Richard Baum does not foresee China and the US “trading places†in the near future but does not rule out this scenario in twenty to thirty years. He evaluates China’s role in the international system. China’s strong economic growth continues, though probably slowing, and...

Thomas Palley argues that the causes of the “Great Recession†are not primarily to be found in the asset bubble that was allowed to inflate in the housing market and in the financial sector. The bubbles actually reflect the longer-term basis for stagnation that originate in the...

Paul Schroeder presents a historical argument for the declining possibility of wars between the world’s great powers. In large part this new era of peace is generally a success story rooted in practical experience, historical knowledge and institution building since the Concert of Europe....