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Harold James
Illiberality
Déclassé: Nothing New Under the Sun

Can we learn anything from past rounds of technological disruption and mass downward socio-economic mobility?

Reviews
Capitalism Da Capo

Authors tapping into the renewed interest in the history and nature of capitalism are stumbling over an unexpected problem: There’s no agreement on what capitalism is.

Channeling Alexander Hamilton

Crushing debt is prompting Europe to look to an unlikely source for wisdom and inspiration: an American Founding Father.

Too Political to Succeed

What made U.S. banks take such disastrous risks? Not what we’ve been led to think.

Recession Regression

Before the collapse of Lehman Brothers, economic theory trumped economic history; no longer. But what does that history tell us?

Mind Your Malthus

Gregory Clark’s A Farewell to Alms aims to spoil our taste for Adam Smith with some warmed-over Malthus.

Growing Pains

The theory that rapid economic growth is politically stabilizing seems too stupid to kill–but Mancur Olson tried.

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Walter Russell Mead & Staff
Crude Economics

Moscow just promised to cut its oil output, but that promise rings hollow.

Asia's Game of Thrones

China’s seizure of Singapore’s troop carriers is a power move that sends a signal about Beijing’s displeasure with the Lion City.

Burma's Rohingyas

Outrage at Myanmar’s leader for her inaction on the Rohingya demonstrates the continuing failure of human rights activists to understand the world or develop wise strategies for dealing with it.

Looking Ahead

Nancy Pelosi’s re-election at House Minority Leader suggests that even the 2016 disaster has not yet weakened the establishment’s iron grip over Democratic power centers.

The Vapors

The inability of U.S. diplomats to explain Trump and his worldview to their foreign interlocutors is likely to be a more serious problem for American foreign policy than any early flubs by the President-elect.

The North American Energy Boom

Our southern neighbor is benefiting from the shale boom, too.

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