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Political Economy

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An International Organization Reader

This is the second of two anthologies on international political economy drawn from articles published in the journal International Organization. The book is organized into four sections: Trade, Multinational Firms and Globalization, Money and Finance, and Emerging Issues.

How should the government balance the aims of justice and economic efficiency when intervening in the economy? In Political Economy of Fairness Edward Zajac seeks not only to raise the level of the fairness-economic efficiency debate, but to show both the importance and the difficulty (illustrated by the ongoing struggle of the Supreme Court to put meaning into the Sherman and Clayton antitrust acts) of getting the economic theory right in executing fairness-motivated policy.

Diversity, Trends, and Conflicts

Latin America's Economy provides a clear, comprehensive, and accessible overview of major economic issues facing Latin America today, including balance of payments problems, inflation, stabilization, poverty, inequality, and land reform. Each chapter centers on an economic problem, presenting major economic theories about the causes and possible solutions to the problem. The authors provide numerous cross-country examples to demonstrate how individual countries are affected by economic trends or policies.

A comparative perspective and an analytic approach grounded in mainstream economics distinguish this broad, accessible introduction to the Japanese economy. Throughout, Ito utilizes standard economic concepts in comparing Japan with the United States in terms of economic performances, underlying institutions, and government policies.

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