No one is better qualified to interpret the economic history of modern Germany than Dr. Stolper, founder and for many years editor of the Deutsche Volkswirt and member of the Reichstag under the Weimar Republic. He combines a meticulous scholarship and a journalist's feeling for readability with a keen political sense. Dr. Stolper's account shows clearly that the trend towards state control over economic life was already well advanced in Germany by 1914 and that the First World War and its aftermath so accelerated the process that it was nearly completed when Hitler took power.