M.G. de Lapougerecently said, "Anthropology is destined to revolutionise the politicaland the social sciences as radically as bacteriology has revolutionised thescience of medicine." In so far as he speaks of economics, the eminentanthropologist is not alone in his conviction that the science stands in needof rehabilitation. His words convey a rebuke and an admonition, and in bothrespects he speaks the sense of many scientists in his own and related lines ofinquiry. It may be taken as the consensus of those men who are doing theserious work of modern anthropology, ethnology, and psychology, as well as ofthose in the biological sciences proper, that economics is helplessly behindthe times, and unable to handle its subject matter in a way to entitle it tostanding as a modern science. The other political and social sciences come in fortheir share of this obloquy, and perhaps on equally cogent grounds. Nor are theeconomists themselves buoyantly indifferent to the rebuke....