Economic essays

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Monograph

Identifikator:: 1753623200

URN:: urn:nbn:de:zbw-retromon-136107

Document type:: Monograph

Title:: Economic essays

Place of publication:: New York

Publisher:: Macmillan

Year of publication:: 1927

Scope:: viii, 368 S.; Ill., graph. Darst.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

DINNER IN HONOR OF PROFESSOR JOHN BATES CLARK 367 That means a unifying of thought and feeling as well as of practical action. A great number of changes are involved and I am not going to recite them, but they have much to do with the question of future war and peace. That question is not settled, and no one can accurately judge as to the outlook; but some things we can know. Since the treaty of Westphalia there have been intervals of peace tending, on the whole, to grow longer. There have been three attempts to restore the ancient system of great empires and the world has gathered its forces and successfully resisted those efforts. The modern world has never been subjected to great monarchies like those which gave to the ancient world nearly all the peace that it ever enjoyed. Within their boundaries there was a large measure of peace, but very little freedom, while beyond the borders, there was more freedom than peace. That lived only under the shadow of despotism. The question of the present day, aside from that of further practical arts, is whether the unifying of the world, which has come about by an sconomic evolution, will lead us to a peace that can coexist with freedom. [s peace consistent with the independence of states? It is so if the organic unity that the economic system creates can be carried over into the realm of international politics. An heroic effort has been made to do exactly that. A league of nations now exists and has the support of most countries though Russia is not in it and, unhappily, America is not so. I am as proud as I can be of my country, in almost everything that falls within the sphere of economies. My pride is a negative quantity when it comes to international politics. What I should like to see is the spirit of world economics in some way penetrating world polities, and I should like to see my country lead rather than obstruct this noble and redeeming movement. That is all the economics and politics that I shall indulge in just now; otherwise I should be tempted to go much farther. I repeat my expression of gratitude to you all, for your kind regards, for your inspiring presence, and for something that will give me, not merely a day of happiness, but what I have the audacity to hope will be a reasonably long evening of life and similar happiness. All this and much more I hope and earnestly invoke for you all. Guest oF HONOR Professor John Bates Clark SPEAKERS Dr. Nicholas Murray Butler Professor Frank A. Fetter Professor Franklin H. Giddings Professor Edwin R. A. Seligman GUESTS Tugene E. Agger Benjamin M. Anderson, Jr. James W. Angell Stephen Baker George R. Beach James C. Bonbright Clarence W. Bowen Wendell T. Bush

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