Book excerpt: First published in 1921, Problems of a New World deals with the economic and political issues that arose from the First World War. The first three parts of the study consider the world before the war, and the interests, purposes and ideals which influenced the national psyche during the years which followed. In the final two parts, Hobson assesses the political and economic conditions confronted by the post-war world, with a particular focus on the impact of war on industry, labour and the ideals of nationhood. This is an important work, of great interest to modern European and economic historians and students.