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

Useful for What and Useful to Whom? IR and Its Public – with Jack Knight

Henry Farrell and Jack Knight (2021), “Useful for What and Useful to Whom? IR and Its Public,” International Studies Review, 23,4:1933-1958. The contributors to this forum all draw significantly from pragmatist philosophy and social theory for making sense of international politics. Collectively, we affirm the value of pragmatist work beyond metatheory and methodology, both politically ...
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Academic Article

Consensus, Dissensus and Economic Ideas: Economic Crisis and the Rise and Fall of Keynesianism – with John Quiggin

Henry Farrell and John Quiggin (2017), “Consensus, Dissensus and Economic Ideas: Economic Crisis and the Rise and Fall of Keynesianism,” International Studies Quarterly,61,1:269-283. Subsequent subject of an ISQ Symposium, featuring Paul Krugman, Elizabeth Berman, Stephen Nelson and Andrew Baker, with a response from the authors. During the recent economic crisis, Keynesian ideas about fiscal stimulus briefly seemed ...
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