TRADE CYCLES.
ABOLITION ESSENTIAL | "Capitalism must abolish the trade 5 cycle or perish," said Dr. J. C. Finlay p in addressing the Auckland branch § of the Economic Society, at the Univer- 7 sity College last evening, on an econo- " mic and social policy for New Zealand. - He declared that the trade cycle was _ not inherent in capitalism. " ™ A condition essential to economic » equilibrium, he said, was that the return j» in interest from both current and accu- 6 mulated investment should coincide P with the average rate of dividend produced by industry. These forms of in- S come, together with rent, wages and! profits, constituted the national income. I ~ If unemployment developed, it was' - because some portion of the total in- J come of the community which should be _ spent on consumption was not being so applied. This could be by .~. limiting individual investment. The right of an individual to refuse to con- £ suine a "fair share of his income' , was. = a root weakness of the present system, - and determined the right of many indi- IS jiduale to work. IKi K
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Bibliographic details
Auckland Star, Volume LXXI, Issue 200, 23 August 1940, Page 4
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181TRADE CYCLES. Auckland Star, Volume LXXI, Issue 200, 23 August 1940, Page 4
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