26 SEPTEMBER 1914, Page 24

The Economics of War. By "Economist." (P. S. King and

Son. 3d.)—This pamphlet is a brief but able plea for "better pay and security for those serving their country." The author points out that, during the war, our chief economic aims must be, first, to offer to our allies " such a bulwark of economic stability and elasticity as they can rest on in their corresponding economic disaster " ; secondly, to preserve those amongst ourselves whose means are narrowest from more suffering than falls to the share of all. He argues that both aims can be achieved by such a vast "readjustment of employment" as would be brought about by paying our soldiers and sailors at the same rate as skilled workmen, with pensions on the same scale, and certainty of employment for at least two years after the war.