fixing the price of gold arbitrarily, Washington would undermine the faith in its unchanging value. The public might regard the gold standard as "a fair weather vessel, likely to capsize and be abandoned in the first serious storm."
"Germany's World Class Manufacturers" Learning from Joseph A. Limprecht and Robert H. West Germany Hayes, in Harvard Business Review (NQV.-
Dec. 1982), Subscription Service Dept.,
P.O. Box 3000,Woburn, Mass. 01888.
Cultural differences make it...