Publisher's Synopsis
Excerpt from The Economic Schools and the Teaching of Political Economy in France
This is a severe judgment; and, unfortunately for us, it is not merely an individual Opinion. Many economists, not only in America but also in Europe, would be likely to express the same conclusion, although possibly in a milder form. It is a commonly accepted opinion in the scientific world that the study of economics in France is decidedly on the wane; that the French genius, which formerly took the initiative in so many fields, and which even in the domain of economics paved the way for Adam Smith, has become barren; and that her most distinguished economists are something like riding-school horses, well trained, but trained to move continually in the same circle.
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