In 1988, German‐speaking economists plan to celebrate the 150th anniversary of Gustav von Schmoller. Yet, in contemporary America, Schmoller is hardly known. His work is almost completely locked up in the German language, save for his The Mercantile System and its Historical Significance,...

I first met Professor Rugina in 1974 at the annual meeting of the History of Economics Society in Cambridge, Massachusetts. On that occasion, he proposed that one session of future meetings be devoted to the problem of values and value‐judgements in economics. I supported that proposition, and...