In This Review

Die Deutsche Staatsfinanzwirtschaft Im Kriege
Die Deutsche Staatsfinanzwirtschaft Im Kriege
By Walther Lotz
Yale University Press, 1927, 151 pp.

An outstanding volume in the Carnegie series. The writer, a well-known German economist, shows to how large an extent the war was financed by the German government by means of loans, and explains why the system of greater taxation was difficult.