End of Term Lecture 23rd July, 1952.
Ladies and Gentlemen,
Is any study simpler than economics? A child could grasp it . Our difficulties arise·; stream and flow from the superstitions and prejudices with which we surround it.
The Divine Wisdom which inspires all life and form makes this branch of learning easy to follow. Were this not true, we could despair of human progress .A knowledge of economics is essential to good government; and as men are best governed who govern themselves , a:. general knowledge of economics is necessary to good government .
A voter who votes in ignorance forges the chains which bind him .All who conduct business in ignorance inflict the injustices they suffer and are confounded by the confusion they cause. If the knowledge necessary to good government were vouchsafed only to a few, uniquely gifted to follow it, there would be no end to injustice and confusion. But this is not so.
The book of economics lies open before us .Its language is simple and its message clear. We may read it, not in any library , but in our daily lives and in our essential relations v1ith nature and each other. Let us look at it together .Lend me your imaginations so that our sight may be insight and our seeing understanding. Continue reading