vi ACKNOWLEDGEMENTS willingly of their valuable hours ; and to the Delegates and staff of the Oxford Press, I would here tender my grateful thanks. My debt to Professors F. W. Taussig and Viner will be suffi- ciently obvious in the text. I owe a special tribute to Professor D. B. Copland, whose interest and criticism were my greatest stimulus; to Mr. C. H. Wickens, Commonwealth Statistician, who was always ready to produce and interpret statistics; and. to Mr. Keith Isles, whose criticism and help in reading proofs were invaluable. G.L. W. UNIVERSITY OF MELBOURNE, January, 1930.