Manufacturing, says Andrew N. Liveris, thrives in countries that have plenty of customers and a government that significantly supports industry. Right now, he continues, the United States is down the list on both counts.
Seated on a folding chair in a cramped union office in New York, Wilhelm Ado, a visiting German labor leader, explained through an interpreter that he had come to help American workers do what they can no longer do easily on their own -- organize themselves into effective unions.
By Joseph E. Stiglitz, W.W. Norton and Company, 379 pages, $25.95
Like many academic economists, Joseph E. Stiglitz went into government hoping to tutor as well as to serve. Unlike most, Stiglitz has significant doubts about whether markets usually work as advertised. His research in this genre won him the Nobel Prize. Stiglitz's four-year stint in the Clinton White House was marked by the tension between his own powerful views and the pressure on a high public official to be a loyal team player.