TRADE AND WELFARE. By J. E. Meade. (O.U.P., 45s.) DAVID
HUME : Writings on Economics. Edited by Eugene Rotwein. (Nelson, 30s.) THE second and final volume of the series 'The Theory of International Economic Policy,' issued under the auspices of the Royal Institute of International Affairs, has now been pub- lished; it is a monument to the patient industry of Professor Meade, but it is doubtful whether such massive edifices are worth building on today's shifting economic sands. Hume's letters as well as his essays have been used to provide this account of his opinions as an economist, and Professor Rotwein contributes a useful introduction. It is time that the relation of the economist to administration and industry was more clearly defined; and Professor E. A. G. Robinson has had the sensible idea of fusing a translation of Joehr's work with a commen- tary by Dr. Singer; the book does a good job of clearing the ground in its discussion of the economist's function in his advisory capacities.
HYDE MONTGOMERY
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