Books: Easy Economics

THE PROMISES MEN LIVE BY—Harry Scherman—Random House ($3).

The U. S. has produced spectacular feats of economic practice. But it has not, except for the Single Tax ideas of Henry George, produced any original economic theory. The Promises Men Live By, a 492-page volume addressed to laymen, is offered as "a new approach." Its author, shrewd, 51-year-old Harry Scherman, is president and owner of the Book-of-the-Month Club, onetime successful adman and originator of the Little Leather Library, which in two years (1923-25) sold 40,000,000 copies through such outlets as Woolworth's and the...

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