In Search Of Stability: Explorations In Historical Political Economy
In this well-integrated collection of first-rate papers, a Harvard historian explores some key characteristics of Western Europe and American policy toward it after two world wars. He finds a unifying theme in the effort to create stability but is well aware of the complexity of that process, and of the concept itself.
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President Johnson said recently of Europe: "The Europe of today is a new Europe. In place of uncertainty, there is confidence; in place of decay, progress; in place of isolation, partnership; in place of war, peace." Confidence, progress, partnership and peace-what better testimonial could there be to the health and vitality, both political and economic, of Europe today; and what better promise for Europe's future?
Although NATO is reinventing itself with newfound vigor, the effectiveness of the alliance requires that Washington grant Europe greater independence on defense.
Not for the first time, agricultural trade has become a live and contentious issue in Atlantic relations. Questions of access and protection have been subjects of constant concern to American farmers and traders since the establishment of Europe's Common Agricultural Policy 25 years ago. Now, though, under the pressures of surplus stocks of grain and falling farm incomes, there is a new area of contention--competitive subsidies designed to win or ensure shares in an erratic world market. Months of negotiation have failed to resolve the issue and neither the European Community nor the United States has shown any sign of being ready to sacrifice what both define as legitimate economic interests.
