An Englishman once watched his first American football game. He looked intently as the team gathered into a huddle after each play. His American host asked him what he thought of the proceedings. “Not a bad sport,” remarked the visitor, “but they do seem to engage in an excessive number of...

1. Make the national labor markets more flexible in order to avoid additional unemployment. 2. Do not Europeanize wage formation. 3. Leave employment a national responsibility. 4. Do not push for a social union. 5. Resist the political demand for transfers. 6. Accept the 'one-size-fits-all'...