For centuries the debate as to the superiority of mind over matter, or of matter over mind, has proceeded, but without a conclusive decision. The place of psychology in business is undoubted; whether it can prevail against more concrete and material facts, and if so, how long, remain debatable propositions. Yet this is the dilemma faced today by the student of economic and business trends, when he attempts to foresee conditions as they will be in 1924. Practically all the facts pointed a month ago to continued deflation. Suddenly, a new psychology...
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