Political Economy Archives

China Unbound: A New World Disorder

While the United States stumbles, an award-winning foreign correspondent chronicles China’s dramatic moves to become a dominant power.

As the world’s second-largest economy, China is extending its influence across the globe with the complicity of democratic nations. Joanna Chiu has spent a decade tracking China’s propulsive rise, from the political aspects of the multi-billion-dollar “New Silk Road” global investment project to a growing sway on foreign countries and multilateral institutions through “United Front” efforts. […Learn More]

How China Escaped the Poverty Trap

How can poor and weak societies escape poverty traps? Political economists have traditionally offered three answers: “stimulate growth first,” “build good institutions first,” or “some fortunate nations inherited good institutions that led to growth.”

Yuen Yuen Ang rejects all three schools of thought and their underlying assumptions: linear causation, a mechanistic worldview, and historical determinism. Instead, she launches a new paradigm grounded in complex adaptive systems, which embraces the reality of interdependence and humanity’s capacity to innovate. […Learn More]

Jihad & Co.: Black Markets and Islamist Power

For two decades, militant jihadism has been one of the world’s most pressing security crises. In civil wars and insurgencies across the Muslim world, certain Islamist groups have taken advantage of the anarchy to establish political control over a broad range of territories and communities. In effect, they have built radical new jihadist proto-states. […Learn More]

Ages of American Capitalism: A History of the United States

A leading economic historian traces the evolution of American capitalism from the colonial era to the present—and argues that we’ve reached a turning point that will define the era ahead.

“The best one-volume history of American capitalism . . . It is impossible to understand the United States without understanding its economic history. This book, from one of the nation’s foremost historians of capitalism, brings that important and endlessly fascinating story to life.”—Sven Beckert, author of Empire of Cotton […Learn More]

The Narrow Corridor: States, Societies, and the Fate of Liberty

From the authors of the international bestseller Why Nations Fail, a crucial new big-picture framework that answers the question of how liberty flourishes in some states but falls to authoritarianism or anarchy in others—and explains how it can continue to thrive despite new threats.
In Why Nations Fail, Daron Acemoglu and James A. Robinson argued that countries rise and fall based not on culture, geography, or chance, but on the power of their institutions. In their new book, they build a new theory about liberty and how to achieve it, drawing a wealth of evidence from both current affairs and disparate threads of world history. […Learn More]

The Aristocracy of Talent: How Meritocracy Made the Modern World

Meritocracy: the idea that people should be advanced according to their talents rather than their birth. While this initially seemed like a novel concept, by the end of the twentieth century it had become the world’s ruling ideology. How did this happen, and why is meritocracy now under attack from both right and left? […Learn More]

The Economist’s Hour: False Prophets, Free Markets, and the Fracture of Society

In this “lively and entertaining” history of ideas (Liaquat Ahamed, The New Yorker), New York Times editorial writer Binyamin Appelbaum tells the story of the people who sparked four decades of economic revolution.

Before the 1960s, American politicians had never paid much attention to economists. But as the post-World War II boom began to sputter, economists gained influence and power.

In The Economists’ Hour, Binyamin Appelbaum traces the rise of the economists, first in the United States and then around the globe, as their ideas reshaped the modern world, curbing government, unleashing corporations and hastening globalization. […Learn More]

Angrynomics

Why are measures of stress and anxiety on the rise when economists and politicians tell us we have never had it so good? While statistics tell us that the vast majority of people are getting steadily richer, the world most of us experience day in and day out feels increasingly uncertain, unfair, and ever more expensive. In Angrynomics, Mark Blyth and Eric Lonergan explore the rising tide of anger, sometimes righteous and useful, sometimes destructive and ill-targeted, and propose radical new solutions for an increasingly polarized and confusing world. Angrynomics is for anyone wondering, where the hell do we go from here? […Learn More]

The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor

A “bracingly iconoclastic” (New York Times) critique of global development that points a way toward respect for the poor and an end to global poverty

Over the last century, global poverty has largely been viewed as a technical problem that requires the right “expert” solution. Yet all too often, experts fix immediate problems without addressing the systematic oppression that created them. […Learn More]

Skin in the Game: Hidden Asymmetries in Daily Life

In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life. […Learn More]