' Keeping the Machine Going'
GEOFFREY CROWTHER
Just like a motor-car, the machinery of economics occasionally goes wrong. Advice there is in plenty, expert and inexpert. But the ' mechanics in the shape of economists, are in no more agreement as to the cause of the trouble than well-meaning but unhelpful passers-by are at the scene of many a car breakdown. One thing is certain : disorganisation of the economic machine causes a great deal of individual hardship. The first fault to remedy is the alternating periods of boom and slump. Would it help if wage-rates were moved up and down more freely ? This is a question which listeners may feel inclined to discuss amongst themselves after hearing Geoffrey Crowther 's talk.