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Books

The Historical Performance of the Federal Reserve

by Michael D. Bordovia Hoover Institution Press
Thursday, June 6, 2019

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 Cities Lose: The Deep Roots of the Urban-Rural Political Divide

by Jonathan Roddenvia Books by Hoover Fellows
Wednesday, June 5, 2019

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.

The Third Pillar: How Markets and the State Leave the Community Behind

by Raghuram Rajanvia Books by Hoover Fellows
Wednesday, June 5, 2019

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. 

Books

Thinking about the Future

by George P. Shultzvia Hoover Institution Press
Tuesday, June 4, 2019

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 Tubman Command: A Novel

by Elizabeth Cobbsvia Books by Hoover Fellows
Tuesday, June 4, 2019

It’s May 1863. Outgeneraled and outgunned, a demoralized Union Army has pulled back with massive losses at the Battle of Chancellorsville. Fort Sumter, hated symbol of the Rebellion, taunts the American navy with its artillery and underwater mines.

Books

How Public Policy Became War

by David Davenport, Gordon Lloydvia Hoover Institution Press
Tuesday, May 7, 2019

As a response to the Great Depression and an expression of executive power, President Franklin Roosevelt’s New Deal is widely understood as a turning point in American history. In How Public Policy Became War, David Davenport and Gordon Lloyd go even further, calling the New Deal “America’s French Revolution,” refashioning American government and public policy in ways that have grown to epic proportions today.

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Currencies, Capital, and Central Bank Balances

via Hoover Institution Press
Tuesday, April 2, 2019

Experts address big-picture debates affecting US and global monetary policy and apply cutting-edge economic research to the international monetary and financial system.

The Politics of Institutional Reform: Katrina, Education, and the Second Face of Power

by Terry M. Moevia Books by Hoover Fellows
Monday, April 1, 2019

In this ground-breaking analysis, Terry Moe treats Hurricane Katrina as a natural experiment that offers a rare opportunity to learn about the role of power in the politics of institutional reform. When Katrina hit, it physically destroyed New Orleans’ school buildings, but it also destroyed the vested-interest power that had long protected the city’s abysmal education system from major reform. With the constraints of power lifted, decision makers who had been incremental problem-solvers turned into revolutionaries, creating the most innovative school system in the entire country.

The Case for Trump

by Victor Davis Hansonvia Books by Hoover Fellows
Tuesday, March 5, 2019

From an award-winning historian and regular Fox contributor, the true story of how Donald Trump has become one of the most successful presidents in history -- and why America needs him now more than ever

Bytes, Bombs, and Spies

by Herbert Lin, Amy Zegartvia Books by Hoover Fellows
Tuesday, January 15, 2019

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? W

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