pages 678–684, https://doi.org/10.2307/1882539 Published: 01 August 1928

Journal Article Homan's Contemporary Economic Thought Get access Frank H. Knight Frank H. Knight The University of Chicago Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 43, Issue 1, November 1928, Pages 132–141, https://doi.org/10.2307/1883943 Published: 01 November 1928

R ECENT growth of branch banking in the United States has created considerable concern as to the fate of our independent unit banking system. This alarm is due, not to the total number of branches now in existence, but to their rapid rate of increase in the last few years. The extent of this growth can be seen when we consider the fact that in i900 there were only 6o branches in operation in the United States, as against 2,572 on January i, I926. Of the latter number, I,525 have been established since I920, and 329 of these in I925 alone. This has given rise to a consideration of the place of branch banking in the American system. The branch system is not new in this country. In the early period of our banking experience several states established branch systems modeled after those so widely used in Europe. Of all those early experiments that of Virginia is perhaps the most interesting, not only because it was in Virginia that the system reached its highest stage of development during this early period of our banking history, but because of its use under conditions peculiarly fitted to test its advantages. The purpose of this paper is to describe the development and operation of branch banking in Virginia from i804 to i865.

Courses in accounting occupy a distinctive place in the curriculum of every collegiate school of business. The particular location in the course of study, however, differs quite widely between the various institutions. Furthermore, the character of the subject matter taught under the title of accounting means different things in the several schools. In view of the fact that professional schools of business are still in the early developmental stage, one can hardly hope for anything approaching standardization in curriculum making. Annual revision of courses will continue until the various professional business occupations become more clearly defined than they are at present. One of the chief difficulties encountered in attempting to generalize on this subject is the number of different types of institutions offering collegiate instruction in business. There are the four-year schools which admit students directly from high school, the two-year courses to which students are admitted who have completed either two or three years in an arts college, and the graduate schools which offer instruction only to those who have completed a full four-year academic course. In addition to these, there are the schools, which have specialized in certain fields such as retailing, and personnel administration. Each of these institutions is attempting to adapt its course requirements to meet the demand for technically trained men in business.

The article focuses on the proceedings of the twelfth annual convention of the American Association of University Instructors in Accounting, held at Washington D.C., between December 28 and 29, 1927. After some introductory remarks by the organizers, papers were read by W. W. Nissley of the American Institute of Accountants, John R. Wildman of the company Haskins and Sells, David Himmelblau of Northwestern University, Evanston, Illinois, William A. Paton of the University of Michigan, Ann Arbor, Michigan, and J. L. Dohr of Greene and Hurd and of Columbia University, New York, New York. The second program meeting was given over to a discussion of various features of the federal income tax law. Johns Hopkins University's, Baltimore, Maryland, professor presided at the session and opened it with a brief statement introducing the speakers of the afternoon, all of whom were representatives of the Bureau of Internal Revenue. The third program session consisted of a joint meeting with the American Association of Collegiate Schools of Business. The general topic for discussion was "The Place of Accounting in Commerce Curriculum."