'Trading Power is the single best and most complete analysis of West Germany's rise to dominance in cold war Europe. Based on extraordinarily in-depth research, Gray skillfully and clearly tells the story of the diplomatic, political, and economic development of German power within the European community, the Atlantic alliance, and the international system. This history is essential to understanding Germany's significance in shaping the liberal world order and its changing position in today's Europe. It is a must-read for policymakers and students alike. A real triumph!' Thomas A. Schwartz, author of Henry Kissinger and American Power: A Political Biography