THE DREAMING ISLANDS
Sir,-It matters not what Mr Goldblatt imagines is proper in a "free market" with "supply and demand as its basis"-because those things are long forgotten dreams even in these dreame ing islands (as in most other parts of the world). Not only in a dream world, but even in this world as it remains after the defection of supply and demand, the theory of the professional economists concerning capital investment is a fallacy. I made that very clear in my first letter, when I wrote: "That the theory is fallacious is proved by the existence of economic restraints, etc." Mr Goldblatt’s description of the economists who hold such a theory as "my friends" must be a sample of a brand of humour which is unfamiliar to me. Finally, it takes more than an unsupported denial from Mr Goldblatt to upset. my claim that Canute was like a political force trying to hold back an economic tide.
K.
O'BRIEN
(Hastings).
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New Zealand Listener, Volume 37, Issue 939, 9 August 1957, Page 11
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162THE DREAMING ISLANDS New Zealand Listener, Volume 37, Issue 939, 9 August 1957, Page 11
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