Cavalier Treatment

Economics and Action, by Pierre Mendes-France and Gabriel Ardant. 222 pp. New York: UNESCO and Columbia University Press. $3.50

The “action” the authors recommend for the modern Western economy consists of highly progressive taxation at all times, large-scale government expenditure during slack periods, and the use of such “scientific” advances against inflation as rationing, compulsory saving and blocked purchasing power during periods of inflationary pressure.

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M. L. Burstein

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Economics and Action, by Pierre Mendes-France and Gabriel Ardant. 222 pp. New York: UNESCO and Columbia University Press. $3.50

The “action” the authors recommend for the modern Western economy consists of highly progressive taxation at all times, large-scale government expenditure during slack periods, and the use of such “scientific” advances against inflation as rationing, compulsory saving and blocked purchasing power during periods of inflationary pressure.