The Economic Basis of American Politics


Why is there not one single American among the “great economists”? From its earliest days this country has had more economists than any other country. It has led in the development of the tools of economic analysis. Economists are everywhere—in government, in business, in the universities, in the labor unions. In no other country, indeed, is a knowledge of economics considered part of ordinary education; in the United States, however, we have for many years been trying to combat “economic illiteracy” in the secondary schools. And certainly there is no country in which popular interest ...

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