ABSTRACT
THE purpose of the remarks in this lecture can be explained very easily. I believe that there are sound reasons for encouraging an increased attention to the study of modern economic history in universities, especially among undergraduates-it may be that the subject already has its fair share of research workers, though not of research funds-and I wish to suggest what are some of those reasons. I also wish to consider what is involved, educationally, in teaching people to understand modern economic history more fully, since fuller understanding among those who can hardly avoid all contact with the subject is more important than the attraction of greater numbers who will make economic history their special study.
