Kōrero: Economic thought

Free passage

The New Zealand Company placed conditions on those who could receive free passage to the colony. They wanted people who were going to work for wages, not those who were going to buy land. This policy was derived from economic thought at the time, and from bitter experience in other colonies where speculators bought land and sat on it – waiting for the development of the colony by others to increase its value.

Te whakamahi i tēnei tūemi

Alexander Turnbull Library
Reference: Eph-D-IMMIGRATION-1842-01-front

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

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Te tuhi tohutoro mō tēnei whārangi:

Gary Hawke, 'Economic thought - Wakefield and the economics of colonies', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/mi/zoomify/22294/free-passage (accessed 22 January 2020)

He kōrero nā Gary Hawke, i tāngia i te 11 Mar 2010