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"An economist ventures," in the author's own introductory words, "to rush in where psychologists fear to tread," and a prominent psychophysiologist introduces the venture as "one of the most interesting and significant books... during the last decades." The touch of originality is maintained by the revelation that the treatise goes back to a draft the author wrote as a student some thirty years ago. To the correct answers given then he feels he has at last found some pertinent questions. His hold on posterity may be strongest with this interlude between works which have established his contemporary reputation as an economist. An outsider's claim for competence in an alien field must rest on his scholarly acquaintance with it, fortified by that detached insight which the shortsighted expert may lack. The book fulfils both these conditions. Theoretical considerations of the sort implied by the title are apt to put off many
A Mon, study studied this question.