RF Annual Report - 1935 - The Rockefeller Foundation

212 THE ROCKEFELLER FOUNDATION
tute for Trade Cycle Research received ? 12,000
to be available over the two calendar years 1936
and 1937. Its work has been described in preceding
Foundation annual reports as attempting
to provide a prompt and accurate factualpicture
of business conditions in Austria and to
improve methods of analysis. The institute's
studies are published in book form and are regarded
as significant contributions to the growing
literature on the business cycle.
The Foundation's grant of $15,000 toward
the budget of the Statistical Institute of Economic
Research of the University of Sofia was
made in recognition of the desirability of building
up
an institute similar to the Austrian
institute to study the relatively simple agrarian
economy of Southeastern Europe. The scientific
director of the
institute, trained in prewar
Russia, has an international reputation. The
institute itself receives substantial local support
—more than that enjoyed by similar institutes
in countries far more prosperous than Bulgaria.
This work had been supported previously under
a grant in aid from the Paris office of the Foundation.
The
Foundation's third grant for economic
research was to Harvard University to enable the
Department of Economics to continue, with certain
modifications, the work originally carried
© 2003 The Rockefeller Foundation