Not long ago, American manufacturing was in sharp decline. The Big Three carmakers closed dozens of plants, mostly in Michigan and other surrounding states, eliminating more than 250,000 jobs. Another quarter of a million workers lost their jobs in related industries. Now United States manufacturing is making a comeback–thanks, in part, to the transplanting of …

Continue reading »

As the new Russian state struggles with the transition to a market economy, the need for radical monetary reform becomes increasingly urgent. The choice of reform is crucial, for it will largely determine Russia’s future economic performance. In order to break free of the lingering effects of Soviet central planning, the new Russian state needs …

Continue reading »

London 1993. Lg.8vo., 222pp., index, cloth. Fine in Fine DJ.

Source: Copyright deposit, Dec. 16, 1992.

Reiju? E No Michi: Zentai Shugi To Jiyu?

For decades economists have assumed that poor countries can’t support capital markets. This book puts the lie to that. Its wide-ranging exploration of twentieth-century financial institutions reveals that poor countries can’t develop without capital markets. From currency management in Russia in 1918 to financial liberalization in modern-day New Zealand and Chile. The case studies of …

Continue reading »

Sheet music for piano.