Without making any radical declarations of policy in his report for the Business School for 1931-32, Dean Donham nevertheless recognizes the School's special responsibility to the community in a time of great economic uncertainty. His comments, although not strikingly vigorous or specific, at least show a readiness to consider the more deep-seated ills of the industrial system.

The large amount of definite technical material on business practice which the School must fit into its two-year course naturally makes difficult any study of social evils caused by the industrial order. Dean Donham's suggestion for a third year course for further training and research in social problems relating to business deserves attention. Such a course, which might "appraise the major economic problems and their underlying tendencies in order to determine a sound basis for social planning," would give the Business School a unique opportunity for intelligent leadership in the nation's economic life.

For the present the proposed third-year course is barred by the familiar "lack of funds." When it becomes possible for the School to go ahead with the plan, it should be done. Enjoying already a high reputation for its technical business training, the School would deserve even wider prestige, if it encouraged future executives to study the basic problems which are too likely to be investigated only by economic theorists.