ABSTRACT
Self-contained systems of economic theory, balanced and compendious, are no longer at the focal center of attention; nor is there a felt need of such. The felt need runs rather along the lines of conjugation between economic science and those fields of knowledge and belief that are cultivated by the material and biological sciences. In the economic foreground stands, of course, the organisation of business enterprise, the absentee owners and their agents, in whom vest by law and custom all initiative and discretion in economic affairs. And it is to this work of the business community that the economists are chiefly turning their attention. And such should presumably continue to be the drift and emphasis of economic inquiry and speculations in the calculable future, inasmuch as the promise of things as they run in the immediate present is, unmistakably, that the interests and exigencies of business traffic are and of right must be paramount.
