Krause received a B.A. from the University of Michigan (with distinction) in 1951, a M.A. in economics from the University of Michigan in 1952, and a Ph.D. in economics from Harvard University in 1958. His Ph.D. thesis is titled Current balance of payments problems of industrial countries: an empirical study.[1]
The United States Balance of Payments in 1968 (with Walter S. Salant and others), The Brookings Institution, 1963.
The Common Market: Progress and Controversy (editor), Prentice-Hall Inc., 1964.
European Economic Integration and the United States, The Brookings Institution, 1968.
Sequel to Bretton Woods: A Proposal to Reform the World Monetary System, The Brookings Institution, 1971.
European Monetary Unification and Its Meaning for the United States (with Walter Salant), The Brookings Institution, 1973.
World Politics and International Economics, (co-edited with C. Fred Bergsten), The Brookings Institution, 1976.
Economic Interaction in the Pacific Basin (with Sueo Sekiguchi), The Brookings Institution, 1980
U. S. Economic Policy toward the Association of Southeast Asian Nations: Meeting the Japanese Challenge, The Brookings Institution, 1982.
The Australian Economy, A View from the North (co-editor with Richard Caves), The Brookings Institution, 1984.
The Singapore Economy Reconsidered (with Koh Ai Tee and Lee (Tsao) Yuan), Institute of Southeast Asian Studies, 1987. Chapter 5 "The Government as an Entrepreneur" was reprinted by Edward Elgar Publishing Ltd., UK in 1994, to appear in The Political Economy of East Asia edited by John Ravenhill, Australia National University.
Social Issues in Korea: A Korean and American Perspective (co-edited with Fun-Koo Park) Korea Development Institute, 1993.
Mineral Resources in the Pacific Area: Papers and Proceedings of the Ninth Pacific Trade and Development Conference(with Hugh Patrick), University Press of the Pacific, 2002.
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