Gradually but steadily, great segments of economic activity have been shifted from the market place to administration. - Gardiner Means

The increasing discussion of the importance of inflexible prices in the. American economy has been somewhat stimulated by previous articles by the present writer. In one of these, material was presented on inflexible administered prices and their importance for monetary policy.

It is in the development of further administrative coordination that we must come to political scientists for aid. We ask that you apply to the field of economic administration the technique of analysis and principles of organization which you have developed in the study of administrative organization in the form of the state.

Economic and political developments have forced upon us a great problem of analysis in the field of politico-economic organization. The center of this problem lies in the midground between the science of politics and the science of economics and its scope is coterminous with the scope of both. It demands the best minds of both science to forge a new pattern of thinking which will weld the elements of politics and economics into an integrated whole having validity in the present day.