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

Socialists Will Never Understand Elizabeth Warren (I’d have chosen a different title)

The Democratic candidate is part of a long intellectual tradition that’s gone forgotten in the West: pro-market leftism. Sen. Elizabeth Warren’s politics seem like a tangle of contradictions. She wants free markets, but also wants to tax billionaires’ capital. Her enemies on the right claim that she is a socialist, but Warren describes herself as ...
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Academic Article

The Janus Face of the Liberal International Information Order: When Global Institutions are Self-Undermining – with Abraham Newman

Henry Farrell and Abraham Newman (2021), “The Janus Face of the Liberal International Information Order: When Global Institutions are Self-Undermining,” International Organization Vol 75, No.2:333-58 (75th anniversary special issue). Scholars and policymakers long believed that norms of global information openness and private-sector governance helped to sustain and promote liberalism. These norms are being increasingly contested ...
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