SOME BOOKS OF THE WEEK.
tKoRec in this column does not necessarily preclude subsegund review.]
The Manchester Guardian Commercial has published the first of a-series of-shilling supplements dealing with Reconstruction in Europe, under the editorship of Mr. J. M. Keynes. It is a handsome production and contains a series of authoritative articles by British, American and European economists and financiers on the problems of the foreign exchanges, with tables illustrative of trade conditions in the principal countries. Mr. Keynes's plan for stabilizing the exchanges deserves special mention ; it would involve a reduction of the old par value, varying in proportion to the financial weakness of each European country. Mr. Dudley Ward's description of the actual working of the foreign exchange market in London is curiously interesting and will be new even to most City men.
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