In This Review

The Downfall of the Gold Standard
The Downfall of the Gold Standard
By Gustav Cassel
Oxford University Press, 1936, 262 pp

The Swedish economist reëxamines post war monetary history and concludes that the old "automatic" gold standard is gone forever. He holds that the chief hope for the future lies in the creation of a new international monetary system independent of gold. He approves the present experiment with managed currency by the sterling area as a step in the right direction.