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on political economy

The Foreign Policy of Plutocracies A financial plutocracy contributed to Britain's demise as a global power. Is the same fate in store for America?

Oligarchy and Democracy Democratic institutions aren't sufficient in themselves to keep the wealthy few from concentrating political power.

Charles Darwin, Economist The Origin of Species is a better guide to our economy than The Wealth of Nations.

Frontier Economics Economic growth is increasingly taking place at the technological frontier. We need policies that keep pushing that frontier forward.

Toolbox: Constructive Dialogue Why have some financial firms weathered the crisis better than others? The answers contain lessons for how to regulate the industry.

policy shop

How to Shrink the IRS and Grow the Economy A plan to ditch the income tax, make taxation fairer and aid economic growth all at the same time.

The Global Costs of American Ethanol How U.S. ethanol policy creates global food insecurity.

Fannie, Freddie and the House of Cards The Obama Administration needs to be bolder in reforming the two government-sponsored mortgage giants.

reviews

Tea Time Millionaire Wall Streeters, media mavens and corporate titans make for unlikely populists.

The Way We Were? What So Proudly We Hail is more than just a memorial to a bygone American era; it's a handbook for recovering endangered civic virtues.

The Justice Trickle Are human rights prosecutions inexorably on the rise? It all depends on how you count them.

Good People, Bad Laws If you expect the worst from people, they'll often oblige.

Retroview: The Money Man Alexander Del Mar's view on the origins of money were revolutionary for the 19th century. Why have so few people heard of him?

notes & letters

The Post-Imperial Blues: A Letter from Vienna Austria-Hungary and the Soviet Union both lost empries. What can we learn from how they coped?

American Political Dysfunction America's system of checks and balances usually works well, but not when it comes to fixing the Federal budget.

Volume 7, Number 2
November/December 2011

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Walter Russell Mead
Big Data Won’t Solve the Student Loan Crisis In the past, when students at Georgia State weren’t able to pay their tuition bill, they were barred from class, which often led to their ... The Steady Decline of US Popularity in Egypt One of the hoped-for legacies of Barack Obama’s presidency was a reconciliation between the US and the Islamic world. This vision has suffered a series of ... ACA Supporters Bask in the Glow of an Obamacare Victory California has released its first official numbers about the monthly premiums state residents will face under Obamacare, and they’re lower than anyone expected. The consulting ... Game of Thrones: Pacific Island Edition Andrew Pickford wrote an interesting piece on Australia’s changing neighborhood for today’s Diplomat. Nations like the Solomon Islands, Papua New Guinea, and East Timor are small, sparsely ...