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Wednesday, 1 December 1965

Mr IRWIN (Mitchell) .- After hearing the remarks of the honorable member for Grayndler (Mr. Daly) I ask: What does the honorable member mean by an economist? A person can study economics for years. That proves nothing. There are only four or five salient features in the study of economics. But a man who makes this study is simply a theorist. If he has had no experience in commerce and industry he would serve no useful purpose as a member of the Trade Practices Tribunal. I ask the honorable member for Grayndler: How many economists control any business or public concern? If the honorable member can answer that question I will be pleased.

Economists axe a necessary commodity to give opinions and to bring out statistics, but as for their controlling any industry or works, I ask the honorable member for Grayndler whether he can point out any economist in any sphere at all in Australia today other than in an advisory capacity?

Mr Kevin Cairns (LILLEY, QUEENSLAND) - Dr. Vernon.

Mr IRWIN - Of course, there may be economists in positions of control, but they have had further training in marketing, merchandising and managerial control. To appoint a theorist economist to this Tribunal would be simply stupid. A person would not be excluded from appointment to the Tribunal because of the fact that he was an economist provided he had the other experience in commerce and industry. To appoint a theorist economist to this Tribunal would be courting disaster. I oppose the amendment.

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