What caused the Financial Crisis of 2008? Most explanations blame either government regulation or government deregulation. Either government forced private-sector banks and financial institutions to extend credit to risky borrowers, or the removal of government oversight allowed greed to run amok.
Offensive cyber operations have become increasingly important elements of U.S. national security policy. From the deployment of Stuxnet to disrupt Iranian centrifuges to the possible use of cyber methods against North Korean ballistic missile launches, the prominence of offensive cyber capabilities as instruments of national power continues to grow. Yet conceptual thinking lags behind the technical development of these new weapons. How might offensive cyber operations be used in coercion or conflict? What strategic considerations should guide their development and use?
Since Marco Polo, the West has waited for the “Asian Century.” Today, the world believes that Century has arrived. Yet from China’s slumping economy to war clouds over the South China Sea and from environmental devastation to demographic crisis, Asia’s future is increasingly uncertain. Historian and geopolitical expert Michael Auslin argues that far from being a cohesive powerhouse, Asia is a fractured region threatened by stagnation and instability.
As most long-standing news outlets have shuttered their foreign bureaus and print operations, the role of GNNs as information collectors and policy influencers has changed in tandem. Western GNNs are honored for being untethered to government entities and their ability to produce accurate yet critical situational analyses.
In American Exceptionalism in a New Era, editor Thomas W. Gilligan, director of the Hoover Institution, has compiled thirteen essays by Hoover fellows that discuss the unique factors that have historically set America apart from other nations and show how America and its people have prospered and emerged as global leaders by prizing individuality and economic freedom and explore key factors in America’s success, including immigration, education, divided government, light regulation, low taxes, and social mobility. America isn’t perfect, they argue, but it is exceptional.
From one of America’s leading scholars of Russia who served as U.S. ambassador to Russia during the Obama administration, a revelatory, inside account of U.S.-Russia relations from 1989 to the present.
The world is changing fast. Political risk-the probability that a political action could significantly impact a company's business-is affecting more businesses in more ways than ever before. A generation ago, political risk mostly involved a handful of industries dealing with governments in a few frontier markets. Today, political risk stems from a widening array of actors, including Twitter users, local officials, activists, terrorists, hackers, and more.
In Beyond Disruption: Technology’s Challenge to Governance, George P. Shultz, Jim Hoagland, and James Timbie present views from some of the country's top experts in the sciences, humanities, and military that scrutinize the rise of post-millennium technologies in today’s global society.
Economic and other outcomes differ vastly among individuals, groups, and nations. Many explanations have been offered for the differences. Some believe that those with less fortunate outcomes are victims of genetics. Others believe that those who are less fortunate are victims of the more fortunate.
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.
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.