Lekachman, Robert
April 1953
New Republic;4/13/53, Vol. 128 Issue 15, p21
This article presents information regarding the book "Economic stability in a Changing World," by John H. Williams. It becomes increasingly apparent that Williams shares something of the "practical man's" dislike of all kinds of theory, despite his reluctant confession of a need to theorize. Much theory he regards as a rationalization of situations now past and he discovers in theorists a regrettable, if comprehensible, tendency to turn inwards upon the internal logic of their theories rather than outwards to the problems theory is designed to handle. His natural skepticism of, economic theory and human benevolence perhaps unduly magnifies the difficulties of achieving these aims.


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