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the overloaded yet vital transport system in Austria-Hungary during the war was hampered greatly not by the lack of coal or locomotives but by illicit trade. Coal could have worked as a valuable commodity for illicit barter. This widespread practice further increased inflation as it shortened the amount of consumption goods available on the free market. The volume’s concluding section is again dedicated to Italy. Eleonora Belloni sheds light on the role of Italian industry in war mobilization and sketches the main developments of the economy transitioning to meet the needs of the war effort and, after the conflict, returning to a peacetime production mode. Among the many problems of the transition, Belloni also singles out inflation as the preeminent factor in this financial upheaval. Andrea Bonoldi rounds out the series of essays with a comparison between Austria-Hungary and Italy. Taking inflation as a starting point, he sets out to show the similarities in the prewar development of the two states, which both placed in the middle of the development scale of European economies. His comparison clearly demonstrates that the war hit AustriaHungary harder, yet Italy was also affected by grave economic problems. After the war, these economic challenges were among the factors that enabled the rise of illiberal regimes. Beside the generally fine quality of the essays, two factors make this volume a valuable contribution. First, it connects historians working on Austrian, Hungarian, and Italian topics, an effort that is rooted in a certain long-maintained tradition of Austrian and Italian scholars collaborating on elucidating their shared, often-contested history. Second, the volume makes available to an English-speaking audience a broad range of information regarding the economic history of Italy and Austria-Hungary during World War I. For scholars and students alike, this is a useful contribution to broaden the picture in the English-language literature and provide a starting point for further research.