ABSTRACT

James Harvey Rogers belongs to the distinguished line of economists who were attracted into the field after a considerable formal training in mathematics—the line of Cournot, Marshall, Pareto, and Professor Irving Fisher, among many others. Economics has offered the mathematician enlarging scope for the rigorous statements of formal propositions. Professor Rogers had studied monetary theory with Professor Irving Fisher at Yale, and his experience as statistician with the Council of National Defense had afforded insight into the possibilities of its application. In the post-war years, every day presented new problems. The Process of Inflation in France is the largest and most comprehensive published work of Professor Rogers. It surveys, from a monetary perspective, the movements of the whole French economy in the war and post-war years. The relation between the monetary circulation, the foreign exchanges, interest rates, prices, and output are fully explored.