In this podcast Russell Roberts, a research fellow at the Hoover Institution and EconTalk host, discusses, with Angus Burgin of Johns Hopkins University and the author of the Great Persuasion, the idea in his book—the return of free market economics in the aftermath of the Great Depression.
The White House’s new China policy splits the US foreign policy community.
Jillian Melchior of the Wall Street Journal reports from the front lines of the protests.
Why Here, Why Now? Why Did The United States Enjoy Dramatic Improvements In The Standard Of Living During The Last Century?
Hoover Institution economists John Cogan, Lee Ohanian, Terry Anderson, and George Shultz examine the causes for and the reasons behind so many improvements being made to the quality of life in the United States over the past century. They analyze the role that free markets, property rights, innovation, regulation, taxes, and national security played in these remarkable achievements.
Though economics as a discipline arose in Great Britain and France at the end of the eighteenth century, it has taken two centuries to reach the threshold of scientific rationality...
These are exciting though scary revolutionary times, akin to the constant acrimony in the fourth-century BC polis, mid-nineteenth century revolutionary Europe, or — perhaps in a geriatric replay — the 1960s. . . .
Behind the headlines lies an old and basic question: in the clash between Islamism and the nation-state, who will win? By Charles Hill.
Does Wall Street's meltdown presage the end of the American century?...
When the American sociologist Immanuel Wallerstein titled his 2003 book The Decline of American Power, he suggested America’s troubles would be the critical issue for the first decades of the new century...
The explosive growth of China's links to Latin America in recent years are but the latest developments in a history that reaches back to the Spanish colonial empire in the early-16th century...
According to the standard wisdom in international relations, authoritarian states hold an advantage over democratic states because they can act more quickly and decisively. Yet over the last several centuries, every extended rivalry between an authoritarian state and a liberal one has been won by the liberal state: the Dutch revolt against Spain (late sixteenth and early seventeenth centuries); the 125-year rivalry between England and France (1689-1815); the Anglo-French-American rivalry with Germany (late nineteenth through mid-twentieth century); and the American/Allied rivalry with the Soviet Union after World War II.
This paper shows why liberal democracies have a long-term advantage in international competition with authoritarian states. We argue that this reflects the greater ability of liberal states to establish credible limited government. This ability has both long-term advantages for growth and substantial short-term financial advantages during periods of intense international conflict. The financial advantages allow a liberal democracy to raise massive funds through debt, thus financing larger and longer wars. After developing the theoretical perspective, we study two cases, the 125-year rivalry between England and France and the more recent cold war between the United States and the Soviet Union.
Charles Hill analyzes the refusal of the ideologues of pan-Islam to accept the boundaries and responsibilities of the order of states.
Drought may not be destiny, but a critical ingredient for democratic societies does seem literally to fall from the skies. By Stephen H. Haber and Victor Menaldo.
A crude attempt to “realign” China’s currency would do more harm than good. By Charles Wolf Jr.
Peter Berkowitz on God and Gold: Britain, America, and the Making of the Modern World by Walter Russell Mead
Jihadist violence troubles the lands around the Arabian Sea, where sailing of any sort has rarely been smooth. By Camille Pecastaing.
After their revolutionary fever cools, Arabs will have work to do. They could do worse than to emulate the booming Asian nations. By William Ratliff.