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Book Reviews: 'On the Principles of Political Economy and Taxation', & 'An Essay on The Principles of Population'

Malthus, Ricardo and Marx

'On the Principles of Political Economy and Taxation', by Ricardo with introduction by R. M. Hartwell. 40p.

'An Essay on The Principles of Population', by Malthus with introduction by Anthony Flew. 36p.

Book Review: 'An Illustrated History of the Russian Revolution'

'An Illustrated History of the Russian Revolution' - (Vol. I. 195 pages. Publishers: Martin, Lawrence, Ltd., 26, Bedford Row. Price 10s.)

The work of which this is the first volume is described by the publishers as the "only complete history of the Russian Revolution.” The material was supplied by the Lenin Institute in Moscow and by many of the prominent men who played a part in these struggles. It contains a large number of excellent reproductions of photographs , relating to the events described.

This volume covers the period from the beginning of the present century to the middle of 1917. A second volume, to be published this year, is to bring the history up to the introduction of the New Economic Policy and the effort to reconstruct Russia’s industrial life.

What the I.L.P. Have Done for the Workers

When we ask the I.L.P. why they support the Labour Party, in view of its non-Socialist programme and actions, we are always told, in reply, that the justification lies in the fact that the Labour Party helps the workers to obtain "something now." In the New Leader for June 12th, 1931, is a statement issued by the National Administrative Council of the LL.P. concerning its relations with the Labour Party. It contains the following :—

“It must be noted as a remarkable fact that to wage a Socialist fight .against the poverty of the working class is made more difficult when a Labour Government is in power than at other times, and that obstacles are put in the way of, and threats directed against, working-class organisations maintaining that fight.”

If the I.L.P. believe this, why did their members in Parliament continue to keep the Government in office?

One for the Currency Cranks

The sectional interests of manufacturing, land owning and financial capitalists have always puzzled and misled the Labour Party and its satellites making them easy victims for the quacks who believe that the ills of capitalism can be cured by land tax or by currency juggling. Yet the situation is. not difficult to grasp. The workers produce the wealth, the capitalists own it. Out of the mass of wealth they produce the workers receive wages based on their cost of living. Out of the remainder the capitalists must meet all the expenses of production, and the costs of government, etc. Then they divide up the balance on terms which are the subject, of contract between themselves. In a time of expansion, when prices are rising, the capitalist who has goods to sell is improving his position. At such a time—for example, during the War—the Labourites howl loudly about the "profiteer" and the "hard-faced business man."

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