Part 1 - The Institute Libraries - Institute for Advanced Study

and the luxury of agreeing with him delightful indeed. He wrote Hr.
Banberger of his great confidence in the economist; Mr. Stewart would
be the best possible man to head the School of Econmics and Politics
and to organize it,for he possessed a rare conbination of knowledge
and eqerience and was greatly interested in what might be accamplished
by the Institute in his field. He uzs arranging for Flexner to meet the
leaCing English economists. Again the Director wrote and said that he
was explorinz possible appointments, and was collecting the works of
.various econozists which Stewart and others would read and evaluate for
While Flexner was at Oxford k.e interviewed a mather~tical
economist, a young Russian Lmigr;, whom he and Stewart had evidently
already discussed. Young Dr. Jacob hrschak was active in statistical
work at A.11 Souls. Flexner wrote Stewart in London:
Marschak may prove to be the man. He is most attractive
and plainly able.. I have his reprints. Re actually worked
with von h'ewznn in Berlin and knovs Graham of Princeton,
who has invited him to lecture there.. -41
This note raises a question about Mr. Stewart's thinking. At his
first Board meting (October 1933) he had talked to the Trustees about the
economics program. The minutes said merely there vas a consensus that "a
historical approach to the fresh study...would be more fruitful than an
approach upon lines hitherto pursued." The opinion prevailed that it
would be vise to take promising young wen who were uncomitted on contro-
versial issues for periods of three to five years "during which their
\
powers vould be disclosed." At the time Flexner elaborated on this in a
'\
letter to Frankfurter, asking him to keep his eyes open for some younger