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In a critique of international deontology, Hardin discusses the forms that moral reasoning might take—from rationalist actor theory to Kantian proceduralism to ad hoc Kantianism—and the relation of Kant's dictum to the institutional nature of much of international affairs. He then relates this discussion to three quite different general policy issues: nuclear deterrence, intervention, and international redistribution.

Approaches to the Balance of Payments and the Exchange Rate -- Growth and the Balance of Payments under Alternative Exchange Rate Regimes -- The Asset Approach to the Exchange Rate: Monetary Models -- The Asset Approach to the Exchange Rate: Portfolio Balance Models -- Exchange Rates, Expectations and the Current Account -- The Exchange Rate and the Current Account when Prices Evolve Sluggishly -- The Cost of Disinflation in a Floating Exchange Rate -- Regime Economic Stability under Fixed, Floating and Managed Exchange Rates -- International Coordination of Monetary Policies under Alternative Exchange Rate -- Regimes A Survey of Empirical Evidence on Exchange Rate Economics.