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To post of the director of Office [Arthur Frank Burns (1904 - 1987), later the chairmanManagements of the Federal Reserve, 1970 - 1978 - it. It.], has appeared Only in 1946. The following volume which should sum up Quarter-century development in this area, was, as speak, practically
It is finished shortly before Mitchell's death. [It is published posthumously under the name
What Happens During Business Cycles: A Progress Report (New York: National Bureau of Economic Research, 1951) - it. It.]
But interests and Mitchell's activity were much more diverse, than it is possible
To present on this short sketch. In a current of long years it a lot of time
Devoted to fulfilment of a public debt. And though, most likely, it will remember
As author of discoveries, the philosophical approach to the world affected in it so
Hardly, as well as a professional sight at things. A question on a role and significance
Social studies, about their function in a public life was for it so
Important, as well as problems of that area in which it worked professionally,
Constantly investigating possibilities of new approaches. The collection of its essay,
Published in 1937 under name The Backward Art of Spending Money [Wesley Clair Mitchell, The Backward Art of Spending Money, and Other Essays (New York: McGraw Hill, 1937) - it. It.], gives, perhaps, best
Submission about width of its interests and about its nature of the methodological
Submissions. Similarly the collection of an essay devoted to its memory by pupils and
Employees two years ago [Economic Essays in Honor of Wesley Clair Mitchell (New York: Columbia University Press, 1935) - it. It.], testifies,
To some extent, about influence of its ideas. Even for this purpose, who is absolutely superficial
Knew Mitchell, it is not difficult to understand, how this influence should amplify
Charm of its person, and amazing example of unconditional fidelity To the chosen scientific ideal.
The head two. Charles Menger (1840-1921)
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