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In Enterprise and Inclusion in Italy, Edmund Phelps weaves together and applies to Italy his two principal interests of the past decade -the imperative of restoring initiative, enterprise and dynamism in a great many industrialized economies, most acutely needed in the eastern European economies amid the wreckage of their experiments with market socialism and communism, and the imperative of extending self-support and involvement in the business sector to the large number of marginalized workers, where his focus was on the high rates of dependency, idleness and crime among...

The subject of this book is the kind of economic interaction and interdependence that has arisen among nations in the contemporary world economy, the nature and significance of the pattern of trade balances that have resulted from them, and the question of what, if anything, should be done by national governments about that pattern. The need for international coordination of economic policies is also investigated.