As the US approaches its 250th anniversary, American discontent bubbles beneath the impending celebrationsLess confident in their own institutions and increasingly dissatisfied with their country’s international commitments, Americans are venting their frustration both at home and abroad. Yet this disaffection rumbles at the same time the US has achieved unparalleled wealth and unmatched global power. Why the disconnect?In this landmark volume, Nicholas Ebe...

Nicholas Eberstadt’s landmark 2016 study, Men Without Work*,* cast a spotlight on the collapse of work for men in modern America. Rosy reports of low unemployment rates and “full or near full employment” conditions, he contends, were overlooking a quiet, continuing crisis: Depression-era work rates for American men of “prime working age” (25–54).The grim truth: over six million prime-age men were neither working nor looking for work. Conventional unemployment measures ignor...

One third of the world's population today lives under governments that consider themselves to be Marxist-Leninist. In many of these places, severe poverty was endemic in the years before Communist authorities came to power. Communist governments claim to have a special understanding into and effectiveness in dealing with problems of poverty. Marxist-Leninist rulers have been in power for nearly thirty years in Cuba, nearly forty years in China, and over sixty-five years in the Soviet Union...

This work presents a detailed picture of the divergent socio-economic trends in divided Korea since its 1945 partition. It also covers the social and political situation in the North and South today, and the domestic and international challenges to a successful Korean reunification.

Viewed from afar, North Korea may appear bizarre, or positively irrational. But as Nicholas Eberstadt demonstrates in this meticulously researched volume, there is a grim coherence to North Korea's political economy, and a ruthless logic undergirding it--one that unreservedly subordinates economic welfare to augmentation of political power. Thus, paradoxically, even as official policies and practices consign the DPRK economy to a perilous realm between crisis and catastrophe, the country's...

Remarkably, most conventional wisdom about the shifting balance of world power virtually ignores one of the most fundamental components of power: population. The studies that do consider international security and demographic trends almost unanimously focus on population growth as a liability. In contrast, the distinguished contributors to this volumesecurity experts from the Naval War College, the American Enterprise Institute, and other think tankscontend that demographic decline in ...

By one reading, things look pretty good for Americans today: the country is richer than ever before and the unemployment rate is down by half since the Great Recession.But a closer look shows that something is going seriously wrong. This is the collapse of work—especially among America's men. Political economist Nicholas Eberstadt shows that while "unemployment" has gone down, America's work rate is also lower today than a generation ago—and that the work rate for U.S. men has been...

Entrepreneurship, personal responsibility, and upward mobility: These traditions are at the heart of the free enterprise system, and have long been central to America's exceptional culture. In recent years, however, policymakers have dramatically weakened these traditions -- by exploding the size of government, propping up their corporate cronies, and trying to reorient our system from rewarding merit to redistributing wealth.In The Road to Freedom, American Enterprise Ins...

How government can implement more successful policies, more oftenFrom healthcare to workplace and campus conduct, the federal government is taking on ever more responsibility for managing our lives. At the same time, Americans have never been more disaffected with Washington, seeing it as an intrusive, incompetent, wasteful giant. Ineffective policies are caused by deep structural factors regardless of which party is in charge, bringing our government into ever-wors...

Americans’ relationship to the federal government is paradoxical. Polls show that public opinion regarding the government has plummeted to all-time lows, with only one in five saying they trust the government or believe that it operates in their interest. Yet, at the same time, more Americans than ever benefit from some form of government social provision. Political scientist Suzanne Mettler calls this growing gulf between people’s perceptions of government and the actual role it plays in ...

After the 2008–9 global financial crisis, reforms to promote stability, social inclusion, and sustainability were promised but not delivered. As a result, the global economic situation, marred by inequality, volatility, and climate breakdown, remains dysfunctional.Now, the economic fallout from the Covid-19 pandemic offers us a second chance. Kevin Gallagher and Richard Kozul-Wright argue that we must grasp it by implementing sweeping reforms to how we govern global money, finance,...

How our false narratives about post-racism and meritocracy have been used to condone egregious economic outcomes—and what we can do to fix the system.2024 Axiom Business Book Awards - Silver Medal in EconomicsThe Myth That Made Us exposes how false narratives—of a supposedly post-racist nation, of the self-made man, of the primacy of profit- and shareholder value-maximizing for businesses, and of minimal government interference—hav...