When I accepted Mr. Kapildeva Malaviya's invitation to speak to you upon the subject of this evening, I was painfully conscious of my limitations. You are an economic society. You have chosen distinguished specialists for the subjects included in your syllabus for this year and the next. I seem to be the only speaker ill-fitted for the task set before him. Frankly and truly, I know very little of economics, as you naturally understand them. Only the other day, sitting at an evening meal, a civilian friend deluged me with a series of questions on my crankisms. As he proceeded in his cross-examination, I being a willing victim, he found no difficulty in discovering my gross ignorance of the matters I appeared to him to be handling with a cocksureness worthy only of a man who knows not that he knows not. To his horror and even indignation, I suppose, he found that I had not even read books on economics by such well-known authorities as Mill, Marshall, Adam Smith and a host of such other authors.