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:

Chapter in an Edited Volume

“Collective Goods in the Local Economy: The Packaging Machinery Cluster in Bologna,” Local Production Systems in Europe: Reconstruction and Innovation – with Ann-Louise Holten – ed. Colin Crouch, Patrick Le Galès, Carlo Trigilia and Helmut Voelzkow

The debate about the industrial districts of central and north-eastern Italy has evolved over the last 25 years. Initially, many saw them as evidence that small firms could prosper contrary to the arguments of the proponents of big industry. Debate focussed on whether small firm industrial districts had a genuine independent existence, or were 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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