DISCUSSION.

This article discusses various research papers related to price regulation published in the March 2, 1936 issue of the journal "The American Economic Review." As we begin to get at the essence of any problem, we are likely to find that it loses the appearance of simplicity that it may have first possessed. We find complexities, involutions, differences that we never suspected, and that baffle us while they stimulate and fascinate us. This is the beginning of wisdom in economic research. Researcher Spurgeon Bell's paper brings home to us the institutional character of price rigidities. In mechanization, heavy overhead, and all that they entail are found some of the most compelling causes of price rigidity. The economic characteristics of an industrial economy, rather than original sin, seem to be primary factors of this problem. This is not to say that there is not some trace of original sin in the situation. Perhaps if we could take a representative set of corporation accounts and boil them down to their essence, the final precipitate might contain some trace of this sin.