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The Economics of 1960

Nature volume 150, pages 6970 (18 July 1942) | Download Citation



MR. COLIN CLARK is easily the most daring of statisticians. We have known since he published his “Conditions of Economic Progress” that there is almost no degree of inadequacy in the data that is enough to deter him from arriving at some sort of a quantitative conclusion, however provisional it has to be. In his new book he applies to the future the methods he has made his own in handling the present and the past. His general thesis is that the course of economic development over the next two decades will probably be affected very little by political events. War may retard the processes of growth, but will scarcely alter their character ; and changes in social system and class structure can also be disregarded in measuring the probable movements of the wprld's economic life. In the past, Mr. Clark maintains, wars and revolutions have been unable to override fundamental economic forces ; and we and our children are likely to find it so again.

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