NEXT May, in Geneva, there will meet the World Economic Conference, probably the most important yet organized by the League of Nations. Financial and economic authorities from all the States members of the League will meet to discuss the world's economic problems; and the present juncture is a particularly auspicious one. since a determined effort to put international relations on a better footing in the economic as well as in the diplomatic sphere, was started by the Bankers' Manifesto last year. Mr. Layton, who is editor of The Economist, is a member of the international committee that has been arranging the Conference.