Part 2 - The Institute Libraries - Institute for Advanced Study

had graduated from iIamilton Collcgc, taught briefly in Constantinople,
afid had then studied history and econonics undcr Taussig at Hnxvard. His
close connection with Xr. Stcwart fox the past sixteen years in "practical
affairsfk made him, Flexner said, familiar with both thcory and practice.
-
Then the Director gave notice sf financial support of the appointmnts:
I realize, of course, that additional financing will now be
required, and I an fortunately in position to assure the
Board that the requisite sun of money will be forthcoming
whenever they entcr upon t h ~ active v dutics -- probably
not before January 1, 1939.
After some further remarks on the samc subjcct, ~otably that the
University had just callsd. Dr. Oskar ~Iorgcnstcrn, formerly of Vienna, to
its work in ccanomics, he nominated Stewart and RoSert B. Warren to be
prafcssars of the Institute in thc School of Economics and Politics, but
without presenting the rcsolutians embodying tern of thcir employment.
Discussion followed, in which Drs. Riefler and Aydelotte spokc in favor
of the appointmnts. M. :-laass then said that
ing that
FIr. Bambcrger had had some hesitation about the part of the
Institute in trying to bring order out a£ chaos in the field
of economics, but that after having gone over the subject
with the Director and others he had becorne convinced that
this is a noble effort which the Institute is about to
under take.57
Mr. Bambergcr went a step furthe5 speaking for himself and say-
He had been in doubt as to whether the School of Economics
could bring about substantial results; that it was his under-
standing that the teaching of economics.in our universities
had thus far not given satisfactory results; but after dis-
cussing the matter at length with the Dirtctor and others,
and after hearing the remarks of ?k, Riefler and ?3r. Ayde-
lotte, he realized that the results of this cxpcriment
might inure to thtl benefit of the whole world, and he was
convinced that the Institute was not only justified in un-
dertaking the task, but ought to undertake it. He assured
the Board of tSc cooperation of Firs. Fuld and