Us external adjustment: progress, prognosis, and interpretation / William R. Cline -- A sectoral assessment of the US current account deficit: performance and prospects / Allen J. Lenz -- Comments / Peter Hooper, Robert Z. Lawrence -- Reply / Cline -- Surprises and lessons from Japanese external...

Twentieth-century Europe was an intense laboratory of capitalist experimentation. Confronted with economic booms and crises, technological revolutions, and economic globalization, Western Europe's governments constantly explored alternative ways of managing domestic economic systems and...