ECONOMICS.
Principles of Public Finance. By Hugh Dalton, M.A., D.Sc. (Econ.). (Routledge and Sons. 5s. net.) Principles of Public Finance. By Hugh Dalton, M.A., D.Sc. (Econ.). (Routledge and Sons. 5s. net.) Although this book contains the substance of lectures delivered at the School of Economics by Mr. Dalton, it cannot be regarded in any sense as a mere elementary text-book. On the contrary, it deals with fundamental principles of public finance in a very thorough fashion, and is rather in the cha- racter of—if the expression is permissible—a financial philo- sophical work on the principles governing Public Finance and Taxation. The chapters on Public Debts are particularly interesting at the present moment, explaining as they do the difference between internal and external debts and the direct and indirect burden to the communities of those obligations. Moreover, the writer is sufficiently emphatic to be interesting without being so dogmatic as to be tiresome.
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