INTRODUCTION xv
and guided the present investigation into capital expenditure
in Australia in relation to general prosperity.
A few further words by way of disclaimer are, doubtless,
necessary. The inevitable impression made on the mind of the
reader by this essay will be that Australia has achieved her
present standard of welfare by way of a succession of more or
less serious business relapses. This, of course, would be a sheer
distortion of the true facts of the case ; but it proceeds from the
undue emphasis which has, perforce, to be laid on the symptoms
of disease exhibited by the patient in less healthy moments.
For the economist, as for the surgeon, there lies in the con-
templation of pathological complications a certain gloomy
delight which is inseparable from a somewhat morbid profession.
But the greater pleasure, and the vaster service, consists in
devising means of remedy rather than in the mere diagnosis of
disease. The attitude of both is determined by a desire for the
patient’s welfare, and is directed towards prevention rather
than towards perpetuation of the unhealthy conditions. In
this motive must be found the excuse for the discomfort caused
by the probing processes of examination, which are the neces-
sary though painful preliminaries of recovery.