America has long been famous as a land of plenty, but we seldom realize how much the American people are a people of plenty—a people whose distinctive character has been shaped by economic abundance. In this important book, David M. Potter breaks new ground both in the study of this phenomenon and in his approach to the question of national character. He brings a fresh historical perspective to bear on the vital work done in this field by anthropologists, social psychologists, and psychoanalysts. "The rejection of hindsight, with the insistence on trying to see events from the point of view of the participants, was a governing theme with Potter. . . . This sounds like a truism. Watching him apply it however, is a revelation."—Walter Clemons, Newsweek "The best short book on national character I have seen . . . broadly based, closely reasoned, and lucidly written."—Karl W. Deutsch, Yale Review

In this volume, Charles Kindleberger makes a powerful case against the idea that any one model could be used to unlock the basic secret of economic history. It is essentially an exercise in methodology, addressed to economists and economic historians alike. He argues that too many economists discover a relationship or a uniformity in economic behaviour, develop a model, and use it to explain more than it is capable of, including, on occasion, all economic behaviour. These lectures discuss four 'laws' in economics to show how uniformities can illuminate economic history in particular aspects. They illustrate the view that the economist or economic historian seeking to test analysis against historical data should have a variety of different models, and not just one. The implication is that however scientific and technical the tools, choosing them carefully to fit particular circumstances is itself an art.