POST-WAR RATIONS CALLED NECESSARY

Alexander Loveday, Director of the Economic, Financial and Transit Division of the League of Nations, in a lecture at the Littauer Lounge last night, emphasized that unless we plan ahead constructively for the transition to peace economy we will soon find ourselves again at war.

Surveying economic conditions since 1918, he ascribed World War II to the abnormal readjustment resulting from the sudden relapse to unrestricted competitive commerce and free enterprise immediately on conclusion of hostilities.