ABSTRACT
A VOLUME dealing with various aspects of monetary reform could not be regarded as complete if it ignored the political aspects. Politics and finance are to a very large extent interrelated. It is a commonplace popular with leader writers that while in France finance is determined by political considerations, in Great Britain politics are guided by considerations of the financial interests of the nation. This formula oversimplifies the situation, as formulae usually do. Politics and finance affect each other reciprocally in every country and in every age, though their relative degree of influence may vary according to country and according to period.
