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Book Review: The Need for Constitutional Reform, 35 Columbia Law Review 799 (1935)


Political scientists have been far less articulate and influential than economists in. this depression of "economic" life. Many political scientists have been called into active or consultative posts in connection, not only with T.V.A., a game preserve of political purity, but with several branches of administration. When men are out of work, rent, profits and dividends, it is plausible to discuss their plight in. economic language. Hence the vogue of the academic skill group named economists in the councils of state and marketplace. They tell us that recovery depends upon restoring the parities between "administratively controlled" prices which are inflexible and administratively uncontrolled prices which are flexible. We are told that reconstruction depends upon the separation of deposit from investment. We are told a great many other things about gold, goods, and prices ....

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