In This Review

Opportunity Knocks: American Economic Policy After Gorbachev
Opportunity Knocks: American Economic Policy After Gorbachev
By Robert A. Solo
Sharpe, 1991, 216 pp
Purchase

"The goal is full employment and stable prices," and few would disagree with Solo, of Michigan State, that new methods will have to be found to reach these old objectives. He makes some strong points about the need to blend the activities of government and business and to mix the play of market forces with a certain purposeful direction of the national economy. It is hard, however, to give enthusiastic support to a set of prescriptions that includes devices to force foreign trade into balance, the stabilization of much international movement of capital, a world of benevolent and largely autarkic blocs and an idealized American version of Japan's MITI.