SOME BOOKS OF THE WEEK.
[Notice to this column does not necessarily preclude subsequent review.] A lucid paper on The Economic Dislocation of the War (Glasgow : Carter and Pratt) has been reprinted by Professor William Smart from the Proceedings of the Royal Philo- sophical Society of Glasgow. We are glad to note that so high an authority is able to take an optimistic view of the situation, and to hold that, "if once we understand our duty as to consumption and our interest as to production, we shall so rearrange both our demand and our supply that, within a few months, we may, as it were, shut up the war within the warring countries, while we go on our way and carry on our business with the rest of the world." Germany, on the other band, is "very much in the position of a besieged city. . . . Unless something very unforeseen happens, economic ruin will bring her to her senses long before the overthrow of her arms."
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