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171 Annals Am. Acad. Pol. & Soc. Sci. xi (1934)

handle is hein.cow/anamacp0171 and id is 1 raw text is: FOREWORD THE function of an editor is twofold in the preparation of a volume dealing with current problems of vital interest. In the first place he must be sure that all phases of the problem are comprehensively treated by competent authorities, and in the second, he must be sure that both sides of the case are presented when there are important differences of opinion. The articles in the following pages themselves testify to the performance of the first function, and it is hoped that adequate expres- sion has been given to both sides where marked differences of opinion exist. When the volume was planned in the summer of 1933, the only basic problem of monetary policy was concerned with the suspension and possible restoration of the gold standard. Since that time the ques- tions of inflation and stabilization have come into prominence, and the editor-in-chief has decided to include here the addresses given on those subjects at a meeting of the Academy on November 22. No apology is needed for the inclusion of these papers in a volume on banking re- form, save that it perforce places the editor in the position of including two of his own articles instead of one as originally planned. F. CYRI JAMES

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