Balance: The economics of great powers from ancient Rome to modern America
Book Forum

Video

Listen to Audio


Download Audio as MP3

 

Event Summary

The large fiscal imbalances currently plaguing the United States are significant cause for concern. At an AEI event on Thursday, AEI's own Glenn Hubbard and the Hudson Institute's Tim Kane argued that sizeable imbalances have historically led to the collapse of world powers, the topic of their new book "Balance: The Economics of Great Powers from Ancient Rome to Modern America" (Simon & Schuster, May 2013).

The authors' presentation examined America's future through the lens of the decline of powers such as the Spanish and Ottoman Empires, and was followed by comments from three discussants. Matt Miller of The Washington Post was intrigued by the authors' call for a greater competition of ideas in the political sphere and their apparent willingness to witness the rise of a third, fourth, or even fifth political party.

AEI's Michael Barone, however, defended America's two-party system, which in recent decades has led to split governments with Democrats holding the presidency and Republicans controlling the Congress. According to Barone, this is evidence of a strong competition between the two parties.

Jared Bernstein concluded by stressing the need for fiscal policy to optimize economic growth; however, he disagreed with Hubbard and Kane that smarter fiscal policy should come in the form of a balanced budget amendment.
--Veronika Polakova

Event Description

Please join us for an event celebrating the release of Glenn Hubbard and Tim Kane’s “Balance: The Economics of Great Powers from Ancient Rome to Modern America” (Simon & Schuster, May 2013).  Hubbard and Kane will introduce the book, which examines how economic imbalances have induced the collapse of world powers such as the Roman Empire, Ming Dynasty, and Ottoman Empire. The authors conclude that America will face inevitable demise if it does not solve its dysfunctional fiscal balance.  

Copies of the book will be available for purchase at the event.

If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.

Also Visit
AEIdeas Blog The American Magazine
About the Author

 

Kevin A.
Hassett

What's new on AEI

AEI Election Watch 2014: What will happen and why it matters
image A nation divided by marriage
image Teaching reform
image Socialist party pushing $20 minimum wage defends $13-an-hour job listing
AEI on Facebook
Events Calendar
  • 27
    MON
  • 28
    TUE
  • 29
    WED
  • 30
    THU
  • 31
    FRI
Monday, October 27, 2014 | 10:00 a.m. – 11:30 a.m.
State income taxes and the Supreme Court: Maryland Comptroller v. Wynne

Please join AEI for a panel discussion exploring these and other questions about this crucial case.

Tuesday, October 28, 2014 | 9:30 a.m. – 12:15 p.m.
For richer, for poorer: How family structures economic success in America

Join Lerman, Wilcox, and a group of distinguished scholars and commentators for the release of Lerman and Wilcox’s report, which examines the relationships among and policy implications of marriage, family structure, and economic success in America.

Tuesday, October 28, 2014 | 5:30 p.m. – 7:00 p.m.
The 7 deadly virtues: 18 conservative writers on why the virtuous life is funny as hell

Please join AEI for a book forum moderated by Last and featuring five of these leading conservative voices. By the time the forum is over, attendees may be on their way to discovering an entirely different — and better — moral universe.

Thursday, October 30, 2014 | 2:00 p.m. – 3:00 p.m.
A nuclear deal with Iran? Weighing the possibilities

Join us, as experts discuss their predictions for whether the United States will strike a nuclear deal with Iran ahead of the November 24 deadline, and the repercussions of the possible outcomes.

Thursday, October 30, 2014 | 5:00 p.m. – 6:15 p.m.
The forgotten depression — 1921: The crash that cured itself

Please join Author James Grant and AEI senior economists for a discussion about Grant's book, "The Forgotten Depression: 1921: The Crash That Cured Itself" (Simon & Schuster, 2014).

No events scheduled this day.
No events scheduled this day.
No events scheduled this day.
No events scheduled today.
No events scheduled this day.