ABSTRACT
In this chapter, the author asks what rules of the game are accepted for various players in an industrial economy. The old rules of the game have become unplayable and badly need to be revised. The neo-classical doctrine purported to be universalist. The neo-classicals' ideology purported to be based on universal benevolence, yet they naturally fell into the habit of talking in terms of National Income and the welfare of the people. The neo-classical heritage has a great influence, not only on the teaching of economics but in forming public opinion generally, or at least in providing public opinion with its slogans. The idea that one is necessarily more "economic" than the other has no foundation except in ideological prejudice. It is possible to defend economic system on the ground that, patched up with Keynesian correctives, it is, as he put it, the "best in sight".
