DISCUSSION.

The article presents the chief purposes served by economics as a field of knowledge and of study. Economics is primarily a social study, the importance of which derives from the contribution it can make to the understanding and solution of social problems. This implies that training in economics is first and foremost training for citizenship, whether that citizenship is to be exercised professionally or on a lay level. It implies also that business training, for private profit making, must be distinguished from training in general or should say in social-economics. Business economics cannot in any sense be substituted for general economics, or vice versa, however much the subject matter of the two may overlap. Another purpose of the study of economics might be mentioned; i.e., training in scientific discipline, in a field in which many persons begin with emotional preconceptions and in which laboratory techniques are not available. Such training is accomplished only when the students become aware of the character and limitations of the methods of economic analysis.