that the inevitable collapse was that, with the exception of a few eco

Chapter

ABSTRACT

WHAT IS STABILISATION? 1 during a certain number of years. In the long run, however, even the most thorough-going co-operation would have been unable to stand the test of having to resist the constant pressure caused by the lack of equilibrium. The edifice of post-war stabilisation was bound to crumble sooner or later, and it was perhaps a blessing in disguise that the inevitable collapse was not postponed beyond 1931.

that the inevitable collapse was that, with the exception of a few economists, every- there was no obvious con- their upward and downward movements were on that that from time to time the world will have to choose

ABSTRACT