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Kapital for the Twenty-First Century?  

Thomas Piketty’s Capital in the Twenty-First Century is a weighty book, replete with good information on the flows of income, transfers of wealth, and the distribution of financial resources in some of the world’s wealthiest countries. But it is not a very sound guide to policy. And despite its great ambitions, his book is not the accomplished work of high theory that its title, length, and reception (so far) suggest.



Missile Defense: A Deadly Danger  

The film Thirteen Days, which deals with the Cuban missile crisis, reminds us that the danger of global nuclear annihilation does not come, mainly, from irrational adversaries and rogue states. Instead, the main threat stems from the policies and behaviors …





Ending the Globalization Crisis  

The governing systems of the world economy have failed—in their missions and in their propaganda. Protests in Seattle, at Davos, and lately in Washington have crystallized the spirit of resentment, aimed at tiny elites with great power. Michel Camdessus, managing …



The Crisis of Globalization  

The doctrine known as the Washington Consensus was the Apostle’s Creed of globalization. It was an expression of faith that markets are efficient, that states are unnecessary, that the poor and the rich have no conflicting interests, that things turn …





Pop Respectability  

Pop Internationalism by Paul Krugman MIT Press, 1996. 214 pp. $22.50. Paul Krugman’s Pop Internationalism is a collection of essays, most of which were previously published in Foreign Affairs, Scientific American, the Harvard Business Review, and similar journals. It works …