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:

Academic Article

Structuring Power: Business and Authority Beyond the Nation-State – with Abraham Newman

What is the relationship between globalization and the political power of business? Much of the existing literature focuses on the ability of mobile capital to threaten exit in order to press for more business friendly rules. In this article, we refine arguments about exit options in global markets by arguing that the relative exit options ...
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Essay

The Abundance Debate We’re Not Having

The best way to read Ezra Klein and Derek Thompson’s new book is to take the authors at their word. Abundance is what is usually called a “policy book,” but Klein and Thompson don’t quite offer a traditional policy agenda. Instead, the authors begin and end with a question that is also a concentrating lens. “Can we ...
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