WAR WITHOUT INFLATION

There is plenty of information of vital interest to the layman in this study of a year of war economy by a psychologist. Unfortunately, the manner is pedantic and textbooky, and it takes deep digging to pull out the matter that will catch the attention of the average reader. He discusses -- from a psychologist's viewpoint -- the pros and co of price fixing and rationing, and his conclusions in the main are that the experiments of 1941-42 were a failure due to inadequate conditioning of the public by facts. He discusses ways of fighting inflation, and proves his point that no economic trend is inevitable, and that inflation is not a necessary concomitant of war and can be fought by legislative and administrative action combined with orientation of publicity. He analyzes wartime taxation, its purposes, its phases; wage stabilization; saving; government publicity -- good and bad. It should be a more encouraging book than it is!