Reservoirs of water, wheat and gold


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ABSTRACT MATHEMATICAL economics has been too little enriched by bold analogies linking science to science. The work of M. Pierre Massé is therefore especially welcome, and deserves early


translation; for, starting from his experience in hydro-electric development, he has built up a general theory of reserves. Within this theory the problems of commodity stocks and of money


savings appear as special applications; and the whole is illuminated by his cross-references to the theory of reservoirs of water. M. Massé's theory does not dissolve into airy


abstractions, like the work of many who try to apply general mathematical methods to the innumerable complexities of the real economic world. It has both feet firmly on the ground; its


conclusions conform to common sense, The final chapter of the second volume links the argument to the ‘General Theory’ of Keynes; and this link to the most practical of general economic


theorists is by no means incongruous. M. Massé is in the Keynesian tradition. Les réserves et la régulation de I'avenir dans la vie économique. (1) Avenir déterminé By Pierre Massé.


(Actualités scientifiques et industrielles, No. 1007.) Pp. 149. (Paris: Hermann et Cie., 1946.) 250 francs. (2) Avenir aléatoire By Pierre Massé. (Actualités scientifiques et industrielles,


No. 1008.) Pp. 230. (Paris: Hermann et Cie., 1946.) 375 francs. Access through your institution Buy or subscribe This is a preview of subscription content, access via your institution ACCESS


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institutional subscriptions * Read our FAQs * Contact customer support Authors * CHARLES F. CARTER View author publications You can also search for this author inPubMed Google Scholar RIGHTS


AND PERMISSIONS Reprints and permissions ABOUT THIS ARTICLE CITE THIS ARTICLE CARTER, C. Reservoirs of Water, Wheat and Gold. _Nature_ 160, 383–384 (1947). https://doi.org/10.1038/160383b0


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