Three parts of Professor Fay's Great Britain from Adam Smith
to the Present Day (Longman's, 12s. 6d.) are devoted to Finance from Walpole to Joseph Chamberlain, to a discussion of the growth within the period of trade and means of transport, and to a review of the improved methods of agriculture and the development of modern industry. The concluding section, which in particular commends itself to us, considers the reactions of Industrialism with special regard to modern co-operative methods and mass-production. The author, a Cambridge man, has the advantage of being able to look at economic problems from the point of view of a pro- fessor in Toronto University : he proclaims his ambition to promote mutual knowledge between Great Britain and Canada, and to make " Great Britain, through Canada, see steadfastly the essential friendliness of the U.S.A. towards the rest of the English-speaking world "—points in which we heartily concur, as our readers know. This is a valuable book, which we regret we have not space to deal with more fully.
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