When turmoil strikes world monetary and financial markets, leaders invariably call for 'a new Bretton Woods' to prevent catastrophic economic disorder and defuse political conflict. The name of the remote New Hampshire town where representatives of forty-four nations gathered in July 1944, in the midst of the century's second great war, has become shorthand for enlightened globalization. The actual story surrounding the historic Bretton Woods accords, however, is full of startling drama, i...

Winner of the 2010 Hayek Book Prize given by the Manhattan Institute"Money, Markets and Sovereignty is a surprisingly easy read, given the complicated issues covered. In it, Mr. Steil and Mr. Hinds consistently challenge today's statist nostrums."—Doug Bandow, The Washington TimesIn this keenly argued book, Benn Steil and Manuel Hinds offer the most powerful defense of economic liberalism since F. A. Hayek published The Road to Serfdom more than sixty years ago. The authors...

From the acclaimed economist-historian and author of The Marshall Plan, a “timely, riveting” (The Washington Post) new perspective on the political career of Henry Wallace—one that will forever change how we view the making of US and Soviet foreign policy at the dawn of the Cold War.Henry Wallace is the most important, and certainly the most fascinating, almost-president in American history. As FDR’s third-term vice president, and a hero to many p...

“[A] brilliant book…by far the best study yet” (The Wall Street Journal) of the gripping history behind the Marshall Plan and its long-lasting influence on our world.In the wake of World War II, with Britain’s empire collapsing and Stalin’s on the rise, US officials under new Secretary of State George C. Marshall set out to reconstruct western Europe as a bulwark against communist authoritarianism. Their massive, costly, and ambitious undertaking would con...

"This is a useful, accessible book for lay readers seeking an understanding of the important role that capital flows play in . . . foreign policy." — The EconomistAs trade flows expanded and trade agreements proliferated after World War II, governments—most notably the United States—came increasingly to use their power over imports and exports to influence the behavior of other countries. But trade is not the only way in which nations inte...

A polished and masterly work of historical narrative, The Marshall Plan is an instant classic of Cold War literature. With Britain's empire collapsing and Stalin's ascendant, U.S. officials under new Secretary of State George C. Marshall set out to reconstruct western Europe as a bulwark against communist authoritarianism. Their massive, costly, and ambitious undertaking would confront Europeans and Americans alike with a vision at odds with their history and self-conceptions. In the proce...

Au lendemain de la Seconde Guerre Mondiale, alors que l’Empire britannique s’effondre et que rien ne ralentit l’expansion de Staline, l’équipe du nouveau secrétaire d’État George C. Marshall planifie la reconstruction de l’Europe de l’Ouest comme un rempart contre l’autoritarisme communiste. Cette entreprise massive, ambitieuse et coûteuse, confronte aussi bien les Européens que les Américains à une vision en désaccord avec leur histoire et leurs conceptions personnelles. Dans sa lancée, e...

“[A] brilliant book…by far the best study yet” (The Wall Street Journal) of the gripping history behind the Marshall Plan and its long-lasting influence on our world.In the wake of World War II, with Britain’s empire collapsing and Stalin’s on the rise, US officials under new Secretary of State George C. Marshall set out to reconstruct western Europe as a bulwark against communist authoritarianism. Their massive, costly, and ambitious undertaking would con...

From the acclaimed economist-historian and author of The Marshall Plan, a “timely, riveting” (The Washington Post) new perspective on the political career of Henry Wallace—one that will forever change how we view the making of US and Soviet foreign policy at the dawn of the Cold War.Henry Wallace is the most important, and certainly the most fascinating, almost-president in American history. As FDR’s third-term vice president, and a hero to many p...

Winner of the 2010 Hayek Book Prize given by the Manhattan Institute"Money, Markets and Sovereignty is a surprisingly easy read, given the complicated issues covered. In it, Mr. Steil and Mr. Hinds consistently challenge today's statist nostrums."—Doug Bandow, The Washington TimesIn this keenly argued book, Benn Steil and Manuel Hinds offer the most powerful defense of economic liberalism since F. A. Hayek published The Road to Serfdom more ...

Information technology accounts for over one-third of recent U.S. GDP growth and nearly two-thirds of corporate capital investment. ''The New Economy'' appears omnipresent, but little is actually known about its workings.This seminal volume brings together the research and critical thinking of many of the world's top macro and micro economists to provide a unique, multifaceted perspective. Through the use of detailed, up-to-date country and industry studies, this book provides the ...