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

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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Essay

Can Big Tech Serve Democracy? – with Glen Weyl

New tools and technology policy might help, but politics come first. Two new books about technology and the fate of democracy begin by describing the storming of the U.S. Capitol on January 6, 2021. They are right to see that fateful day as a turning point and a benchmark for debates about the course of ...
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