Torben Iversen is Professor of Government at Harvard University. He is the author of Contested Economic Institutions: The Politics of Macroeconomics and Wage Bargaining (Cambridge University Press, 1999), and co-editor of Unions, Employers and Central Bankers: Macroeconomic Coordination and Institutional Change in Social Market Economies (Cambridge University Press, 1999). He is also the author or co-author of articles in such journals as the American Journal of Political Science, the American Political Science Review, the British Journal of Political Science, Comparative Politics, Comparative...