Abstract The decision regarding the proper position of any subject in a curriculum is dependent upon the purpose for which the latter has been established, that is, the end which it has in view. Modern collegiate schools of business are not in agreement regarding this matter and some do not appear to have any clearly defined objective. Under these conditions it is obvious that different decisions will be made regarding the place and amount of instruction in a given subject. It may be accepted that the rapid recent growth of schools of business has been due to two causes. One is social and emphasizes the importance of the public or social aspects and effects of business organization and activity. The other influence is private in nature and represents a demand for improvement in business administration for the purpose of private profit. While both of these have been influential it is clear that the curricula will be different according as the social effect or the private acquisitive goal has been the primary or paramount consideration.
Isidor Loeb (1927) studied this question.