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My original research on the present subject was done a number of years ago as I was preparing a doctoral dissertation at Colum bia University. A second such premise is that it is at least as likely that Smith had a single view of existence that pervaded both his books as that he had two views of existence which contended in each of his books.

The Classical economist of the 19th century, with his faith in the ultimate efficiency and equity of free, impersonal markets, would certainly be amazed and dismayed by the developments in foreign exchange markets during the last thirty-five years.

When I first thought about this topic I encountered many ex pressions of surprise among my better-read friends, and a number of them asked me: "Is there really much love in Thomas Mann's works, and is it really important?"

Diplomatie history, though only a part, is a necessary part of the history of international relations. The historian therefore can and should describe the past, present and future, as it were, of the historical persons whom he studies: the past whieh provides them with oppor tunities and limitations, both objective and subjective;