Economists: Doctors of Development

The age of chivalry is gone; that of sophisters, economists and calculators has succeeded.

Edmund Burke, 1757

In 1964, no statesman of Burke's stature would be so unchivalrous as to lump economists in such questionable company—or so unwise as to be without an economist at his elbow. In the palaces and Parliaments of a hundred countries, economists are increasingly called upon to build, revive or draw together national economies. Their home is no longer the ivory tower, and their profession is no longer the "gloomy science" but a romantic and rewarding wielding of power....

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