ABSTRACT
You wish me to spe~. about 'Science as a Vocation.' Now, we political economists have a pedantic custom, which I should like to follow, of always beginning with the external conditions. In this ca~e, we begin with the question: What are the conditions of science as a vocation in the material sense of the term? Today this question means, practically and essentially: What are the prospects of a graduate student who is resolved to dedicate himself professionally to science in university life? In order· to understand the peculiarity of German conditions it is expedient to proceed by comparison and to realize the conditions abroad. In this respect, the United States stands in the sharpest contrast with Germany, so we shall focus upon that country.
