Excerpt from The Political Economy of War 11, 1918, the unconscious processes of normal life were abandoned, and Europe swung reeling to the conscious agony of war. It is no purpose of mine to paint the unimagined horror of those fearful years. That work is for the historian and the poet of a later age. For him the clear heart, the human sympathy, the pity, the grace, the tears For the economist these years have framed a task much humbler, but one, nevertheless, which it is right that he should try to accomplish. They have set' out in strong relief, against the cool rhythm of a settled order, the strained and stressed economy of world-shattering war. What was the anatomy and physiology of that economy? 'how did the structures that had grown up in another environ ment and had adapted themselves to other ends respond to the new calls made upon them? To the Political Economy we have read hitherto there is needed a companion volume, the Political Economy of War. Some pages of this I shall try to write, partly in general terms, partly With more special reference to the experience of this country. If I succeed in any measure, some complex issues should be resolved and some confusions cleared. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.