Globalized Green Lanternism

American political commentators have frequently called for the U.S. president to take effective action to improve world economic growth. Such calls are a form of what Matthew Yglesias has dubbed “Green Lanternism”—the unspoken theory that the U.S. president’s ability to affect outcomes is primarily affected by his willpower. In this article, I examine the opposite—and more plausible causal relationship—that the power of the U.S. president is shaped by the underlying secular determinant of world economic growth. I go on to examine how we might expect U.S. power and interests in building up a multilateral trading order could largely wither away under conditions of enduring weak economic growth, which some economists have argued is in fact the most plausible long-run growth path for the world economy.

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Other Writing:

Essay

In praise of negativity

Andrew Gelman has a post on the benefits of negative criticism, where he talks about the careful methodological demolitions he has done of others’ research that he has found to be slipshod. if you want to go against the grain you have to work harder to convince people. My point is that this is the ...
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Chapter in an Edited Volume

“Trust, Distrust, and Power” in Distrust – ed. Russell Hardin

The so-called “encapsulated interest” account of trust, developed by Russell Hardin together with other interested scholars, draws together an important body of thought about trust and its meaning in social and personal relations.1 Trust, under this account, involves considered expectations about the interests of others to behave in a trustworthy manner. Some scholars argue that ...
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