In This Review
The Lexus and the Olive Tree

The Lexus and the Olive Tree

By Thomas L. Friedman

Farrar, 1999, 416 pp.

At a time when terms like "global glut" and "commodity-price deflation" are on the tip of every tongue, competent economic journalism may be the one commodity still in short supply. All too often, journalists are assigned to the economics desk even if their only experience lies in domestic politics or foreign policy. The top journalism schools claim to be turning out graduates literate in economics, but a semester or two of instruction is hardly adequate for grasping the complexity of modern markets. For their part, economists writing for a broad audience tend to get bogged down in technicalities and lose

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  • Barry Eichengreen is John L. Simpson Professor of Economics and Political Science at the University of California, Berkeley, and author of Toward a New International Financial Architecture: A Practical Post-Asia Agenda.
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