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LABOUR POLICY—FALSEAND TRUE

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LABOUR POLICY—FALSE
AND TRUE

A Study in Economic History and
Industrial Economics

BY
LYNDEN MACASSEY

‘Felix qui potuit rerum cognoscere causas.’

THORNTON BUTTERWORTH LIMITED
15 BEDFORD STREET, LONDON, W.C.2

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First published August 24, 1922

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PREFACE

Portions of some of the chapters in this book havealready appeared in The Times, the Quarterly Review, theEdinburgh Review, the Nineteenth Century, the Sunday Timesand the Evening Standard, and are now incorporated in theirproper place in the larger scheme on which they were originallywritten. I am indebted to the proprietors of those publicationsfor their kindness in permitting me so to reproducethem.

An old friend and valued colleague of mine in the Departmentof Shipyard Labour—Mr. C. F. Farrar—did me the greatservice of assisting to get the book through the press.

To my Secretary, Miss K. I. Toogood, I owe the preparationof the Index.

L. M.

August 12th, 1922.

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CONTENTS

PAGE
Introduction. 15
PART I. THE FALSE POLICY OF LABOUR
CHAP.
I The Labour Party’s Constitution and Its Defects 21
Origin of the Labour Party—Reconstitution in 1918—The Trades Union Congress—The National Joint Council—The Parliamentary Labour Party—The Labour Party, a Class Party—The Party’s Want of Leadership.
II An Outline of the Labour Party’s General Policy 32
A National Minimum Standard of Living—Effective Personal Freedom—Socialization of Land and Industry—A Revolution in Public Finance—The Surplus Wealth for the Common Good—International Co-operation—No Protective Tariffs—Freedom of International Trade.
III
...

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