Indeed his theories are based on these laws, and are
worthy of consideration if not always of acceptance. We quote one
reflection:--"If we admit that business motions are in the line of least
resistance, and rhythmic, and that these rhythms show a tendency to
become balanced, we may conclude that panics and periods of depression
will always continue at intervals, with this qualification, the next
period of depression will not be as severe as the present, and the next
less severe, and so on, until, to all outward signs, they will at last
cease."
By reason of a lack of space, we cannot say all that we had wished to
say in regard to this work. It is, on the whole, a most ingenious
argument, well conceived and brilliantly sustained. We are not sure that
Mr. Smith has not explained satisfactorily some of the nuggets of
mystery which have so long puzzled the brains of business men.
[Footnote 6: The Science of Business. By Roderick H. Smith, New York:
G.P. Putnam's Sons. Price $1.25.]
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