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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.
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