In light of the recent demise of the Soviet Union and the subsequent withdrawal of Soviet forces from Central Europe, the debate between neoliberal institutionalism and neorealism has taken on a new relevance. Neorealism and Neoliberalism concentrates on issues of conflict and cooperation with their implications for post-Cold War international relations. Essays by some of today's most prominent political theorists debate the importance of anarchy versus the importance of interdependence in determining state behavior; the feasibility of international cooperation; the impotance of absolute gains versus relative gains as incentive for cooperation; the trade-offs between economic welfare and military security; the importance of state intentions versus state power; and the significance of the emergence of numerous international regimes and institutions. The collection features: -An introduction by David A. Baldwin; -Robert O. Keohane on the realist challenge after the Cold War; -Joseph M. Grieco on relative gains and the limits of cooperation; -Helen Milner on anarchy in international relations theory; -Stephen Krasner on national power and international cooperation; -Charles Lipson on international cooperation in economic and security affairs. Cutting to the heart of the debate over the possibility of a "new world order," Baldwin's collection is essential reading for anyone seeking to understand the post-Cold War world.

The authors are scrupulous about defining their terms, and explaining them. This adds greatly to the value of this collection as an authoritative 'reader.' -- International Affairs

David A. Baldwin is Ira D. Wallach Professor of World Order Studies at the School of International Affairs, Columbia University