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Charles Wolf Jr. - The Economic Pivot in a Political Context

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Charles Wolf Jr. The Economic Pivot in a Political Context
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When all too many so-called experts see things as they wish they were, Charles Wolf analyze facts to provide genuine insights into the past, present and future. This makes him an invaluable source for anyone who seeks to understand economic, political and security issues and trends.--Karen Elliott House, Wall Street JournalWolfs most probing essays, spanning several subjects appears here.

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First published 1997 by RAND Studies with Transaction Publishers
Published 2017 by Routledge
2 Park Square, Milton Park, Abingdon, Oxon 0X14 4RN
711 Third Avenue, New York, NY 10017, USA
Routledge is an imprint of the Taylor & Francis Group, an informa business
Copyright 1997 by RAND.
All rights reserved. No part of this book may be reprinted or reproduced or utilised in any form or by any electronic, mechanical, or other means, now known or hereafter invented, including photocopying and recording, or in any information storage or retrieval system, without permission in writing from the publishers.
Notice:
Product or corporate names may be trademarks or registered trademarks, and are used only for identification and explanation without intent to infringe.
Library of Congress Catalog Number: 97-3693
Library of Congress Cataloging-in-Publication Data
Wolf, Charles, 1924
The economic pivot in a political context / Charles Wolf, Jr. ; foreword by Newton N. Minow
p. cm.
Includes index.
ISBN 1-56000-326-X (alk. paper)
1. Economic history1990- . 2. International economic relations. 3. Economic policy. 4. United StatesEconomic conditions1981- . 5. United StatesEcnomic policy1993- . 6. Military policy. 7. Competition, International. I. Title.
HC59.15.W65 1997
338.973dc21
97-3693
CIP
ISBN 13: 978-1-56000-326-7 (hbk)
ISBN: 9781351291286 (ebk)
Contents

Newton N. Minow
Prologue:
Conventional Unwisdom and Unconventional Wisdom
. Edited version published as The Fine Art of the False Alarm, The Wall Street Journal, November 1, 1994.
. Edited version published as The Coming of the Neo-Classical World, The Wall Street Journal, February 23, 1996.
. Edited version published as The New Mercantilism, The Public Interest, no. 116, Summer 1994.
. Edited version published as Taking on the Global Gurus, The Wall Street Journal, May 1, 1996.
. Edited version published as How Do We Force Ourselves to Save More? The Los Angeles Times, August 11, 1996.
. Published in Business Economics, vol. 31, no. 3, July 1996, pp. 7-10. An abridged version was published as Private Money Gaining as Chief Economic Fuel, The Los Angeles Times, December 3,1995.
. Edited version published as The Dollar Depreciation Mystery, The Wall Street Journal, February 10, 1995.
. Edited version published in The Wall Street Journal, July 7, 1995. Review of The End of the Nation State: The Rise of Regional Economies, by Kenichi Ohame.
. Abbreviated version published as Why Asia-Pacific Holds the Cards, The New York Times, January 17, 1993.
. Edited version published as Us Against Us, World Monitor: The Christian Science Monitor Monthly, April 1993.
. Edited version published as The Limits of Trust, The National Interest, no. 41, Fall 1995, pp. 95-98. Review of Trust: The Social Virtues and the Creation of Prosperity, by Francis Fukuyama.
. Edited version published as When Too Much Agreement is a Danger to World Stability, The Los Angeles Times, August 8,1995.
. Abbreviated version published as Money and Might Policy Handmaidens, The Los Angeles Times, May 6, 1991.
. Edited version published in Korean Journal of Defense Analysis, Winter 1994.
. Abbreviated version published as Arms Transfer: A Trade That Needs Policing, The Wall Street Journal, March 16, 1992.
. Edited version published as U.S. Arms Exports Can Backfire, The Wall Street Journal, June 21, 1994.
. Abbreviated version published as The State of the World, The Wall Street Journal, February 4,1992. Review of Seize the Moment: America s Challenge in a One-Superpower World, by Richard Nixon.
. Edited version published as Beyond Cold War: Peace and Turmoil Zones, The Wall Street Journal, August 30,1993. Review of The Real World Order: Zones of Peace/Zones of Turmoil, by Max Singer and Aaron Wildavsky.
. Edited version published as Demystifying the Japanese Mystique, The New York Times, May 26, 1991.
. Edited version published as U.S.-Japan Trade Platitudes, The Asian Wall Street Journal, January 13,1994, and in The Wall Street Journal as Wrong Way to Talk About Trade, February 10, 1994.
. Edited version published as Its the Current-Account Deficit, Stupid, The Wall Street Journal, July 6, 1993.
. Edited version published as Strong Yen, Weak Economy, The Asian Wall Street Journal, July 27, 1994.
. Edited version published as Stimulating Japans Economy, Not Tariffs, Will Open Up Its Markets, The Los Angeles Times, June 11, 1995.
. Revised version published as How China Grew Overnight, The Wall Street Journal, November 16, 1993.
. Edited version published as Yin, Yang of Yuan and Yen, The Wall Street Journal, December 5, 1995. Review of Asia Rising: Why America Will Prosper as Asia s Economies Boom, by Jim Rohwer.
. Edited version published as In the Shade of the Rising Yen, The Wall Street Journal, March 21, 1995. Review of Japan: Who Governs?, by Chalmers Johnson and The American Economy, by Nicholas Spulber.
. Abbreviated version published as Friction-Filled Future for Big Three, The Wall Street Journal, August 12,1992. Review of A Cold Peace: America, Japan, Germany, and the Struggle for Supremacy, by Jeffrey E. Garten.
. Edited version published as Getting to Market, National Interest, Spring 1991.
. Abbreviated version published as Less Pain, More Gain for the East Bloc, The Wall Street Journal, November 19,1990.
. Abbreviated version published as Yeltsins Choice Democracy and Free Markets, The Wall Street Journal, June 3, 1992.
. Abbreviated version published as Reasons for Economic Optimism in Ex-U.S.S.R., The Wall Street Journal, January 3, 1992.
. First published as Reasons for Hope, World Monitor: The Christian Science Monitor Monthly, January 1993.
. Abbreviated version published as Independence for Ukraine and Russia, The Wall Street Journal, November 29, 1991.
. Abbreviated version published as Soviets Need Change, Not Tons of Money, The Los Angeles Times, September 12, 1991.
. Abbreviated version published as An Aid Package for RussiaBeyond Clintons, The Wall Street Journal, April 16, 1993.
. Abbreviated version published as Sweepstakes Capitalism, The Wall Street Journal, July 12, 1991.
. Abbreviated version published as Latin-Style Swaps for Russia, The Wall Street Journal, November 19, 1992.
The art of creating a well written, closely reasoned, persuasive and coherent essay is in danger of disappearing today. That is why the reader is so grateful that Charlie Wolfs excellent op-eds have been collected and preserved in this new book for permanent reference and intellectual nourishment. The current shortage of thoughtful discourse on tough public policy issues shows that sometimes the law of supply and demand doesnt work. Although there is plenty of citizen demand for balanced analysis and commentary, the supply these days in missing in action.
As Charlie explains in his prologue, almost all of his essays have appeared in print over the last six years in important and distinguished publications. Two appear in print for the first time because otherwise competent editors considered their arguments either too tame or too wild. You can judge for yourself the wisdom or taste of these editors. I suggest they were not used to such high quality.
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