Knowledge that Transforms

Introduction. The problem; definitions, page I.--I. The expansion of a single bank, page 3.--II. The expansion of the aggregate of commercial banks, page 15.--III. Observations on the single-bank and system coefficients, page 26. To Follow in Next Issue IV. The effect of central banking; the ratio of commercial bank credit to gold. --V. Observations on the member-bank system coefficients.--VI. Summary; conclusions.

I. Effects of the Crisis: I. Significance of export prices, 750; 2. Conditions in 1928-29, 751; 3. General effects of the crisis, 753; 4. Effects on public finance, 758. II. Measures toward Readjustment: I. The problem, 760; 2. Committees of inquiry,761; 3. Exchange policy, 762; 4. Wages and salaries, 765; 5. Interest, rent, andcapital obligations, 766; 6. Unemployment, 770; 7. Budgetary policy, 772; 8. Conclusion, 775.