In The Structural Foundations of Monetary Policy, Michael D. Bordo, John H. Cochrane, and Amit Seru bring together discussions and presentations from the Hoover Institution’s annual monetary policy conference. The conference participants discuss long-run monetary issues facing the world economy, with an emphasis on deep, unresolved structural questions. They explore vital issues affecting the Federal Reserve, the United States’ central bank. They voice concern over the Fed’s independence, governance, and ability to withstand future shocks and analyze the effects of its monetary policies and growing balance sheet in the wake of the 2008 financial crisis.
Syria's sectarian fragmentation was not created when the war began in 2011; it had its genesis in an inherited Ottoman millet system whose traits were accentuated by the "divide to reign" policies of Hafiz al-Assad. The war has compelled Syrians to cling to their sectarian identities more tightly, whether out of socioeconomic self-interest or simply to survive. Examining these identities is therefore crucial to answering the most fundamental questions about the ongoing upheaval. In many ways, the Syrian conflict has been taken out of the hands of Syrians themselves, becoming a proxy war between regional and international forces that often exploit the country's divided society for their own benefit. This geopolitical study, illustrated with 70 original maps and graphics, is intended to foster a deeper understanding of the role that sectarianism has played in Syria's war.
Most history is hierarchical: it's about emperors, presidents, prime ministers and field marshals. It's about states, armies and corporations. It's about orders from on high. Even history "from below" is often about trade unions and workers' parties. But what if that's simply because hierarchical institutions create the archives that historians rely on? What if we are missing the informal, less well documented social networks that are the true sources of power and drivers of change?
The American public is not as polarized as pundits say. In Unstable Majorities Morris P. Fiorina confronts one of the most commonly held assumptions in contemporary American politics: which is that voters are now more polarized than ever. Bringing research and historical context to his discussion of the American electorate and its voting patterns, he corrects misconceptions about polarization, voter behavior, and political parties, arguing that party sorting—not polarization—is the key to understanding our current political turbulence.
History records only one peaceful transition of hegemonic power: the passage from British to American dominance of the international order. What made that transition uniquely cooperative and nonviolent? Does it offer lessons to guide policy as the United States faces its own challengers to the order it has enforced since the 1940s? To answer these questions, Kori Schake explores nine points of crisis or tension between Britain and the United States, from the Monroe Doctrine in 1823 to the establishment of the unequal “special relationship” during World War II.
In 1929, Joseph Stalin, having already achieved dictatorial power over the vast Soviet Empire, formally ordered the systematic conversion of the world’s largest peasant economy into “socialist modernity,” otherwise known as collectivization, regardless of the cost.
World War II was the most lethal conflict in human history. Never before had a war been fought on so many diverse landscapes and in so many different ways, from rocket attacks in London to jungle fighting in Burma to armor strikes in Libya.
Federal entitlement programs are strewn throughout the pages of U.S. history, springing from the noble purpose of assisting people who are destitute through no fault of their own. Yet as federal entitlement programs have grown, so too have their inefficiency and their cost. Neither tax revenues nor revenues generated by the national economy have been able to keep pace with their rising growth, bringing the national debt to a record peacetime level.
In this book, Robert Leeson and Charles Palm have assembled an amazing collection of Milton Friedman's best works on freedom. Even more amazing is that the selection represents only 1 percent of the 1,500 works by Friedman that Leeson and Palm have put online in a user-friendly format—and an even smaller percentage if you include their archive of Friedman's audio and television recordings, correspondence, and other writings.
Jeremy Carl and David Fedor discuss American nuclear power plant closures in light of major economic and policy challenges. They show how cheap natural gas, electricity market flaws, and a failure to capture the public imagination threaten America’s near- and long-term nuclear viability.
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.