At the end of World War II, the United States had all the money—and all the power. Now, America finds itself cash poor, and to a great extent power follows money. In The End of Influence, renowned economic analysts Stephen S. Cohen and J. Bradford DeLong explore the grave consequences this loss will have for America’s place in the world. America, Cohen and DeLong argue, will no longer be the world’s hyperpower. It will no longer wield soft cultural power or dictate a monolithic foreign policy. More damaging, though, is the blow to the world’s ability to innovate economically, financially, and politically. Cohen and DeLong also explore American’s complicated relationship with China, the misunderstood role of sovereign wealth funds, and the return of state-led capitalism. An essential read for anyone interested in how global economics and finance interact with national policy, The End of Influence explains the far-reaching and potentially long-lasting but little-noted consequences of our great fiscal crisis.

The End of Influence: What Happens When Other Countries Have the Money

Business & Money

Cohen, Stephen S.

Delong, J.Bradford

International

Basic Books

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, economists Stephen S .Cohen and J. Bradford DeLong argue that this loss of liquid capital will have grave consequences for our standing in the world.
 An essential read for business executives and connoisseurs of world politics alike, The End of Influence tells us what we can do to maintain stability in the world.

Manufacturing matters – and today more so than ever before. Indeed, the widely held belief that we live in a “post-industrial” economy in which manufacturing has been displaced and somehow rendered obsolete by a white-collar and service economy is a dangerous myth that is seriously undermining our ability to compete successfully in world markets. For, as the authors of this brilliantly argued and extensively documented book point out, in today’s sophisticated technological environments, high-tech services are inextricably linked to mastery and control of manufacturing. Lose manufacturing, and you will lose your competitive edge high-tech capabilities, as well as much else. It is the central theme of “Manufacturing Matters” that, unless there is a fundamental change in both corporate and public policies, that is precisely what is going to happen. The appearance on a mass scale of new micro-electronic based technologies has put the position of every nation in the international hierarchy of wealth and power, including the United States, up for grabs. To date, Cohen and Zysman report, this country has not adjusted well to these changes. Only by recognizing the crucial role of manufacturing and manufacturing skills, they insist, can we restore our competitive preeminence.

Manufacturing Matters: The Myth of the Post-Industrial Economy

Economics

Modern capitalist planning: The French model

University of California Press

an excellent new book” Paul Krugman, The New York Times History, not ideology, holds the key to growth. Brilliantly written and argued, Concrete Economics shows how government has repeatedly reshaped the American economy ever since Alexander Hamilton’s first, foundational redesign. This book does not rehash the sturdy and long-accepted arguments that to thrive, entrepreneurial economies need a broad range of freedoms. Instead, Steve Cohen and Brad DeLong remedy our national amnesia about how our economy has actually grown and the role government has played in redesigning and reinvigorating it throughout our history. The government not only sets the ground rules for entrepreneurial activity but directs the surges of energy that mark a vibrant economy. This is as true for present-day Silicon Valley as it was for New England manufacturing at the dawn of the nineteenth century. The authors’ argument is not one based on abstract ideas, arcane discoveries, or complex correlations. Instead it is based on the factsfacts that were once well known but that have been obscured in a fog of ideologyof how the US economy benefited from a pragmatic government approach to succeed so brilliantly. Understanding how our economy has grown in the past provides a blueprint for how we might again redesign and reinvigorate it today, for such a redesign is sorely needed.

Concrete Economics: The Hamilton Approach to Economic Growth and Policy

Harvard Business Review Press

See the best price to sell, buy, or rent books by Cohen, Stephen S.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Cohen, Stephen S.

See the best price to sell, buy, or rent books by Cohen, Stephen S.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

The End of Influence: What Happens When Other Countries Have the Money

The End of Influence: What Happens When Other Countries Have the Money

Manufacturing Matters: The Myth of the Post-Industrial Economy

Modern capitalist planning: The French model

Concrete Economics: The Hamilton Approach to Economic Growth and Policy