The EconLit abstract of the reviewed work begins: Explores how the modern economy has been shaped by economic and political events throughout the last century. Discusses the age of liberty; war and depression; the Soviet economic model; multilateralism and welfare state in the first
world; decolonization and cold war; the conservative reaction in the West; the collapse of central planning; the end of the third world; and the move from the age of equality to the age of fraternity. Pomfret is Professor of Economics at the University of Adelaide. Index.
The Journal of Economic Literature (JEL) began publication in 1969 under the auspices of the American Economic Association with quarterly issues appearing in March, June, September, and December. JEL contains survey and review articles, book reviews, an annotated bibliography of newly published books, and a list of current dissertations in North American universities.