Balance: The Economics of Great Powers from Ancient Rome to Modern America

Glenn Kane Tim Hubbard

ISBN 10: 1476700257 / ISBN 13: 9781476700250

Published by Simon & Schuster, 2013

About this Item

From the Ming Dynasty to Ottoman Turkey to Imperial Spain, the Great Powers of the world emerged as the greatest economic, political, and military forces of their time-only to collapse into rubble and memory. What is at the root of their demise-and how can America stop this pattern from happening again? A quarter century after Paul Kennedy's Rise and Fall of the Great Powers, Glenn Hubbard and Tim Kane present a bold, sweeping account of why powerful nations and civilizations break down under the heavy burden of economic imbalance. Introducing a profound new measure of economic power, Balance traces the triumphs and mistakes of imperial Britain, the paradox of superstate California, the long collapse of Rome, and the limits of the Japanese model of growth. Most importantly, Hubbard and Kane compare the twenty-first century United States to the empires of old and challenge Americans to address the real problems of our country's dysfunctional fiscal imbalance. Without a new economics and politics of balance, they show the inevitable demise ahead.

Seller Inventory # 00105488523

Bibliographic Details

• Title: Balance: The Economics of Great Powers from Ancient Rome to Modern America
• Publisher: Simon & Schuster
• Publication Date: 2013
• Language: English
• ISBN 10: 1476700257
• ISBN 13: 9781476700250
• Binding: Hardback
• Condition: Good

About this title

Synopsis

In this groundbreaking book, two economists explain why economic imbalances cause civil collapse—and why America could be next.

In this groundbreaking book, two economists explain why economic imbalances cause civil collapse— and why the United States could be next.

From the Ming Dynasty to Ottoman Turkey to imperial Spain, the Great Powers of the world emerged as the greatest economic, political, and military forces of their time—only to collapse into rubble and memory. What is at the root of their demise—and how can the United States stop this pattern from happening again?

A quarter century after Paul Kennedy’s The Rise and Fall of the Great Powers, Glenn Hubbard and Tim Kane present a bold, sweeping account of why powerful nations and civilizations break down under the heavy burden of economic imbalance. Introducing a profound new measure of economic power, Balance traces the triumphs and mistakes of imperial Britain, the paradox of superstate California, the long collapse of Rome, and the limits of the Japanese model of growth. Most importantly, Hubbard and Kane compare the twenty-first-century United States to the empires of old and challenge Americans to address the real problems of our country’s dysfunctional fiscal imbalance. If there is not a new economics and politics of balance, they show that there will be an inevitable demise ahead.

About the Author

Glenn Hubbard is the dean of Columbia University's Graduate School of Business and the former chairman of the President's Council of Economic Advisers. He is a frequent contributor to Business Week, The Wall Street Journal, and The New York Times, as well as PBS's The Nightly Business Report and American Public Media's Marketplace. He lives in Manhattan with his wife and two sons.

Tim Kane is the chief economist of the Hudson Institute in Washington, DC and former senior economist at the Joint Economic Committee of the U.S. Congress. He is a veteran U.S. Air Force officer. He lives in Vienna, Virginia with his wife and four children.