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Updated: May 14, 2025
Edgar Crammond, a distinguished economist and statistician, published an article in the Nineteenth Century of September, 1915, entitled "High Finance and a Premature Peace," calling attention to this danger and urging the need for guarding against it.
First too bellicose and now too pacific, High Finance is buffeted and spat upon by men of peace and men of war with a unanimity that must puzzle it. It can hardly err on both sides, but of the two accusers I think that Mr. Crammond is much more likely to be right.
The times are pregnant with great possibilities, but their realisation depends upon the united wisdom of the people. The chapters reprinted from the Encyclopaedia Britannica are also useful. A valuable article on "The Economic Relations of the British and German Empires," by E. Crammond, appeared in the Journal of the Royal Statistical Society, July 1914. Mr.
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