Economics in a Unified World

[originally published in Volume 11, No. 1] Excerpt: "...I anticipate that the unified world of postwar years will see the people of its premier industrial nation torn by a wild debate about economic organization. Unless economists change their natures, which his not likely, they will be found on both sides of the controversy, providing neat rationalizations for both contending parties, and refutations of both the opposing cases. Perhaps the confusion will be worse confounded by a third party that will urge a fascist form of organization under some name that smells less sour. If so, the third party also will produce economic rationalizations and a trainload of promises. This is not a pleasant prospect to contemplate in the midst of a life and death struggle for free institutions..."