Education: Economic Truths

When General Motors' Alfred P. Sloan Jr. created the $10.000,000 Alfred P. Sloan Foundation last year to disseminate "economic truths,'' cynics sneered that he was "incorporating General Motors' publicity department." His brother, Harold Sloan, made director of the foundation, proceeded to purify one of the ten millions by turning over its income to University of Chicago (TIME, Jan. 17). He startled the cynics still further by giving the income from another million to Stephens College (Columbia, Mo.) for consumer education. Conservatives and radicals began to rub their eyes incredulously when they learned...

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