it will certainly be argued that Mr. Taylor's is not the way to get it. However, Dr. Marshall admits that American methods of scientific management will need to be somewhat modified before they can obtain a very wide acceptance in British industry. He does not discuss how they are being modified in their application in this country, where a good many experiments are actually being made. * * * * * In general, the book presents us with a pretty bright picture of capitalist industry. There is much that needs to be altered, yet progress, we are reminded, has been great: education has spread, the standard of comfort of the working-class has risen enormously, and "both competition and combination in Anglo-Saxon countries generally have been more inclined to construction than to destruction: emulation has often given an incitement to exertion stronger than that which was derived from the desire for gain...." We are not to be led away, therefore, by large socialistic schemes of reform. Collectivism would be unfavourable to the best solution of men for the most responsible work in industry; National Guilds "look only at the surface difficulties of business" and promise to lead us into nothing but chaos. INFLATION. By J. SHIELD NICHOLSON, M.A., Sc.D., LL.D., F.B.A. (Professor of Political Economy in the University of Edinburgh). King. 3_s._ 6_d._ net. Until the other day we all thought we were threatened with national bankruptcy, and a great many people think so still, despite the recent rapid conversion to optimism of the Government and the House of Commons. Professor Nicholson, we are sure, is not one of those who are impressed by the change. His interesting and outspoken little book may be summed up in two sentences--"The principal cause of the disorder of the body politic is the abuse of paper money," and "Our present need is to get back to a sound monetary system and to get rid of the mirage of inflation." He does not believe in the theory that an internal debt "makes no difference": that it is merely a transference from one set of pockets to another. And he does not think that the burden of the debt can be removed either by a capital levy or by a continuance of inflation, which, as he gloomily observes, is a popular remedy, both with the industrial and commercial classes. If that continues, its evils will continue--high profits, high wages, higher prices, and a general scarcity. The great practical difficulty is to stop the rise in prices. It may be done partly by greater output and lower profits, partly by reduced public expenditure, but, above all, by a reduction in the volume of paper currency. For that, Professor Nicholson observes, moral courage is needed, and also hard thinking. IRISH IMPRESSIONS. By G. K. CHESTERTON. Collins. 7_s._ 6_d._ net.