In This Review

Introduction to World Economics
Introduction to World Economics
By Kemper Simpson
Harper, 1934, 311 pp.

This is not a textbook, but a good general discussion of the economies of the United States, Great Britain, Germany and France. The author, a former economic expert in the service of the United States Government, tries to show how hopeless are ideas of national sufficiency and how much the economic life of the great nations depends upon international coöperation. He holds, therefore, that there can be no real recovery for America without a further extension of collaboration with the European Powers. The reader will find in this volume much of basic interest in the discussion of markets, money and banking, price levels and cost levels and capital movements.