12 OCTOBER 1929, Page 33

Inasmuch as we are, or ought to be, all economists

now, a friendly word may be said for the little text-book on Business Economics that Mr. Thomas'Beach and Mr. Douglas H. Smith have written (Routledge, 3s. 6d.). The authors preside over two of the London County Council's Commercial Institutes, and know that the average man's ignorance of economies is profound.. Their exposition of the elementary problems of capital an labour, the money market and international trade, and so forth, is commendably simple—sometimes,- perhaps, too simple—and should help their readers to understand the

City page in the daily newspaper and to follow current controversies.