The Sir George Watson lectures are given in alternate years by Englishmen and Americans of distinction on “American History, Literature and Institutions”. Mr. Roy Harrod has chosen for his subject “The Dollar” as being an American “institution” of some importance and of special interest to an English audience in these days.

The book culminates in an extensive analysis of the present dollar problem. The reader will find in this book the latest views of this economist, who has done so much to throw light on the tangled course of events in recent years.