This edition is a reprint of a book first published in 1938. Some of the language seems a little old-fashioned and quaint, as do some of the references to "new" items,(rayon yarn for example) but this only adds to the charm of the book.
The descriptions are precise, the illustrations are clear, and the techniques themself are classic. This book is loaded with interesting ways of doing things that I have never seen before. I would imagine that without books like this, some of these techniques and historical tidbits would stand the risk of being lost. That fact alone makes this book priceless. I would enthusiastically recommend it not just as a basic reference for any knitter, beginner or experienced, but for anyone interested in craft history.