Tugwell After Eighty Years

Abstract

In 1924 Rexford Guy Tugwell edited <em>The Trend of Economics</em>, a volume comprising essays by Morris Copeland, Sumner Slichter, Frank Knight, AlbertWolfe, Wesley Clair Mitchell, Paul Douglas, Frederick Mills, William Weld, Raymond Bye, John Maurice Clark, Robert Hale, George Soule, and Tugwell himself, in other words, an honor roll of social scientist-economists of the early twentieth century. Tugwell’s contribution is entitled “Experimental Economics,” an essay not to be confused with what in the last decades of the twentieth century became experimental economics, but an exegesis on the state of economic science in the early 1920s. “Tugwell After Eighty Years,” is a critique of pertinent portions of “Experimental Economics” that reveals origins of social and economic problems of the early twenty-first century in issues Tugwell observed in 1924.