Economics Never Was A Dismal Science. It

Man Does Not Live By Gnp Alone.

What Good Does It Do A Black Youth To Know That An Employer Must Pay Him $2 An Hour If The Fact That He Must Be Paid That Amount Is What Keeps Him From Getting A Job?

The Consumer, So It Is Said, Is The King Each Is A Voter Who Uses His Money As Votes To Get The Things Done That He Wants Done.

Two Factors Explain Our Success. One, Mit's Renaissance After World War Ii As A Federally Supported Research Resource. Two, The Mathematical Revolution In Macro- And Micro-economic Theory And Statistics. This Was Overdue And Inevitable, Mit Was The Logical Place For It To Flourish.

Economics Has Never Been A Science - And It Is Even Less Now Than A Few Years Ago.