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Professor Simon Newcomb '58, LL.D., of Washington, lectured on the "Diffusion of Economic Knowledge" last night in the Fogg Lecture Room under the auspices of the Department of Economics...
Tonight, at 8 o'clock in the Lecture Room of the Fogg Art Museum Professor Simon Newcomb '58, LL.D., of Washington, will deliver a public lecture on "The Diffusion of Economics knowledge." He will consider the benefits that would follow from a better understanding and appreciation of economic principles by the general public...
Last night Professor Newcomb spoke informally before the Seminary of Economics on "The Development of Economics as a Branch of Exact Science...
Professor Newcomb emphasized the great need for fixed principles in the science of economics, to which one may appeal for support in economic theories just as one appeals to the facts and formulas of physics in arguing its theorems. In the broadest sense economics is a system through which the want of the people are satisfied. Its operation is not governed by blind force, as some people suppose, but by individual with at every stage. Its purpose is the production and distribution of wealth--the transformation of one form of wealth into another until an object is finally produced...
...LECTURE. "The Diffusion of Economic Knowledge," Professor Simon Newcomb. Lecture Room of the Fogg Museum...