In This Review

Reflections of Interdependence
Reflections of Interdependence
By Marina v.N. Whitman
University of Pittsburgh Press, 1979, 316 pp

These nine papers written over 10 years are firmly held together by their focus on the consequences for theory and practice of the openness of national economies, and the resulting "policy interaction" coming from the effects of what happens in one on the others. The international monetary system, exchange rates and balance-of-payments adjustment are dominant themes. Her stint in government happily reaffirmed Professor Whitman's belief in the value of economic theory to the making of public policy and, as these papers show, she functions well on both levels. The introduction not only ties together the main themes, but very honestly remarks on assumptions or arguments she held in the past which she would now change.