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Political Economy

Commentary

Too Big To Free Ride

The government awards the largest banks all sorts of privileges, working against the public interest.

China's Unhealthy Elites

Food, cigarettes, booze, women—China's traditional power culture takes a toll on the body.

No Big Victory for Pakistani Democracy

This was the first Pakistani government to serve a full term, but there's no great cause for optimism.

Essays

Mr. Bernanke Goes to War

Finance ministers around the world are up in arms over the Fed's latest efforts to jump-start the anemic U.S. economy. The future of globalization hangs in the balance.

China Also Rises

Will China seek revenge for its century of humiliation at the hands of the West?

The Kremlin Begs To Differ

One doesn’t need to be a Russian domestic radical or a foreign Russophobe to see major flaws in the way Russia is ruled. The population, however, is satisfied with the status quo...for now.

The Color of China

Minxin Pei warns that China's rise may be in its last stages, but Jonathan Anderson says China's GDP juggernaut will continue going strong.

A User's Guide to the Century

Jeffrey Sachs explains why the new world order of the twenty-first century is crisis-prone.

War, Trade and Utopia

Economic interdependence leads to peace, say the globalizers. Think again, and examine the U.S.-Chinese connection.

Blogs

The World Gets Mediocre Grades

The international community is underperforming.

Budgetary Misnomers and the Cost of Defense

The concepts of discretionary and mandatory spending are rather vague.

Egyptians Have Politics Too

We need to stop seeing Islamists vs. secularists as the only dimension of Egypt's debate.

Books & Reviews

The Priesthood of Central Bankers

Central bankers have amassed unprecedented power, and yet lack serious political counterweights.

First Bank of the Living Dead

As the Great Recession gnaws at our very belief in the ability of capitalism to raise us to ever-escalating levels of wealth and prosperity, Keynes's no-longer-viable financial prescriptions are being resurrected.

Wrong on Japan

Japan is the most consistently misinterpreted major country in the world.

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May 19, 2013