Arthur Denzau, in Society (MarchIApril 1989), Box A, Rutgers Univ., NewPaul Paid Brunswick, N.J. 08903.
Washington has leaped to defend Ameri- can manufacturers of computer chips against foreign competition; as a result, it has wounded the U.S. computer manufac- turers that use the chips.
This tale of perverse consequences, re- counted Denzau, a Washington Univer- sity economist, begins in 1986. In July of that year, the Reagan administration signed an agreement with Tokyo, ending alleged Japanese...