Practical Economics

This volume compares the planning of economic conditions under the very different political systems of Soviet Russia, Fascist Germany and Italy and Democratic America, with some discussion of partial economic planning in Great Britain. It includes a broad survey of the successive phases of the Five Year Plans in the Soviet Union, the New Deal in the United States, and the diversion of the German economic activity to war preparation under the Nazi Four Year Plan. The author discusses the essential conditions for successful economic planning.