Government and business

I have pondered using the old term "political economy" in the title of this book, for that is what it is about. I have finally rejected the term, however, in the belief that its old-fashioned flavor would be misleading and dissuasive. For under any name the relationships and interplay be tween government and business is a field of speculation and study and controversy of great and increasing timeliness. Thorough grounding in it is vitally necessary to the competent government official and directly important to the alert business man. But more than that, of far deeper import, wide understanding of the subject among the electors, the citizens, of this representative democracy can be a positive factor in promoting the well-being and good government of the nation, and a bulwark of pro tection against the dangers from within to which this form of government is vulnerable. To contribute to such an understanding has been my prime

purpose in the writing. The manuscript had the benefit of a superb editing by my friend, Captain E. S. L. Goodwin, U.S. Navy, retired.