Business: A Book

MONETARY REFORM—John Maynard Keynes—Harcourt Brace ($2.50).

Mr. Keynes, famed British economist, has never before emphasized so clearly the fact that he is a fiscal bolshevik.

Monetary Reform analyses the functions of money, shows how it affects the investing and business classes, the earner, production. It discusses inflation and its relation to taxation and a capital levy. It delves into the whole theory of money and the foreign exchanges. It suggests "alternative aims in monetary policy," and then advocates inflation, neatly garbed.

Mr. Keynes wants a devaluation of currency, which means stabilization of money at...