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Synopsis
This is a provocative argument about the future of American power now that the US is not the world's biggest banker. At the end of World War II, America had all the money-and all the power. Now, after the Great Crash of 2008, America is cash poor. In "The End of Influence", Berkeley economists Brad DeLong and Stephen Cohen argue that this loss of liquid capital will have grave consequences for America's standing in the world. According to Cohen and DeLong, our current era will be marked by a loss of American power to dictate foreign policy, a loss of American soft cultural power, and a loss of entrepreneurial innovation worldwide. An essential read for business executives and connoisseurs of world politics alike, "The End of Influence" will expose these alarming trends-and tell us what we can do.
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About the Author
Brad DeLong is a noted economist at the University of California, Berkeley. He was also an official at the Department of the Treasury in the Clinton Administration. He is co-editor of The Economists' Voice, and author of a bestselling textbook called Macroeconomics. He writes a monthly syndicated op-ed column for Project Syndicate and contributes occasionally to the New Republic. His also writes one of the most widely read economics blogs in the world, Brad DeLong's Semi-Daily Journal. He lives in California. Stephen Cohen is a Professor of Regional Planning at the University of California at Berkeley, and Co-Director of the Berkeley Roundtable on the International Economy (BRIE). He is an economic consultant for the US Federal Government (all branches) and writes widely for the print media; he has also written a number of academic monographs. He lives in California.
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