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Excerpt from Papers and Discussions of the Twenty-Third Annual Meeting, St. Louis, Missouri, December, 1910 The quarter of a century which has elapsed since that time has seen a great change in the standing of the professional economist. I think it is not too much to say that the voice of the student of economics as such is today more potent in the United States in the discussion and decision of public questions than it has ever been before. I believe that this greater position of dignity and authority of the student and professor of economics is, in some degree, however small, due to the work which this Association, as a body, has accomplished; although, of course, any position of real influence or authority which economists as a class may have won has been due primarily to the actual merit of individual work also perhaps in some measure to the increasing willingness of economic students to let purely abstract or academic questions drop into the background if thereby some positive practical advance could be made. The policy of President Roosevelt and President Taft of select ing university men, and by way of preference, university men with economic training, for some of the most important expert positions at their disposal is a clear demonstration of the changed attitude of the people of the United States toward the scientific study of our political problems. And this policy which has been adopted by the federal government has been followed to a growing extent in our states and cities. There is a greater willingness to give the expert a hearing - at any rate, an increasing willing ness to hear all sides of a problem before a decision is made, which certainly augurs well for the future welfare of the nation. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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