William Cameron Forbes Chaired MIT Visiting Committee on Economics and Statistics in 1924
William Cameron Forbes, a Harvard-educated individual with a background in the Forbes family business, served as the Chairman of the Massachusetts Institute of Technology (MIT) Corporation's Visiting Committee on the Department of Economics and Statistics in 1924. The committee's report, submitted on March 12, 1924, addressed various aspects of the department's operations and needs. Key discussions included the possibility of limiting the course in engineering administration, which had seen a reduction in enrollment, and the importance of an advisory council composed of representatives from different industries. The committee also highlighted the need for a larger auditorium or lecture hall for the Elementary Economics and Engineering Administration courses, and recommended an appropriation for an additional assistant professor of accounting. Furthermore, they reiterated a previous recommendation for a fifth-year course and an increase in staff to offer specialized economics courses, as well as the employm...