Economic Policy in an Interdependent World: Essays in World Economics
By Richard N. Cooper
MIT Press, 1986, 340 pp.
These 11 papers, says the author, continue and develop the central theme of his 1968 classic on interdependence, written for the Council on Foreign Relations. They combine evidence of his experience in government, first in the Council of Economic Advisers and then as under secretary of state for economic affairs, with "the judgmental use of abstract reasoning," which Professor Cooper finds "very satisfying" as a way to understand the world. His explanations of the circumstances in which each paper was written are very helpful to users of this excellent collection.