ECONOMICS

Dominion, Volume 21, Issue 128, 28 February 1928, Page 10

ECONOMICS

Sir, —Mr. P. J. O’Regan is at it again with his "violation of every known principle of political economy.” My ignorance is colossal, as 1 thought that “political economy”—now called economics—is merely another term for business. How can one violate every known principle of business by thinking in terms of either tree trade or protection? However, what :T should like to find out from Mr. O’Regan is, what local industry was considered by the Government when framing the last tariff, and what extra taxation was thereby imposed on the people? No doubt Mr. O’Regan would like to see New Zealand populated onlv by wharf workers and lawyers In a protectionist world it does seem futile to have to read all the old free trade fallacies which have been long exploded, dished up again as solemn facts Surely all the leaders of other countries cannot be wrong on this question and Mr. O’Regan right. One of the great errors of our teaching curriculum is that economics is taught by ‘’professors” who have not had any business experience, but pass on the old fusty ideas of a past world.—l am, etc., ROSE DAHTLE. Wellington, February 21.