Does economics actually help us to understand and solve real world problems? Examining and analysing the role of economics and economic theory in the social and political life of the early twentieth century, many of the arguments contained in this book are as relevant and controversial today as when they were first published. Chapters include: 1. The Relation of Economic Theory to the Actual Economic World 2. The Nature and Insignificance of the Economic Science 3. Economics as Apologetics? 4. Economic Individualism