The Growth of World Industry

Abstract

The question I am raising to-night is as old as economic thinking. It is that of industry against agriculture, of town against country as the source of opulence. I do not pretend, of course, to be able to answer this question but it may be worth while traversing the ground again, for in matters which impinge, as this does, upon contemporary economic policy it is the function of the economist, as I understand it, to state the dilemmas even when, as is nearly always the case, he does not know the answers. These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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