Volume 20, Number 19 · November 29, 1973
Balancing the World's Accounts
By Robert L. Heilbroner
America and the World Political Economy
by David P. Calleo, by Benjamin Rowland
Indiana University Press, 371 pp., $2.95 (paper)
The term 'political economy' is enjoying a kind of nostalgic high esteem these days. This is hardly surprising, in view of the condition of conventional or 'neoclassical' economics. Consider the following disconcerting illustration. I think most people would agree that the main economic trends of the years since 1945 have been these:
Review, 2970 words
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