Excerpt from 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. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.