The New Economics

BY a Strange trick of fate, social economics has come to be regarded by the majority as a monopoly of the professors, though no subject is so intimately connected with the affairs of everyday life. The business man who finds that a period of good trade inevitably gives place to a period when trade is slack and no one is buying; the housewife, surveying with dismay a continuous rise in prices; the householder, writing to his daily paper to complain of high taxation (which he has been taught to associate with nothing more fundamental than the wastefulness of Government Departments the workman who goes on strike for higher wages to meet the increased cost of living; the employer who declares a lock-out to reduce wages.

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