The transcript of a lecture delivered on 21st April 1953 by Leon MacLaren.
‘In politics the most potent forces spring from intimate human experience. ... In the end, these human considerations carry the greatest weight, as they should, for they are the more important. They set a tide of opinion in motion and the politician must swim with the tide - or sink. ... The function of the economist when he comes to deal with political subjects is to appreciate and understand the human situation in its relationship to economic events. The economic advice now tendered to governments and accepted by them is neither popular nor understood just because it pays little or no regard to human considerations. Because it is unpopular, economic policy is generally regarded as something to be overcome or evaded in the practical business of earning a living’.