In this, one of the most important books of the quarter, Sir Arthur attacks the world crisis in the fundamentals. As director of the economic and financial section of the League and as secretary of the Reparation Commission he had rare opportunities to observe at first hand the movement of economic life and the evolution of government policies. Knowledge and breadth of view mark every page of his volume. Starting with the idea that the astonishing recovery of the world after the war was really fictitious, he sets himself to discover the mistakes made, and, firm in the conviction that the present crisis is not beyond the power of humanity to overcome, he offers concrete suggestions for corrective measures. The book should be read, not summarized.