POORER AFTER WAR?
ECONOMIST THINKS NOT Eec. 10.40 a.m. LONDON, Jan. 9. "People in the United States don't talk, like some of our leaders, about being poorer after the war. They are more sensible than our professional i pessimists," declared Sir William Beveridge, the British economist, in a speech. "Just before this war we were on the average much richer than 25 years before, with a standard of living about 30 per cent, higher in spite of the First .World War and in spite of the decline in international trade and the mass unemployment which followed it. The only experience we have had of war is that it does not leave' us poorer. Why should we be poorer after this war? There will have been some material destruction, but we shall have the same people, with a great increase of capital equipment and many new technical inventions. I hope that, above all, we shall have a new social invention which will enable us to do without unemployment."
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Bibliographic details
Evening Post, Volume CXXXVII, Issue 7, 10 January 1944, Page 4
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167POORER AFTER WAR? Evening Post, Volume CXXXVII, Issue 7, 10 January 1944, Page 4
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