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

When Politics Drives Scholarship – with Steve Teles

The publication of Nancy MacLean’s Democracy in Chains, a history of the “public choice” economist James Buchanan and his impact on American politics, has led to an enormous, highly charged debate. But as Marshall Steinbaum correctly noted in this journal, not many people have weighed in who aren’t either Team Public Choice or Team Anti-Buchanan. ...
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Chapter in an Edited Volume

Public Governance and Global Politics after COVID-19, COVID-19 and World Order: The Future of Conflict, Competition, and Cooperation – with Hahrie Han – eds. Hal Brand and Francis J. Gavin

The COVID-19 crisis is a major shock to the existing complex of global rules sometimes described as the “liberal international order.” This order heavily emphasized global openness in trade and information flows, and it favored the presumptive liberalization of non-democratic societies that would naturally emerge from it. Yet the liberal order fell short of its ...
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