To give the cost of production price broader sway in our price system does not necessarily involve governmental control. The first step is education in price judging. Even in the grade schools and country schools, ratio methods of price judgment should be taught. In high schools the matter may be carried farther, and it is suggested that not only should the ratio method of price judging be taught in high school, but also the practical use of correlation coefficients and lines of regression in determining prices from business conditions and the supply. In college (and the colleges have been most neglectful in this matter) specific problems should be worked out in great detail. Students in such classes should have access to adding machines, calculating machines, rechentaffels, and other modern devices for making calculations easy and accurate. But the most important thing of all just now is adequate research by colleges, by experiment stations, and by governmental departments. The government and market agencies must continue to improve their statistical records, and research students must study these records with all the refinements of statistical method. An excellent start along this line has been made by the Harvard University Committee on Economic Research. This committee seems to be concerned altogether with the industrial world. It is essential that the agricultural world be given similar service. The object of it all is to discover the best possible kind of machinery thru which the law of supply and demand may work to the end that violent fluctuations in supply and demand may be reduced to the lowest possible point consistent with changing weather and unforeseeable accidents. The present price system is not perfect; it can be improved. But before improvements can be made, the present system must be studied with the greatest thoroness. The great weakness of the present price system is that the men who operate it are concerned chiefly with making the greatest possible profit, and not at all with making the law of supply and demand operate smoothly on a price level roughly equivalent to cost of production. The highest purpose of our price system should be to tell producers truthfully what to do in the future, instead of capitalizing a temporary supply and demand situation to the advantage of certain bright speculators. The $4.50 price for hogs in January of 1908 was a lie so far as it guided the future action of hog producers. So also was the $11 price in March of 1910. Both prices told the approximate truth about a temporary supply-and-demand situation. But both were fundamentally lies. Our whole _laissez faire_ system is full of lies of this sort. Surely we have enough in the way of legitimate physical handicaps such as weather and pests so that we should be willing to run our price system more truthfully.