The League of Nations Its Economic Aspect

Cover The League of Nations Its Economic Aspect
The League of Nations Its Economic Aspect
Withers Hartley
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And business activity is largely a pyscho- logical question that is, a question of the state of mind of those who keep the wheel of enterprise spinning. If they believe that what they produce or buy will find a ready market, then the wheel spins merrily. If they have any doubt, then comes dread of glut and sluggish markets-, and grass begins to grow in the highways of commerce.
It may be said that certain fortunate nations have been shown by the experiences of the past four years to be outside
...the orbit of war, and that they at least have nothing to dread from a return to the status quo ante. But he would be a bold prophet who asserted that because a people has stayed outside this war it could be certain not to be sucked into the wider whirlpool of the next. And even if this certainty were possible, the position of the neutrals would ITS ECONOMIC ASPECT 13 hardly be economically happy if all their principal neighbours were reduced by the constant fear of war to a condition of diminished production and con- sumption.

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