Abstract
IN this book Mr. C. R. Pay discourses on a wide range of subjects, including topics so varied as the outlook of youth, trade unions, Adam Smith and foreign trade, unemployment, immigration, and the psychology of revolt. Its scope is thus better indicated by the sub-title, “Diversions of an Economist”, rather than by the main title. A special interest is attached to Mr. Fay's reflections, since he has had exceptional opportunities of studying conditions in Great Britain, Canada, and the United States. In discussing unemployment, for example, he is thus able to contrast conditions in various countries. In France there is a great degree of economic stability, due largely to her agricultural democracy, but in Great Britain technological unemployment, which is distinctively American, has been added to various pre-War causes. These, playing upon Britain's peculiar post-War situation, have produced a position in which one industry after another is depressed. The present problem, in his view, is one of readjustment to a new world balance which calls for an unusual degree of co-operation between employers and employed. The book as a whole is very readable and should interest the general reader as well as the professional economist.
Youth and Power: the Diversions of an Economist.
By C. R. Fay. Pp. ix + 292. (London, New York and Toronto: Longmans, Green and Co., Ltd., 1931.) 10s. 6d. net.
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Economics. Nature 128, 955 (1931). https://doi.org/10.1038/128955b0
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DOI: https://doi.org/10.1038/128955b0