This book presents an analysis of Reagan's economic policy and its legacy both at home and abroad. With Europe facing new challenges and countries in transition seeking guidelines for their economic systems, the authors of this volume examine how the lessons of Reaganomics serve as valuable guideposts.

List of Figures List of Tables Foreword; W.A.Niskanen & L.Balcerowicz Preface List of Contributors Acknowledgements PART 1: THE U.S. ECONOMIC MODEL FOUNDATIONS OF THEU.S. ECONOMIC MODEL Lessons from America's Founding Fathers and U.S. Experience; S.H.Hanke Lord Acton on the Origins of American Liberty and Prosperity; K.Lazarski The Cultural Roots of the American Business Model; M.Durska Constitutional Foundations of American Capitalism; C.A.Bates CHARACTER AND EFFECTIVENESS OF U.S. ECONOMIC POLICY The Evolution of U.S. Economic Policy in the 1980s; S.F.Hayward Economic Policy During the Clinton Administration; W.A.Niskanen The Economic Policy of George W. Bush: A Continuation of Reaganomics?; W.Bienkowski PART 2: APPLICABILITY OF THE U.S. ECONOMIC MODEL THE U.S. ECONOMIC EXPERI ENCE AND ITS APPLICABLILITY TO COUNTRIES IN TRANSITION Successes and Failures in Catching-up: The Post-communist Case; L.Balcerowicz The American Economic System: A Model for Poland?; W.A.Niskanen What Has America to Offer?; D.Lipton American Economic Experience: Russian Perspective, Possibilities and Limits of Application from a Russian Perspective; R.Khasbulatov Why Russia Cannot Abide the American Economic Model: Round Peg/Square Hole; S.Rosefielde China versus the Orthodoxy: State and Ownership Reforms in Transition Economies; J.B.Miller & S.Tenev THE U.S. ECONOMIC EXPERIENCE AND EU ECONOMIC POLICIES Economic Reform in the European Union. Will the "Lisbon" EU Catch Up with the US?; M-J.Radlo The EU Concept of Cohesion: Is it Compatible with the Anglo-Saxon Model?; J.Bradley Ireland's Delayed if Spectacular Convergence; D.McCoy Convergence and Divergence of the European Union: Are the European Economies to be "Americanized"?; S.Kowalik Political Integration and Fiscal Federalism in the American Dollar Area and the Eurozone; S.Bukowski Toward an Efficient Labour Market Model in the EU: To Centralize or Not to Centralize?; W.S.Siebert ECONOMIC POLICY CHOICES IN EUROPE: PERSPECTIVE OF THE U.S. MODEL PERFORMANCE Discussion; J.K.Bielecki, J.Bradley, M.Goldman, S.Gomulka, R.Khasbulatov, A.K.Kozminski, W.A.Niskanen Conclusions Index

WOJCIECH BIENKOWSKI is Professor of Economics at the Warsaw School of Economics and Director of the US Economy Research Center, Poland. He had extensive studies in the US (Rochester NY, Harvard), Europe and Japan, and his numerous books and articles reflect the applicability of the US model in transition countries and Europe. JOSEF C. BRADA is Professor of Economics at Arizona State University, USA. He has served as Editor of the Journal of Comparative Economics and as an Advisor to the governments of Bolivia, the Czech Republic and Macedonia, as well as to international organiz

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