Speaking in 1934 before a London School of Economics audience (of which the present writer happened to be one), Professor Pigou gave a piece of warning to students of economics which deserves special notice today in our country. It is possible..
The trouble with us is not that we do political economy. The trouble is that political economy has often a tendency to degenerate into crude propaganda. Professor Pigou’s warning is directed against this latter. Political Economy, let us..