This important book is the most ambitious attempt made thus far to analyze the progress of the Marshall Plan and to discuss its accomplishments. Although Dr. Ellis of the University of California is the responsible author, a staff of scholars contributed chapters in their fields of special competence, and the project as a whole was directed by a study group of the Council on Foreign Relations, with General Eisenhower as chairman. The book surveys the specific problems faced by the participating states and considers the implications in the determination of American policy. The basic importance of political factors in European recovery is recognized, but the specific treatment is of the economic questions. The prospects for the future are discussed within the framework of certain provisional assumptions.