That is the spirit of modern Liberalism, which gives unity to the diversity of this little volume. As has often been said, Liberalism is an attitude of mind rather than a body of definitely formulated doctrine. It does not claim to know of any formula which will guide us out of all our troubles, or of any panacea that will cure every social ill. It recognises that we are surrounded in every field of social and political life by infinitely difficult problems for which there is no easy solution. It puts its trust in the honest inquiry and thought of free men who take their civic responsibilities seriously. CONTENTS PAGE Preface v The League of Nations and the Rehabilitation of Europe _Rt. Hon. Lord Robert Cecil_ 1 The Balance of Power _Professor A.F. Pollard_ 19 International Disarmament _Sir Frederick Maurice_ 37 Reparations and Inter-Allied Debt _John Maynard Keynes_ 51 The Outlook for National Finance _Sir Josiah Stamp_ 59 Free Trade _Rt. Hon. J.M. Robertson_ 74 India _Sir Hamilton Grant_ 92 Egypt _J.A. Spender_ 111 The Machinery of Government _Ramsay Muir_ 120 The State and Industry _W.T. Layton_ 145 The Regulation of Wages _Professor L.T. Hobhouse_ 165 Unemployment _H.D. Henderson_ 176 The Problem of the Mines _Arnold D. McNair_ 194 The Land Question _A.S. Comyns Carr_ 212 Agricultural Questions _Rt. Hon. F.D. Acland_ 227 THE LEAGUE OF NATIONS AND THE REHABILITATION OF EUROPE BY THE RT. HON. LORD ROBERT CECIL K.C., M.P., Assistant Secretary of State for Foreign Affairs, 1918. Minister of Blockade, 1916-1918. Representative of Union of South Africa at Assembly of League of Nations. Lord Robert Cecil said:--I ought to explain that I am here rather by accident. The speaker who was to have addressed you was my great personal friend, Professor Gilbert Murray, and you have greatly suffered because he is not present. He is prevented by being at Geneva on a matter connected with the League, and he suggested that I might take his place. I was very glad to do so, for, let me say quite frankly, I am ready to advocate the League of Nations before any assembly, certainly not least an assembly of Liberals. But not only an assembly of Liberals--I should be ready to advocate it even before an assembly of "Die-Hards."