The Waterbury Democrat., 1937-10-20
New Formula Offered For
 World Peace
 At a Price


 Washington, Oct. 20 - Oficial eepudiation of the theory that iso- lation and neutrality acts could save this country from war has dis turbed many peaceful dreams and probably there have been few times when SO obvious demand existed for some fellow with feasible recipe for world peace.
 There is a large school of thought, including many of the heaviest thinkers on the subject, which holds that "quarantines" and other overt actions designed to curb ag- gressive, militaristic nations are dubious instruments for curing the worlds insanity and are likely to cause just so much more hell. This school believes there is no promis- ing path away from world chaos except through economic co-opera- ton between "haves" and have nots."
 Peaceful Way Proposed
 The most able and simplified summary in this field of study has just been brought out by the For eign Policy Association in the form of 6 small, illustrated booklet, Peaceful Change-The Alternative of War" by William T. Stone and Clark M. Eichelberger. Stone Is known here as one of the country's best-informed students of interna- tional affairs, in or out of the State Department. He and Eichelherger present a survey, prepared for the National Peace Conference for World Economic. Cooperation, which sketches world economies and poli- tics in way which will give no one Q headache.
 This is q brief digest in their summary, which attempts to tell what the dissatisfied nationS"-- Japan, Germany, Italy-want, the extent to which their demands are justified and what can be done about 1t.
 Search for economic solutions and peaceful change, the authors say, show that the crux of the whole problem is "the question of trade an markets, and the factors which limit the purchasing power of con- suiner nations" How to achieve conditions of justice whcih will make possible the maintenance of peace by diminishing the "have- nets" demand for new territory, ray materials and market? It Is admitted that some leading eco- nomists and political scientists con- tend there is little justification for the demands from the dissatisfied countries.
 World Agreements Needed
 Ability to buy Is just as vital in the case of nations as individuals If nations are to have equal access to raw materials. those who produce them must be willing to sell at a fair price, and those who wish to buy must have enough purchasing power.
 But is has become more and more difficult Co transact business between nations because of large walls of export restrictions, inter- national cartels, tariffs, trade preferences and dlscrlmlnatiOnS, quota and exchange controls and other trade barriers growing out of economic natlonalism. World production has scOOted far ahead of the volume In world trade, with an intensified scramble for markets.
 After asking, "Is there way out?", Stone and Eichelberger citt such suggestions as an internationa agreement providing that expor' duties should in no case discrim' hate between consumers, some in' ternational supervision of cartel' and monopolies, an open door prin' ciple for colonial areas-admittine all goods on an equal footing man date supervision over primitive and undeveloped countries, inter national planning for the exchange of goods, some plan for co-ordina' ton of national economic policies currency stabilIzation with tempo rary gold credits to such nations a! Germany and elevation of laboi standards by International agree ment so that reduction of trad' barriers wouldn't cause fear of un' tair competition.
 Will Nations Pay Cost?
 "Economic and military disarma ment must be achieved together | any solution Is to be found" ant two prime requisites are "a will t' permit change, and machinery t' provide adjustments" The United States must play It's part If coop eration is to become the norma method of conducting world affairs Admitting enormous and possibl, lnsuperable difficulties, the author conclude by quoting the Nationa Peace Conference platform:
 Are you willing to make as tn price of peace a fraction of tn sacrifices you would make fo var? Countless citizens have sacri aced their sons for their countr. ln time of war. Are nations willinl to make an adjustment of economic nolicy so that war will not occur? iCopyright, 1887, NEA Service, Inc.