Democracy, Debts and Disarmament

In This Review

Democracy, Debts and Disarmament

By Walton Newbold
Dutton, 1933
375 pp. $3.00

Neither democracy nor disarmament comes in for much discussion in this book, which, however, has an interest of its own. The writer, well-versed in the history of finance, was for some years a communist Member of Parliament and served on the Macmillan Committee to investigate the working of the gold standard. The volume in hand is essentially a plain-spoken history of modern international finance, with special reference to its political implications. Anyone interested in international affairs will find it instructive, even if one dislikes the author's communist leanings and his conviction that the capitalist system has run itself into the ground.

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