THIS volume by Dr. Brooks Emeny is published by the Bureau of International Research of Harvard University and Radcliffe College as a study of one of the most important problems that shape American policy. It serves also as an important unit in a series of studies which the Bureau has undertaken. The series has as a general focus the question of national and international types of control over basic industries and commodities. In particular it may well be considered as a companion volume to the forthcoming work on International Control in the Non-Ferrous Metals, since these metals constitute so important a part of the present study from the point of view of the defense policy of the United States.
There is legitimate ground for argument, perhaps, about some of Dr. Emeny's conclusions; and certainly there is a possibility of other interpretations for some of his data, but no student who is interested in an accurate presentation of the complex facts upon which any procurement policy for national defense must rest can disregard this competent study. The charts in themselves are a monument to a patient and admirable labor of interpretation in the best tradition of scholarship.
The Bureau, of course, assumes no responsibility for the views or the facts presented in any of the studies which it helps to bring into print, but speaking as an individual member of the Bureau, I may be permitted to express my own satisfaction at the character of Dr. Emeny's work. Its importance at this time, when the United States is confronted by the need of reorganizing its whole commercial foreign policy, will be evident at a glance. Its bearing on our internal industrial development is also clear.