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.

Access the full article here.

Other Writing:

Essay

Democracy’s Dilemma – with Bruce Schneier

How can democratic societies protect—and protect themselves from—the free flow of digital information? The Internet was going to set us all free. At least, that is what U.S. policy makers, pundits, and scholars believed in the 2000s.  The Internet would undermine authoritarian rulers by reducing the government’s stranglehold on debate, helping oppressed people realize how ...
Read Article
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 ...
Read Article