These essays have been selected and adapted from several published sources, including the book, Commanding Heights: The Battle for the World Economy by Daniel Yergin and Joseph Stanislaw.

Information about the source of each essay is included with it.

More information on many of the subjects covered is available through Search.

Lenin's Critique of Global Capitalism

Keynes at Versailles

Keynes on Inflation

Keynesian Economic Theory

The German Hyperinflation, 1923

The Rise of Regulation in the U.S.

Hayek's Road to Serfdom

The Birth of the British Welfare State

Labor Nationalizes the Heights

Nationalization in Third World Countries

Ordoliberals

Development Economics After World War II

The Rise of State-owned Companies

The World Bank

Development in Africa

Raul Prebisch and Dependencia Theory

The Chicago School

When Currencies Began to Float

Nixon Tries Price Controls

The Birth of Privatization

Reaganomics

The Paradox of Argentina

The WTO at Doha

The Balance of Confidence

NAFTA