In This Review

The Inflationary Spiral: the Experience in China, 1939-1950
The Inflationary Spiral: the Experience in China, 1939-1950
By Chang Kia-Ngau
Technology Press, Wiley, 1958, 394 pp.

A former cabinet minister of the Nationalist Government examines the causes and effects of runaway inflation in China during the war years and after. In the author's view inflation was the direct and immediate cause of the political collapse.