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Off-Balanced Empire
Review of Balance: The Economics of Great Powers from Ancient Rome to Modern America
by Glenn Hubbard and Tim Kane (New York: Simon & Schuster, 2013)
by Glenn Hubbard and Tim Kane (New York: Simon & Schuster, 2013)
Having a vested interest in the demise of the existing dispensation I was first drawn to Balance in the hope of finding some good news about the present system’s vulnerabilities. What I found was a neo-conservative take on what ails us, and what it would take to set things right.
The authors are: Glenn Hubbard, Dean of Columbia Business School, former chairman of President George W. Bush’s Council of Economic Advisors, and economic advisor to Mitt Romney’s presidential campaign; and Tim Kane an economist formerly with the Heritage Foundation now at the Hudson Institute, a neoconservative think tank.[1] The Hubbard and Kane (H&K) book represents a contribution by America’s center-right establishment to the literary genre known as Declinism.[2]
Declinism is the study of how societies and civilizations weaken and fall. Seminal works might include: Edward Gibbon, The History of the Decline and Fall of the Roman Empire (1776); Thomas Malthus, An Essay on the Principle of Population (1798); and Oswald Spengler, Decline of the West (1918). But it has really been in the last couple of decades that works in Declinism have proliferated. . . .