ABSTRACT
Economics today rides the crest of intellectual respectability and popular acclaim. The serious attention with which our pronouncements are received by the general public, hard-bitten politicians, and even skeptical businessmen is second only to that which was given to physicists and space experts a few years ago when the round trip to the moon seemed to be our only truly national goal. The flow of learned articles, monographs, and textbooks is swelling like a tidal wave; Econometrica‚ the leading journal in the field of mathematical economics, has just stepped up its publication schedule from four to six issues per annum.
