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?
Glenn Hubbard, Dean of the Columbia Business School and former senior economics advisor to the Romney for President campaign, and Tim Kane, chief economist of the Hudson Institute and a former key economics advisor to the McCain for President campaign, 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. Hubbard and Kane compare the twenty-first century United States to the empires of old, and challenge Americans to address the problems of our country's fiscal imbalance through a new economics and politics of balance.
This program is co-sponsored by the Roosevelt House Public Policy Institute at Hunter College and the Hudson Institute. Hudson Institute – Security. Prosperity. Freedom.