ABSTRACT

"Things can never be the same again"—The period of 'Reconstruction'—The return to 'normalcy'—Post-war boom and slump—Banking and unemployment—The restoration of 'private enterprise' a failure—The growth of insecurity—The decay of capitalism—Socialist hesitations—Post-war economic problems: the coal industry—Nationalisation, old and new—Pre-war and post-war unemployment compared—The wages question—The need for fresh political thinking—The flight from politics—The vested interests and the common man—The post-war generation and its attitude—The intelligentsia—The case for political Benthamism—Are Utopias out of date?—The cant of Utopianism—And its virtues—The need for a self-acting economic system—Happiness as a political principle —And as a guide to individual conduct—The need for intellectual honesty —We must think out the new problems of the post-war world.