A comprehensive and challenging book, an important subject handled with Cole's usual clarity and grasp of his subject, his keen perception of all the salient factors. He starts out with a chapter proving very conclusively that economic planning is essential to a reestablishment of the world economic stability. He then analyzes what is involved, in planning not only production, but distribution, money, etc. He follows through with each country now developing some form of economic planning, analyzes the lengths to which that country has gone, where it has failed, where fallen short. The emphasis is, naturally, more on England, but the United States, Russia, Germany, Italy come in for their share. In conclusion he states that Roosevelt has simply bolstered a dying capitalism, not established constructive economic planning, and that failure is due to that wrong foundation, and the future stands or falls on the soundness of his monetary policy rather than on the N.R.A. A timely book.