This collections brings together expert contributions to dissect the key political concept of the Third Way in theory and practice, assessing its development and legacy and suggesting criticisms and alternatives.

This volume, written by Robert H. Floyd, Clive S. Gray, and R.P. Short, contains three papers dealing with various aspects of the public enterprise sector and the impact that these may have on macroeconomic analysis

Widespread shortages in key inputs are common in mixed economies of developing countries. These shortages appear to occur at the same time that relatively high rates of capacity underutilization in manufacturing industries are observed. This paper develops a simple model which explains the...