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Also by Glenn Hubbard:

Balance, June 2013
Hardcover / e-Book
Seeds Of Destruction, September 2010
Hardcover

BALANCE
By: Glenn Hubbard

The Economics of Great Powers from Ancient Rome to Modern America

Simon & Schuster
June 2013
On Sale: May 21, 2013
368 pages
ISBN: 1476700257
EAN: 9781476700250
Kindle: B00A285XUW
Hardcover / e-Book
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Non-Fiction

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.

Media Buzz

Diane Rehm Show - NPR - May 30, 2013