The Right Books

IN the first paragraph of Progress of Economic Reform in the People’s Republic of China (American Enterprise Institute, 1150 Seventeenth St., N.W., Washington, D.C. 20036; $2.95), D. Gale Johnson, after noting that new administrations have recently come to power in China and the U.S., suggests that they share many similar policy objectives. “Furthermore, their perceptions of the basic difficulties confronting their respective economies have much in common.” Johnson continues:

Each administration hopes to reduce the role of government and, especially, the role of the central government. Both administrations have tried to restrain the growth of expenditures by the central government. . . . The new administrations believe in supply-side economics. They have put their faith in increasing incentives for both work and savings . . .

CW

About the Author

Chilton Williamson Jr.

Featured Tags

IN the first paragraph of Progress of Economic Reform in the People’s Republic of China (American Enterprise Institute, 1150 Seventeenth St., N.W., Washington, D.C. 20036; $2.95), D. Gale Johnson, after noting that new administrations have recently come to power in China and the U.S., suggests that they share many similar policy objectives. “Furthermore, their perceptions of the basic difficulties confronting their respective economies have much in common.” Johnson continues:

Each administration hopes to reduce the role of government and, especially, the role of the central government. Both administrations have tried to restrain the growth of expenditures by the central government. . . . The new administrations believe in supply-side economics. They have put their faith in increasing incentives for both work and savings . . .