Geoffrey Hawthorn, 26 May 1994
Show More The Endangered American Dream: How to Stop the United States from Becoming a Third World Country and Win the Geo-Economic Struggle for Industrial Supremacy by Edward Luttwak.
Simon and Schuster, 365 pp., $24, October 1993, 0 671 86963 9Show More
Japan’s Capitalism: Creative Defeat and Beyond by Shigeto Tsuru.
Cambridge, 277 pp., £24.95, June 1993, 0 521 36058 7Show More
“... has kept firms at it. In his gentle, elegant and illuminating account of how this was done, Shigeto Tsuru, one of the most distinguished of the now-retired generation of Japanese economists and a principled advocate of a properly institutional approach to the subject, explains the driving images of this ‘administrative guidance’. At the ...”