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Purpose and Plan of this Book

In: Reversing Economic Decline

Author

Listed:
  • John C. Carrington
  • George T. Edwards

Abstract

A great deal of modern economics is theoretical. Theories are all very well, but if theory is to be useful as a guide to practice, then a comparison needs to be made, from time to time, between the predictions of the theories and the touchstone of the objective reality. This is the more important because, as Keynes pointed out, ‘Practical men, who believe themselves to be quite exempt from any intellectual influences, are usually the slaves of some defunct economist.’1

Suggested Citation

  • John C. Carrington & George T. Edwards, 1981. "Purpose and Plan of this Book," Palgrave Macmillan Books, in: Reversing Economic Decline, chapter 1, pages 1-12, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-16497-4_1
    DOI: 10.1007/978-1-349-16497-4_1
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