Description
โข Is the present economic surge in the United States the beginning of a boom triggered by Reaganomics? Or is it a short-lived splurge simultaneously fueled and endangered by huge and increasing budget and trade deficits?
โข Are the Japanese the villains in the world's growing trade imbalance? Or have they actually developed a superior economic system?
โข Why is the once vaunted German industrial machine now stagnating?
โข Will Britain's harsh monetary policies destroy its economy or turn it around?
โข Do the French, with their experiment in economic socialism, hold the key to our future?
The Power Economy, which answers these questionsโand a host of othersโis a sophisticated yet accessible analysis of the American and free-world economy. Combining a lucid writing style and a fascinating mixture of economics and politics, John Oliver Wilson explains why Reagan- omics and the other major economic experiments being tested in the West will not solve the problems of high unemployment, increasing budget deficits, or the continued threat of inflation. At this turning point in world economic history, he examines the dangers of protectionism and the issue of industrial policy. Wilson then presents a detailed plan for coordinating our policies - monetary, fiscal, industrial, and trade- that will produce the Power Economy: a world in which inflation and interest rates are moderated while employment, profits, 'and productivity expand steadily. The absence of such domestic and international coordination, Wilson convincingly argues, will result in a gloomy, possibly disastrous, economic future.
