In This Review

The Power Economy: Building an Economy That Works
The Power Economy: Building an Economy That Works
By John Oliver Wilson
Little, Brown, 1985, 320 pp.

In this vigorously argued and well written book, the chief economist for the Bank of America provides an excellent examination of the dominant policies of Britain, France, Germany, Japan and the United States in the 1980s and shows why they failed. In his strong and sensible suggestions for improvement, Mr. Wilson joins those who deplore insufficient international coordination of national economic policies. But his basic analysis seems to emphasize other mistakes as the main source of past trouble. His sound conclusions on trade and the vital need to avoid protectionism are only weakly supported by a rather slapdash chapter of description and analysis.