Allan H. Meltzer (1928–2017), a twentieth-century macroeconomist, was an innovator in the field of monetary economics and public policy, showing how central banking could influence economic disasters. Meltzer was also a valued consultant both in the United States and overseas, championing rules-based monetary policy and free markets. Eleven prominent economists reflect on his contributions in this volume edited by David Beckworth.
A clear-eyed account of learning how to lead in a chaotic world, by General Jim Mattis--the former Secretary of Defense and one of the most formidable strategic thinkers of our time--and Bing West, a former assistant secretary of defense and combat Marine.
A century ago, amid the devastation of World War I, Herbert Hoover established a collection of library and archival materials at Stanford University devoted to the causes and consequences of war. Founded as the Hoover War Collection in 1919, the institution has evolved into one of the world’s premier research centers devoted to the advanced study of politics, economics, and international affairs.
While Americans are generally aware of China’s ambitions as a global economic and military superpower, few understand just how deeply and assertively that country has already sought to influence American society.
In this landmark biography of Winston Churchill based on extensive new material, the true genius of the man, statesman and leader can finally be fully seen and understood--by the bestselling, award-winning author of Napoleon and The Storm of War.
Distinguished economist Michael D. Bordo argues for the importance of monetary stability and monetary rules, offering theoretical, empirical, and historical perspectives to support his case. He shows how the pursuit of stable monetary policy guided by central banks following rule-like behavior produces low and stable inflation, stable real performance, and encourages financial stability. In contrast, he explains how the failure to adhere to rules that produce monetary stability will inevitably produce the dire consequences of real, nominal, and financial instability.
Why is it so much easier for the Democratic Party to win the national popular vote than to build and maintain a majority in Congress? Why can Democrats sweep statewide offices in places like Pennsylvania and Michigan yet fail to take control of the same states' legislatures? Many place exclusive blame on partisan gerrymandering and voter suppression. But as political scientist Jonathan A. Rodden demonstrates in Why Cities Lose, the left's electoral challenges have deeper roots in economic and political geography.
Raghuram Rajan, distinguished University of Chicago professor, former IMF chief economist, head of India's central bank, and author of the 2010 FT-Goldman-Sachs Book of the Year Fault Lines, has an unparalleled vantage point onto the social and economic consequences of globalization and their ultimate effect on our politics. In The Third Pillar he offers up a magnificent big-picture framework for understanding how these three forces--the state, markets, and our communities--interact, why things begin to break down, and how we can find our way back to a more secure and stable plane.
In a rich and varied career, George P. Shultz has aided presidents, confronted national and international crises, and argued passionately that the United States has a vital stake in promoting democratic values and institutions. In speeches, articles, congressional testimony, and conversations with world leaders, he has helped shape policy and public opinion on topics ranging from technology and terrorism to drugs and climate change. The result is a body of work that has influenced the decisions of nations and leaders, as well as the lives of ordinary people.
The depth of Hoover’s scholarship is reflected in the numerous books published by our fellows on a broad variety of topics and issues. This timely and prodigious output offers insight on the most pressing issues in public policy.