Professor Cannan is pre-eminent among our economists for his temperate
views and his clear and attractive style
no less than for his wide learning. All these qualities distin- *sh his new volume, A.Review of .Economic Theory (P. S. mg, 16s.), in effect, air informal history of the science to which he has devoted his long life. Professor Canaan takes the main questions seliaritrely_-Production; the theory nt value, capital, income and so on„. His examination of the successive theories of wages is especially interesting. Be does not spare the eminent John Stuart Mill, who invented the " wages-fund " idea, saw in later life that it was defective and yet had not the moral courage to abandon it. Professor Catalan's shrewd remarks on inequalities between individuals and between nations are worth notink. -maintains in a closing chapter that inequalities of income - tend to be lessened, but that most men look for se-cur-Ay first of all.
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