Mr. H.G. Wells, that exceedingly clear-sighted man, has pointed out in a recent work that this has happened in connection with economic questions. The old economists, he says, made generalizations, and they were (in Mr. Wells's view) mostly wrong. But the new economists, he says, seem to have lost the power of making any generalizations at all. And they cover this incapacity with a general claim to be, in specific cases, regarded as "experts", a claim "proper enough in a hairdresser or a fashionable physician, but indecent in a philosopher or a man of science." But in spite of the refreshing
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