In This Review

The Dawes Plan and the New Economics
The Dawes Plan and the New Economics
By George P. Auld
Doubleday Page, 1927, 317 pp

This book, written by the former Accountant-General of the Reparations Commission, immediately takes rank as one of the really noteworthy contributions to the literature of reparations. The point of view is one diametrically opposed to that taken by Keynes and his school, and the book is quite as impressive as "The Economic Consequences of the Peace" for grasp of the subject matter and close reasoning. With the problem of the final success or failure of the Dawes plan looming up in the immediate future one should not neglect to read this lucid account of the making of the plan, its actual functioning to date and the outlook for the future, enriched, as it is, by the personal experience of the author.