IN THE early spring of 1947, the colleges at Claremont renewed an invitation made the previous year to Mr. Geoffrey Crowther to deliver a series of lectures on the economic rehabilitation of Europe. During the last week of February, 1948, at Los Angeles and Claremont he gave three lectures.
Mr. Crowther is the editor of The Economist, London, a journal of the greatest influence in international and financial circles. Due to this position, to his numerous corporate directorships and his frequent visits to America, he has kept in touch with European and American affairs perhaps far better than any man in his field.
To give a proper perspective of the material in these lectures it is well to keep in mind several pertinent facts in public consideration at the time the lectures were delivered. The Senate Foreign Relations Committee had just concluded its hearings on the Marshall Plan. Shortly afterwards the latest defenestration at Prague took place and the Czech Communists were installed firmly in power in a country looked upon by us as having a strong democratic tradition. The tension in the cold war between the Soviet Union and the United