Michael Bruno on Heterodox Policy and Economic Stabilization

Michael Bruno's book, Crisis. Stabilization and Economic Reform: Therapy by Consensus is that rare event--a book on economic policy by a distinguished economist who was close to the events he describes. Bruno had been deeply involved in debate, discussion, research, and advising on Israeli policy. He was an influential member of the small group that developed Israel's stabilization plan during the summer of 1985. From August 1986 to August 1991, as Governor of the Bank of Israel, he had a major role in carrying out the plan.