Business: Empire Steppingstone

To U.S. business last week came a reasoned and challenging statement of what British Liberal opinion believes may be the economic future of the British Isles and Britain's Colonial Empire.

Free of the sound & fury which has recently characterized debate in this country about the British Empire, and free too of any trace of jealousy and suspicion which all too often marks Anglo-American relations, the statement is contained in the Dec. 12 issue of the London Economist, noted for its sense-making analyses of political-economic affairs.

Taking as its point of departure the Beveridge report (TIME, Dec. 14), the Economist points out what...

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