ABSTRACT
The thought ever accompanies people that everything should be done in the contemporary whirlwind to give humanity a greater degree of effective and genuine security. Earlier, people would have been accustomed to see the cause of economic disturbances in the faulty construction of our economic system or in deficiences in economic policy and expected their prompt removal by the pulling of some lever or other. A situation might very easily arise again in which it would be necessary to prevent a boom of that kind from developing however unpopular throttling a boom might prove. To hear the advocates of "full employment" in every country gives the impression as though it were something one needs only to desire without bothering to consult any scientific oddities, a long tried-out recipe which is only awaiting use. One can scarcely emphasise sufficiently strongly that the ideas lying behind it are false just as there is no experience which would warrant them.
