This volume presents the papers and proceedings of a conference sponsored by the American Enterprise Institute to assess the major challenges facing the essentially liberal international economic order and to discuss proposals for reforming the structure and operation of the system.

Gottfried Haberler's work on the theories of classical international trade and comparative cost, as well as his definitive synthesis of business cycle theory, have made a major impact on economic knowledge and understanding. He also participated actively in the post-war analysis of the causes of...

Als Mittel der Preispolitik, zur Dämpfung der Preissteigerungserwartungen und zur Korrektur der Vorstellungen über die durchsetzbaren Lohnerhöhungen ist eine gleitende Aufwertung diskutabel, auch wenn kein fundamentales Ungleichgewicht in der Zahlungsbilanz besteht. (G. Fels, H. Giersch, H....

Table of Contents: Herbert Giersch, Gottfried Haberler, Jan Tumlir, Juergen B. Donges, Bela Balassa, Europe's Role in the World Economy; Fritz Machlup, Johann Schollhorn, Norbert Walter Pascal Salin, Roland Vaubel, Roads to Monetary Union; Willi Albers, Fritz Neumark, Carl S. Shoup, Dieter...