Charles Hoffmann

Chu-Yuan Cheng. The Machine-Building Industry in Communist China. Pp. xviii, 339. Chicago, Ill.: Aldine-Atherton, 1971.

by a majority led by Admiral Leahy. This is fascinating information. However, the author never attempts to present a well-balanced argument. The only evidence offered on the secret society proposal lay in the single encounter with Mr. Chen. By itself this could hardly influence policy in Washington. A more serious criticism lies in Caldwell’s failure to offer a convincing argument that the &dquo;Third Force&dquo; was in any way a viable alternative in China. There is much evidence that it

9.75. KATHARINE HUANG HSIAO. Money and Monetary Policy in Communist China. Pp. xviii, 308. New York: Columbia University Press, 1971.

diplomacy is necessary because of the dualism of the temporal and spiritual spheres and all the more necessary because of the plurality of political authorities. The necessity and propriety of Vatican diplomatic activities derive primarily not from the temporal sovereignty of the Pope but from the utility of promoting co-operation between authorities over distinct spheres that in practice cannot and should not be isolated. Indeed, the author, iri recognizing the value of the freedom acquired by the church in modern, liberal, constitutional states, sees papal diplomacy as a response to the differentiation of international civil

12.50

One of the more interesting recent explanations of the dollar shortage links the strong payments position of the United States to greater rates of productivity growth in American import-competing industries than in foreign exporting industries. That this can serve as a partial explanation of Britain’s postwar dollar shortage but definitely not as a general explanation of the difficulties faced in Western Europe is one of the fundamental points Professor Letiche makes in his new book. Re-