Listed
below are some of the book summaries that we have in our
library.
Business Books A-F G-M N-S T-Z
Economic and Policy Books* G-M N-S T-Z
Telecommunications Competition: The
Last Ten Miles
By Ingo Vogelsang and Bridger M. Mitchell
AEI Press March 1997
ISBN 0844740659
This
book analyzes the effects of dramatic technological, regulatory,
and market changes on competition in the last ten miles
of the telephone network--the most pivotal issue raised
by the Telecommunications Act of 1996.
Ingo Vogelsang is professor of economics at Boston University. Bridger M. Mitchell
is a vice president of Charles River Associates.
Local competition today appears as contentious as long-distance competition
was in the early 1970s. And whereas in the 1970s AT&T faced competition
mainly from what was then a tiny startup company called MCI, local service
incumbents today are under attack from a host of entrants, ranging from small
but financially well-backed competitive access providers, cable television
companies, electric utilities, and cellular carriers to the mighty AT&T
itself.
Tell Me Why: A Father Answers His
Daughter's Questions about God
By Michael Novak and Jana Novak
Pocket Star September 1998
ISBN 067101885X
320 pages
Why
is religion, any religion, important? How should we think
of God? Does one need to be a Mother Teresa to be a good
Christian? A long list of such questions from Jana Novak
to her father, theologian Michael Novak, led to Tell Me
Why, an extended dialogue about religion and its bearing
on contemporary life.
Michael Novak, recipient of the Templeton Prize for Progress in Religion in
1994, holds the George Frederick Jewett Chair at AEI. His dozens of books include
The Spirit of Democratic Capitalism, Business as a Calling: Work and the Examined
Life, The Joy of Sports, and Belief and Unbelief. Jana Novak writes poetry
and fiction and is employed as a speechwriter in Washington, D.C.
In the early summer of 1996, Michael Novak was at a seminar in Poland when
his daughter Jana faxed a long series of questions. That message and his reply
were the beginning of a correspondence between daughter and father that turned
into Tell Me Why. In his initial reply, Michael Novak wrote: "I want to
do the best thinking and writing I can, because as far as I'm concerned this
is your inheritance, or the most part of it." He went on to explain, "What
I have to leave you, Jana, is the inner life of our faith. It has kept our
family going through wars and peace for perhaps a thousand years, in the invisible
lustrous chain of God's love."
Telling
the Truth: Why Our Culture and Our Country Have Stopped
Making Sense--and What We Can Do about It
By Lynne V. Cheney
Touchstone Books Reprint edition (September 1996)
ISBN 0684825341
260 pages
This
book is a study of the threat to American culture and society
posed by contemporary doctrines of multiculturalism, critical
legal studies, radical feminism, and critical race theory.
The author is the W. H. Brady, Jr., Distinguished Fellow
at AEI. Excerpts from the book's introduction follow.
As one witness reported it, "The scene . . . recalled the daily minute
of hatred' in George Orwell's 1984, when citizens are required to rise and
hurl invective at pictures of a man known only as Goldstein, the Great Enemy
of the state." And I was Goldstein, one of the enemies whose very name
evoked jeers and hoots from the assembly--which, somewhat surprisingly considering
their behavior, happened to be composed of academics from Duke University and
the University of North Carolina. And what had I done to deserve demonization
by this distinguished group? As chairman of the National Endowment for the
Humanities (NEH), I had written a pamphlet entitled, innocuously enough, Humanities
in America: A Report to the President, the Congress, and the American People.
In it, I had observed:
The Advantage of Competitive Federalism
for Securities Regulation
By Roberta Romano
AEI Press (January 2003)
ISBN 0844741736
In
this incisive analysis of securities regulation, Roberta
Romano demonstrates that the current approach toward U.S.
securities regulation by the Securities and Exchange Commission
should be revamped by implementing a regime of competitive
federalism. Under such a system firms would select their
regulator from among the fifty states, the District of
Columbia, the SEC, or other nations. She asserts that competitive
federalism harnesses the high-powered incentives of markets
to the regulatory state to produce regulatory arrangements
compatible with investors' preferences. Firms will locate
in the domicile investors prefer so as to reduce the cost
of capital, and states will have financial incentives,
such as incorporation and registration fees, to adapt their
securities regimes to firms' domicile decisions.
Romano
contends that empirical evidence does not indicate that
the SEC is effective in achieving its stated objectives.
The commission's expansions of disclosure requirements
have not had a significant impact on investors' wealth.
Indeed, she contends, evidence from institutional equity
and debt markets and cross-country listing practices have
shown that firms voluntarily disclose more information
than they would under mandatory requirements because firms
want to provide the information investors demand. Romano
concludes that competitive federalism will enable new U.S.
and foreign issuers as well as mature issuers to select
a securities regulatory regime that is superior to that
of the SEC: the aspects of the SEC's regime that are valuable
to investors will be retained; those that are not will
be discarded. The resulting regime will enhance the wealth
of investors.
The
Antitrust Laws: A Primer, Fourth Edition
By John H. Shenefield and Irwin M. Stelzer
AEI Press 4th edition (November 2001)
ISBN 084474154X
190 pages
This
book explains antitrust policy and the way antitrust laws
treat a variety of business practices.
It will enable business executives and students to understand the interaction
of law and economics in antitrust enforcement and to assess more knowledgeably
day-to-day business situations. The new edition features expanded discussions
of how the antitrust laws apply to intellectual property and of international
antitrust enforcement.
Mr. Shenefield, a partner in the Washington, D.C., firm of Morgan, Lewis, and
Bockius, is former head of the Antitrust Division of the U.S. Department of
Justice. Mr. Stelzer is the director of regulatory policy studies at the Hudson
Institute.
The
Bell Curve: Intelligence and Class Structure in American
Life
by Richard J. Herrnstein and Charles Murray
Touchstone Books January 1996
ISBN 0684824299
The
Bell Curve is a meticulous examination of the nature of
human intelligence and its role in shaping American society.
It argues that intelligence, as measured by IQ and similar
tests, is a real and important attribute of individuals;
that intelligence varies from person to person in the same
way that height and other physical characteristics vary
(there is a "normal distribution" of intelligence
within a population--hence "the bell curve");
that American communities (residential, educational, occupational,
social) are becoming stratified by cognitive ability; that
this stratification jeopardizes social welfare and our
political institutions and ideals in important ways; and
that numerous government policies are aggravating the problem.
The Bell Curve presents an enormous weight of evidence and scholarship on each
of these points, while providing balanced discussion of alternative interpretations
and viewpoints. The book is a model of clear writing about complex and controversial
topics and is carefully organized to be easily accessible to general readers
as well as to experts.
The
Congress of Prague: Revitalizing the Atlantic Alliance
Edited by Gerald Frost and William E. Odom
AEI Press June 1997
ISBN 0844740217
150 pages
On
May 10-12, 1996, more than 300 intellectual and political
leaders met at the Congress of Prague. Czech President
V clav Havel welcomed the participants, who came to celebrate
the achievements of Western civilization and to affirm
the values on which that civilization is based. The event,
which launched the New Atlantic Initiative (NAI), concluded
with a declaration of common principles--an eloquent and
unapologetic statement of belief in individual liberty,
the market economy, and democratic pluralism, which those
present were invited to sign. The chapters in this volume
derive from the addresses and policy discussions at the
congress. Gerald Frost is research director of the New
Atlantic Initiative and a consultant director of the Institute
for European Defense and Strategic Studies. Lt. Gen. William
E. Odom, USA (ret.), is director of national security studies
for the Hudson Institute and an adjunct professor at Yale
University.
The Congress of Prague is a guide to the issues that will shape what is currently
a fluid and uncertain international order. It explores the means available
to persons prepared to act on the conviction of those who organized the congress--that
enhancing international stability, raising standards of prosperity, and expanding
the sphere of individual liberty depend crucially on rejuvenating the Atlantic
partnership.
The
Cuban Revolution and the United States: A History in
Documents, 1958-1960
Edited by Mark Falcoff
U.S. Cuba Press December 6, 2001
ISBN 1884750028
452 pages
In
this book, Mark Falcoff debunks longstanding myths about
the early years of the Cuban revolution, drawing primarily
on previously classified materials and other primary sources.
He covers the decline of the Batista regime, the ascendancy
of Fidel Castro and communism, and the growing alignment
with the Soviet bloc, as well as U.S. attempts to remove
Castro. The documents Falcoff examines underscore the confusion
and impotence of the United States when it was faced with
a ruthless and determined revolutionary backed by another
superpower and prepared to play a high-stakes game regardless
of the ultimate cost to his people.
Falcoff is a resident scholar at AEI and was previously a visiting fellow at
the Council on Foreign Relations. His recent books include A Culture of Its
Own: Taking Latin America Seriously (1998) and Panama's Canal: What Happens
When the United States Gives a Small Country What It Wants (1998). The following
summary is adapted from his introduction to The Cuban Revolution and the United
States.
Few foreign policy issues of the postwar era have been subject to so much myth
and misrepresentation as the circumstances surrounding the United States's
reaction to the Cuban revolution. The way that we view Castro's revolution-its
origins, course, and consequences-has been strongly influenced by our evolving
notions of that larger event, and the Cuban regime has unquestionably benefited
these past thirty years from the advance of revisionist interpretations.
Thus, the story goes, an innocent Castro, seeking help from a cold and unfeeling
United States, was "forced" to turn to the Soviet Union. In spite
of the fact that the Cuban dictator himself has on occasion denied that this
was the case and in spite, too, of repeated findings to the contrary by historians,
this basically fictitious version has won near-universal acceptance. But now
a huge cache of formerly classified materials, taken together, explodes the
myth of the United States driving Cuba into revolution. The most important
of these sources is a volume edited by John P. Glennon, Foreign Relations of
the United States, 1958-1960: Cuba. While it is an invaluable source for historians,
it is cumbersome and-at more than a thousand pages long-even a bit intimidating
for the general user. And while the editor provides some explanatory notes,
they are far from adequate for the laity. The Cuban Revolution and the United
States is an attempt to extract from that volume its most valuable essence
and add background (and at times a running commentary), while enriching the
findings with additional materials whose inclusion, logically, would be out
of place in a diplomatic yearbook.
The
Demise of Environmentalism in American Law
by Michael S. Greve
American Enterprise Institute 1st edition (April 1996)
ISBN 0844739804
147 pages
This book is a study of legal doctrines that hinder the
development of efficient, economically sound policies
for protecting the environment. The author is the
executive director of the Center for Individual Rights and an adjunct scholar
at AEI. A summary of the book follows.
Legal
scholars, policy analysts, and journalists who follow environmental
politics have noted that federal courts have become increasingly
skeptical of environmental regulation. Judges now treat
environmental interest groups and regulators more harshly,
and industry plaintiffs more sympathetically. These tendencies
signal a broader and more profound shift, the demise of
environmental values and ideology in American constitutional
and administrative law. The courts have jettisoned ecological
presumption and returned to more traditional legal doctrines.
This shift is conducive to somewhat more sensible and efficient
regulation. Moreover, it has had a profound effect on the
substance and tone of the environmental policy debate.
The
Economics of Crop Insurance and Disaster Aid
By Barry K. Goodwin and Vincent H. Smith
AEI Press September 1995
ISBN 0844739081
153 pages
This
book is a study of the history, operation, and performance
of U.S. crop insurance and disaster relief programs. The
authors are associate professors of agricultural economics
at North Carolina State University and Montana State University,
respectively. A summary of the book follows.
Subsidized government insurance and disaster relief programs were first introduced
in 1938 to aid depression-era farmers in managing catastrophic yield shortfalls
due to weather or other natural disasters. The programs have since developed
into a complex, expensive, and, at times, contradictory set of policies. Between
1985 and 1993, more than $25 billion was directed toward agricultural disaster
assistance and insurance programs.
The
Economics of Preferential Trade Agreements
Edited By Jagdish Bhagwati and Arvind Panagariya
AEI Press December 1996
ISBN 0844739693
168 pages
The
essays collected in this volume critically assess the claims
advanced by proponents of free trade areas and analyze
the two principal initiatives of recent U.S. trade policy:
the North American Free Trade Agreement and the Asia-Pacific
Economic Cooperation. Mr. Bhagwati is the Arthur Lehman
Professor of Economics and professor of political science
at Columbia University. Mr. Panagariya is professor of
economics and codirector of the Center for International
Economics at the University of Maryland.
Contrary to popular opinion, which equates free trade agreements (FTAs) with
genuine free trade, FTAs are in fact preferential trading arrangements (PTAs).
They are therefore two-faced: they offer free trade to members but (implicitly)
protection against nonmembers. The economics of PTAs is therefore far more
complex than that of genuinely nondiscriminatory free trade. Indeed, the economics
of PTAs leaves them open to serious reservations, bringing into doubt the wisdom
of recent U.S. trade policy.
Since the early 1980s, FTAs have rapidly proliferated, and U.S. trade policy
now embraces them energetically. This is evident from the current administration's
(and indeed the Bush administration's) desire to extend the North American
Free Trade Agreement (NAFTA) to Chile and beyond, and from the occasional high-level
expressions of interest in turning the Asia-Pacific Economic Cooperation (APEC)
into yet another FTA.
The
Effects of Credit Policies on U.S. Agriculture
By Peter J. Barry
AEI Press September 1995
ISBN 0844739057
113 pages
This
book is a study of the past performance of and future outlook
for public credit programs for agriculture. The author
is professor of agricultural economics at the University
of Illinois. A summary of the book follows.
Public credit programs and financial policies have long played a significant
role in agricultural finance. These programs have sought to fill gaps in agricultural
lending, especially for farm real estate; to add market liquidity; and to target
funds to higher-risk borrowers with good prospects who are unable to obtain
financing from commercial lenders. This book examines the historical operations
of farm financial policy in the United States and explores the general implications
of this history for the role of public credit in a diverse agricultural sector.
The
End of North Korea
By Nicholas Eberstadt
AEI Press September 1999
ISBN 084474087X
175 pages
As
the twentieth century draws to a close, it is apparent
that the Democratic People's Republic of Korea (DPRK)-which
has exemplified so many of the tragic, destructive, and
ultimately unworkable political tendencies of our era-is
itself a colossal failure. In fact, its failure is so pervasive,
so deep, and so apparently irremediable that we may now
begin to speak of, and to contemplate, the end of North
Korea. This book does just that. The author considers the
history, the present dire circumstances, and the current
options of the DPRK. He also assesses the risks that North
Korea poses to its neighbors and to international stability
and suggests ways in which concerned governments might
begin to think about the collapse of the DPRK and how to
respond. This summary is drawn from the book's introduction.
Nicholas Eberstadt is a visiting scholar at AEI and at the Harvard Center for
Population and Development Studies. His previous books include The Tyranny
of Numbers: Mismeasurement and Misrule (1995) and Korea Approaches Reunification
(1995).
The
End of Racism: Principles for a Multiracial Society
By Dinesh D'Souza
Touchstone Books September 1996
ISBN 0684825244
724 pages
This book is an inquiry into the history, nature, and ultimate meaning of racism
in modern America. The author is the John M. Olin Research Fellow at AEI. A
summary of the book follows.
The affirmative action dilemma in the United States arises out of a conflict
between two important social goals: equality of rights for individuals and
equality of results for groups. The first, which Martin Luther King articulated
when he called for us to be judged by our character rather than skin color,
is probably the most widely shared tenet of the American political creed. But
if we wish to live in a pluralistic and inclusive nation, we will have to strive
to avoid a social system in which some groups are durably ensconced at the
top while others remain at the bottom; we cannot be indifferent to concerns
about group equality.
The
Ethics of Human Cloning
By Leon R. Kass and James Q. Wilson
AEI Press 1st edition (June 1, 1998)
ISBN 0844740500
122 pages
If human cloning becomes a practical reality, is it a
reality we humans should countenance? Should human cloning
be left to individual choice and discovery,
regulated (for example, limited to married couples or infertile married couples),
or banned outright? Leon R. Kass and James Q. Wilson arrive at different
answers to these questions, on the basis of different
assessments of the ethical implications
of cloning for human sexuality and the traditional family. This volume includes
two essays by each author-a main essay and a second one responding to the
other.
Mr. Kass is the Addie Clark Harding Professor in
the Committee on Social Thought and the College
of the University of Chicago and an AEI adjunct
scholar. Mr.
Wilson is the James A. Collins Professor of Management and Public Policy
Emeritus at the University of California, Los Angeles,
and chairman of AEI's Council
of Academic Advisers.
The
Failure of Antitrust and Regulation to Establish Competition
in Long-Distance Telephone Services
by Paul W. MacAvoy
AEI Press June 1996
ISBN 0844740616
This book examines the effect of regulation on competition
in long-distance telephone markets after the 1984 breakup
of the Bell System. Thus, it is a
useful guide to the thinking of the leaders in the industry, Congress, and
the state regulatory commissions on how far to proceed in relying on regulatory
agencies to establish competition in key public utility markets. The author
is the Williams Brothers Professor of Management Studies at the Yale School
of Management and former economic adviser to Presidents Ford and Bush.
With the antitrust decree breaking up the Bell
System in 1984, the federal court overseeing the
final court judgment took on the task of determining
how
markets for long-distance telephone service would evolve from a regulated
public utility to an open, competitive structure.
Dividing out this task, the Justice
Department was to monitor the growth of competition, and the Federal Communications
Commission was to regulate entry and prices. In effect, three regulatory
organizations, including the antitrust court, through
daily rulemaking, were to set out conditions
that would replace regulation redundant with markets dominated by competitive
entry and pricing.
The Feminist Dilemma: When Success
Is Not Enough
By Diana Furchtgott-Roth and Christine Stolba
AEI Press 1st edition (December 2001)
ISBN 0844741299
200 pages
The
achievement of women's equality poses a serious dilemma
for contemporary feminists, because it marks the end of
the movement's reason for existence. Thus, rather than
celebrate victory, today's feminists feign defeat. This
book explains how the contemporary feminists' ideological
campaign in the courts and in Congress is undermining the
principles of our economic system-and how those efforts
actually do not help women's progress.
Diana Furchtgott-Roth was a resident fellow at AEI from 1993 to 2001. Christine
Stolba is a senior fellow with the Independent Women's Forum and an adjunct
scholar of AEI. Furchtgott-Roth and Stolba previously coauthored Women's Figures:
An Illustrated Guide to the Economic Progress of Women in America (AEI Press,
1999). The following summary of The Feminist Dilemma is adapted from the first
chapter of the book.
The
First Measured Century: An Illustrated Guide to Trends
in America, 1900-2000
By Theodore Caplow, Louis Hicks, and Ben J. Wattenberg
AEI Press 1st edition (November 20, 2000)
ISBN 0844741388
308 pages
The First Measured Century is a comprehensive overview
of twentieth-century America. A unique feature of the
book is its presentation of key trends through
more than two hundred charts with explanatory text. A companion reference
volume to a PBS documentary of the same name, The First
Measured Century examines
one hundred years of data on diverse aspects of American life, including
population, work, education, family, living arrangements,
religion, active leisure, health,
money, politics, government, crime, transportation, business, and communications.
Theodore
Caplow is the Commonwealth Professor of Sociology at the
University of Virginia. Louis Hicks is an associate professor
of sociology at St. Mary's College of Maryland. Ben J.
Wattenberg is a senior fellow at AEI.
Powered
by massive immigration, a midcentury "baby boom," and
a dramatic increase in life expectancy, the American population
nearly quadrupled from 76 million in 1900 to 275 million
in 2000.
The
Fiscal Revolution in America, Policy in Pursuit of
Reality
By Herbert Stein
AEI Press 2nd Revision edition (January 1996)
ISBN 0844739367
636 pages
This
book, a classic study of fiscal policy from the administration
of Herbert Hoover to that of Lyndon Johnson, has now been
augmented by a new essay covering the period from 1964
to 1994. The author is a senior fellow at AEI. A summary
of the book, by Mr. Stein, follows.
In
1929 there was no doubt that balancing the budget was the
fiscal policy of the United States. There had been deficits
in wartime and some other years when the mark had been
missed, but the misses had been small, and the debts incurred
in wartime had been subsequently reduced. In 1929 not only
was the budget in balance, but there was provision for
annual reduction of the debt left from the world war.
The
Foreign Investment Debate: Opening Markets Abroad or
Closing Markets at Home?
Edited by Cynthia A. Beltz
AEI Press August 1995
ISBN0844738875
136 pages
From
R&D policy to deregulation of the telecommunications
and financial service sectors, there is a growing movement
to use foreign investors in the United States as a tool
to open markets abroad. This volume brings together for
the first time leaders from the business, research, and
policy communities to examine whether this shift away from
an open door makes economic sense. It also includes a statistical
appendix on the economic role of foreign investment, a
review of policy trends, and a listing of existing investment
obligations and multilateral mechanisms. The editor is
a research fellow at AEI. A summary of the book follows.
Transnational
investment flows increasingly drive economic growth and
serve as the primary means for supplying a foreign market.
Over the past decade, for example, annual foreign direct
investment (FDI) outflows have increased twice as fast
as has world trade. Yet, unlike trade, few multilateral
rules on investment exist. Breaking down the barriers to
transnational investment flows thus represents the next
major step for expanding the global trading system. But
there is a growing debate over how this should be accomplished.
The
GAAP Gap: Corporate Disclosure in the Internet Age
By Robert E. Litan and Peter J. Wallison
AEI Press (November 2000
ISBN 0844741477
96 pages
Today's
knowledge-based economy requires a new framework for corporate
disclosure. The authors of this book envision an entirely
new system of assessing the value of companies-a system
tapping the vast communication capabilities of the Internet.
Corporate financial reporting would become forward-looking,
would be based on precise, comparable measures, and would
be presented in real time.
Robert
E. Litan directs the economic studies program and holds
Cabot Family Chair in Economics at the Brookings Institution.
He is also the codirector of the AEI-Brookings Joint Center
for Regulatory Studies. Peter J. Wallison is a resident
fellow at the American Enterprise Institute and codirector
of AEI's project on financial market deregulation.
The
Generally Accepted Accounting Principles (GAAP) in use
today evolved out of an accounting system designed to measure
and report the value of companies that used tangible assets-such
as rolling stock, machinery, or land-to manufacture goods
or provide services. In that system, the cost of the assets
used in the production of income was the foundation of
the values recorded on the balance sheet. That made sense
because the cost of those assets was their value-they could
be duplicated in most cases for the amount at which they
were carried on the company's balance sheet. Moreover,
the depreciation of those assets over time allowed costs
to be allocated to revenues in order to provide a more
accurate measure of profitability.
The
Germans: Portrait of a New Nation
Edited by Jeffrey Gedmin
This book, a companion volume to the PBS television documentary
of the same name, is an in-depth look at how unification
has affected Germany's people. The bilingual book includes
interviews with German families and commentary by leading
public officials, including an exclusive interview with German
Chancellor Helmut Kohl. The editor is a research fellow at
AEI. A summary of the book and excerpts from key interviews
follow.
No
Western country has felt more immediately the impact of
the end of the cold war than Germany. For forty years Germany
was divided between East and West, and the border between
them was the focus of a nuclear standoff. Today Germany
stands at the center of a new and changing Europe. In the
West, it has become the most influential member of the
European Union. In the East, it is the biggest investor
in, contributor of aid to, and a leading trading partner
with the former Soviet bloc.
The
Illustrated Guide To The American Economy
By Herbert Stein and Murray Foss
AEI Press 3rd Revision edition (January 2000)
ISBN 0844741035
285 pages
This
book consists of more than 120 factual statements-each
illustrated by a page of color charts and explained in
a page of text-that provide a broad picture of the U.S.
economy. The following summary is meant to convey the scope
and the major themes of the book.
Herbert
Stein, a former chairman of the President's Council of
Economic Advisers, had long been a senior fellow at AEI
before his death in September 1999. His other books available
from the AEI Press include What I Think: Essays on Economics,
Politics, and Life (1998); On the Other Hand: Essays on
Economics, Economists, and Politics (1995); and Presidential
Economics: The Making of Economic Policy from Roosevelt
to Clinton (revised edition, 1994). Murray Foss, who was
the senior staff economist in charge of forecasting for
the Council of Economic Advisers, is a visiting scholar
at AEI.
Our
best overall measure for gauging economies of different
sizes is the per capita gross domestic product-the sum
of the total output of goods and services produced within
the borders of a country, divided by the population. Total
output per capita is significantly higher in the United
States than in other large "rich" countries.
Comparisons for 1998 based on the purchasing power of different
local currencies-rather than exchange rates-show that the
per capita GDP of the United States was 15 percent above
Switzerland's, 25 percent above Canada's and Japan's, and
33 percent above Germany's. For both Sweden and the United
Kingdom, the margin was 43 percent or more.
The
Imperative of American Leadership: A Challenge to Neo-Isolationism
By Joshua Muravchik
AEI Press arch 1996
ISBN 0844739588
273 pages
This
book presents the case for an active, interventionist American
foreign policy in the post-cold war era. The author is
a resident scholar at AEI. A summary of the book follows.
This
book is an argument. It is an argument for a certain kind
of U.S. foreign policy now that the cold war is behind
us. It is an argument for a foreign policy that is engaged,
proactive, interventionist, and expensive--as compared
with what others would do.
This
argument flies in the face of the shibboleth that America
cannot be the world's policeman. In truth, it must be more
than that. A policeman gets his assignments from higher
authority. But in the community of nations, there is no
higher authority. America is the wealthiest, mightiest,
and most respected nation. At times, it must be the policeman
or head of the posse--at others, the mediator, teacher,
or benefactor. In short, America must accept the role of
world's leader.
The
Joy of Freedom: An Economist's Odyssey
By David R. Henderson
Financial Times Prentice Hall1st
edition (September 24, 2001)
ISBN 0130621129
384 pages
In The Joy of Freedom: An Economist's Odyssey, David R. Henderson demonstrates
the power of free markets to improve the environment, education, health, community,
culture, and every other important aspect of life.
Henderson is a research fellow with the Hoover Institution and an adjunct scholar
of AEI. This summary is adapted from the preface to The Joy of Freedom.
No one I know of who believes in freedom has written a book that makes the
case for freedom in a personal way. Yet the vast majority of people respond
to messages that have a personal touch. We love stories about how people learned
various things from their life experiences. I notice this in the classes I
teach, the speeches I give, and the articles I write. People often remember
a larger principle or concept by relating it to the story told that illustrates
it. People also love to observe conflict; they like to see physical or verbal
battles between good and evil in which good triumphs, or at least gets the
last word. I believe that the market is due, indeed overdue, for a book that
contains dramatic personal stories and stories about conflict whose message
celebrates freedom. The Joy of Freedom: An Economist's Odyssey is that book.
The
Marriage Problem: How Our Culture Has Weakened Families
By James Q. Wilson
HarperCollins Mrch 19, 2002
ISBN 0066209838
288 pages
Once
a reliable thread in our social fabric, marriage is now
a convenient promise easily made and just as easily broken.
Long taken for granted, it is now under attack, and the
result is devastating. This book exposes the patterns that
have allowed us to degrade marriage and shows how we can
reclaim it.
James
Q. Wilson is the chairman of AEI's Council of Academic
Advisers and was formerly a professor at Harvard University
and the University of California at Los Angeles. His books
include On Character (AEI Press, expanded edition 1995)
and, with Leon R. Kass, The Ethics of Human Cloning (AEI
Press, 1996). A summary of The Marriage Problem: How Our
Culture Has Weakened Families follows.
Everyone
knows and almost everyone regrets the difficulties into
which marriage has fallen in the United States. Single-parent
families hurt children, even after the effect of low income
is taken into account. Divorces hurt many children, even
after the predivorce family conflict is considered. Children
born to a cohabiting couple are generally worse off than
those born to a married couple.
Tocqueville
on American Character
By Michael A. Ledeen
In
this book, Michael A. Ledeen discusses the portrait of
the American people found in Alexis de Tocqueville's two-volume
classic, Democracy in America (vol. 1, 1835; vol. 2, 1840).
Tocqueville saw the United States as the bellwether of
a grand historical trend toward equality. Although he greatly
admired the energy and fortitude of the Americans he observed
in the Jacksonian Era, he feared that Americans might eventually
give in to selfishness, materialism, and dependence on
government.
Mr.
Ledeen holds the Freedom Chair at AEI. His recent books
include Machiavelli on Modern Leadership (1999) and Freedom
Betrayed: How America Led a Global Democratic Revolution,
Won the Cold War, and Walked Away (1996).
No
one before Alexis de Tocqueville or since has understood
us as well as he has, and no one can be considered well-educated
without having grappled with Tocqueville's profound inquiry
into American character. Tocqueville knew that the destiny
of half the world would one day depend upon America, and
it behooves everyone affected by that development-Americans
and foreigners, friends and foes-to listen closely to him.
The
Neoconservative Imagination: Essays in Honor of Irving
Kristol
Edited by Christopher DeMuth and William Kristol
AEI Press March 1995
ISBN 0844738999
249 pages
The
essays in this volume were written by Irving Kristol's
friends and intellectual compatriots for his seventy-fifth
birthday, January 22, 1995. The book also includes a collection
of passages from Kristol's writings and a bibliography
of his published work through the end of 1994. Christopher
DeMuth is the president of AEI; William Kristol is the
chairman of the Project for the Republican Future. A summary
of the book follows.
Since
his first published essay more than fifty years ago, Irving
Kristol has written with rare insight and prescience on
topics ranging from politics to literature and from economics
to religion, while editing several of the most influential
intellectual journals of our time and serving as mentor
and career shaper to hundreds of journalists, intellectuals,
and academics. What is most striking about Kristol, however,
is not that he is an effective generalist in an age of
specialists but that his wide-ranging work exhibits strong
intellectual unity; he not only crosses but combines disparate
fields of inquiry and does so in a way that deepens our
understanding of each field.
The
New Finance: Regulation and Financial Stability
By Franklin R. Edwards
AEI Press; ; (October 1996)
ISBN 084473988X
221 pages
This
book describes revolutionary developments in American finance
and proposes regulatory reforms aimed at strengthening
the stability of financial markets and reducing the need
for government support and oversight of financial institutions.
The
author is the Arthur F. Burns Professor of Free and Competitive
Enterprise at the Graduate School of Business of Columbia
University.
Dramatic
changes in information and telecommunications technologies
have transformed U.S. financial markets in the 1980s and
1990s. Traditional financial intermediaries, such as banks,
have had to change what they do and how they do it in response
to a steady stream of new financial products and instruments
that have crumpled the competitive barriers that historically
separated financial institutions in the United States.
The
New Illustrated Guide to the American Economy
by Herbert Stein and Murray Foss
AEI Press 2nd edition (July 1995)
ISBN 0844738956
294 pages
This
book consists of 120 basic factual statements about the
American economy, each illustrated by a page of four-color
charts and explained in a page of text. The colored charts,
which are a distinctive feature of the book, unfortunately
cannot be reproduced here. The scope of the book and the
picture of the U.S. economy that emerges from it are suggested
by the following excerpts from the text. Mr. Stein is a
senior fellow, and Mr. Foss is a visiting scholar, at AEI.
Total
output in the United States has increased greatly from
generation to generation. Total output per capita is the
best available single measure of the performance of an
economy. It limits how much its population can consume,
how much they can devote to investment to increase consumption
in the future, and how much they can devote to defense
of the country.
The
Permanent Campaign and Its Future
Edited by Norman J. Ornstein and Thomas E. Mann
The AEI Press June 15, 2000
ISBN 0844741337
250 pages
In
this book, eleven prominent political scientists aim to
make sense of the permanent campaign, to understand how
and why it has evolved, to weigh its consequences for our
ability to govern ourselves effectively, and to consider
whether steps might be taken to ameliorate its more damaging
effects. In publishing these essays, they seek to make
a substantive contribution to understanding this critically
important feature of contemporary American politics.
This
work is part of AEI's Transition to Governing Project,
which is run in conjunction with the Brookings Institution
and Hoover Institution and generously funded by the Pew
Charitable Trusts. The project directors-Norman J. Ornstein,
a resident scholar at AEI, and Thomas E. Mann, the W. Averell
Harriman Senior Fellow in American Governance at the Brookings
Institution-edited the volume and wrote its concluding
chapter, from which this summary is largely drawn.
The
other contributors are Karlyn Bowman, a resident fellow
at AEI; David Brady, the McCoy Professor of Political Science
at Stanford University; Anthony Corrado, an associate professor
of government at Colby College; Morris Fiorina, a professor
of political science and a senior fellow of the Hoover
Institution at Stanford University; Hugh Heclo, the Clarence
J. Robinson Professor of Public Affairs at George Mason
University; Stephen Hess, a senior fellow at the Brookings
Institution; Charles O. Jones, the Hawkins Professor of
Political Science Emeritus at the University of WisconsinÿMadison
and a nonresident senior fellow at the Brookings Institution;
Burdett A. Loomis, professor of political science at the
University of Kansas; and Kathryn Dunn Tenpas, associate
director of the University of Pennsylvania's Washington
Semester Program.
We
live in the era of the permanent campaign, in which the
line between campaigning and governing has been nearly
erased. As Hugh Heclo makes clear in the opening chapter,
even if campaigning and governing are inextricably interlinked
in American-style democracy, the process is distinctly
different now from what it was some decades ago. Sidney
Blumenthal popularized the term permanent campaign in 1982,
but the change in governing style goes back further. Systematic
and sophisticated polling in presidential campaigns nearly
reached its full bloom in 1960, but the process of tracking
public views, or of politicians garnering support from
the public for their priorities, is not what we mean by
the permanent campaign. Rather, we mean, as Heclo suggests, "a
nonstop process seeking to manipulate sources of public
approval to engage in the act of governing itself." In
this era of the permanent campaign, the process of campaigning
and the process of governing have each lost their distinctiveness.
Just as significant, the process of campaigning has become
in many ways the dominant partner of the two.
The
Productivity of Health Care and Pharmaceuticals: An
International Comparison
By H. E. Frech III and Richard D. Miller Jr.
AEI Press February 1, 1999
ISBN 0844771244
108
Among
wealthy countries, levels of pharmaceutical consumption
vary widely. Does greater consumption contribute to better
health? If so, can that effect be measured? Answers to
those questions would be valuable to policymakers in the
health care industry and in government, but the questions
are difficult to address. To begin with, analysts must
distinguish the health benefits of drug consumption from
the benefits of all other forms of health care. The authors
of this book undertake that task and analyze data from
a sample of twenty-one countries to isolate and measure
the health effects of pharmaceutical consumption. Their
results show that the use of pharmaceuticals leads to significantly
longer lives, especially for those at middle age and beyond.
H.
E. Frech III is a professor of economics at the University
of California, Santa Barbara, and an adjunct scholar of
AEI. Richard D. Miller Jr. is a research analyst with the
Center for Naval Analyses in Alexandria, Virginia.
Many
international studies of health care are available, especially
in the member-countries of the Organization for Economic
Cooperation and Development (OECD). Most of those studies
have responded to cost-containment problems, and therefore
the vast majority have focused on the determinants of health
care expenditures.
The
Rage and the Pride
By Oriana Fallaci
Rizzoli ctober 2002
ISBN 0847825043
168 pages
With
The Rage and the Pride, Oriana Fallaci breaks a silence
that has lasted for ten years. She breaks it in the wake
of the apocalypse that, on the morning of September 11
2001, not far from her home in Manhattan, disintegrated
the Twin Towers and incinerated thousands of people.
This
edition is enriched by a dramatic preface in which Oriana
Fallaci explains how the book was born and, considering
the reasons why Islamic terrorism will not end with the
defeat of the Taliban in Afghanistan, describes the global
reality of the Jihad: the Holy War. A preface in which
Oriana Fallaci takes us by surprise, talking also about
herself: about her work, about her disdainful isolation,
about her rigorous and hard choices.
Often
slipping into personal memories, enlightening episodes
of her life, she talks about the themes related to September
11, 2001: America, Europe, Italy, the West, the Islamic
world, the Christian world, us. Above all, us. With her
well-known courage she launches pitiless accusations and
furious invectives. With her brutal sincerity she hurls
the lucid ideas and the passions, the uncomfortable truths
and the reflections, the ideas that almost all of us have
but do not dare to say, or don't dare to say at loud voice.
The
Right Man
The Surprise Presidency of George W. Bush
By David Frum
Random House 1st edition (January 7, 2003)
ISBN 0375509038
384 pages
The
Right Man is the first inside account of a historic year
in the Bush White House, by the presidential speechwriter
credited with the phrase axis of evil. David Frum helped
make international headlines when President George W. Bush's
2002 State of the Union address linked international terrorists
to Iran, Iraq, and North Korea. But that was only one moment
during a crucial time in American history, when a president,
an administration, and a country were transformed.
Frum
worked with President Bush in the Oval Office, traveled
with him aboard Air Force One, and studied him closely
at meetings and events. He describes how Bush thinks--what
this conservative president believes about religion, race,
the environment, Jews, Muslims, and America's future. Frum
takes us behind the scenes of one of the most secretive
administrations in recent history, with revealing portraits
of Karl Rove, Karen Hughes, Condoleezza Rice, and many
others. Most significant, he tells the story of the transformation
of George W. Bush: how a president whose administration
began in uncertainty became one of the most decisive, successful,
and popular leaders of our time.
The
Search for New Vaccines: The Effects of the Vaccines
for Children Program
By Henry Grabowski and John Vernon
AEI Press November 1997
ISBN 0844740330
100 pages
This
book examines the potential effect of the federal government's
Vaccines for Children Program on incentives to invest in
research and development for new and improved vaccines.
Henry
Grabowski is professor of economics and director of the
Program in Pharmaceuticals and Health Economics at Duke
University. John Vernon is professor of economics at Duke
University.
Our
government has traditionally provided free vaccination
for the poor and near poor and has imposed vaccination
requirements to prevent the spread of infectious diseases.
The Vaccines for Children Program (VFC), which went into
effect in October 1994, has the potential to expand vastly
the public market for pediatric vaccines. This book focuses
on how increased government purchases for vaccines at below-market
prices under the VFC will affect the incentives to invest
in new and improved children's vaccines.
The
Tyranny of Numbers: Mismeasurement and Misrule
By Nicholas N. Eberstadt
AEI Press September 1995
ISBN 084473764X
327 pages
This
book is a study of the use and misuse of statistics by
governments responding to such problems as world hunger,
infant mortality, third world debt, and population growth.
The author is a visiting scholar at AEI and a visiting
fellow at the Center for Population Studies, Harvard University.
A summary of the book follows.
Most
of us probably regard the official statistics that governments
nowadays continuously collect as dull but essentially harmless.
The data that modern governments amass may well appear
to be dull, but they are not essentially harmless. To the
contrary: ordinary people around the world routinely suffer
injury when these selfsame dull statistics are used to
determine policy. On more than a few occasions, these injuries
have been grave and irreversible, and they have afflicted
large numbers of people.
The
U.S. Organ Procurement System: A Prescription for Reform
By David L. Kaserman and A. H. Barnett
AEI Press March 2002
ISBN 084474171X
177 pages
The
organ procurement system in the United States has failed
patients awaiting transplants, as evidenced by years-long
waiting lists, with many patients declining in health or
dying before a suitable organ donor is found. The cadaveric
organ shortage can be remedied by allowing for organ purchases
and sales, to encourage families of the deceased to donate
the organs.
Study
of Revenge: The First World Trade Center Attack and
Saddam Hussein's War against America
By Laurie Mylroie (foreword by R. James Woolsey)
HarperCollins 2nd Revision edition (November 15, 2001)
ISBN 006009771X
352 pages
In
Study of Revenge, Laurie Mylroie engages the reader in
a gripping examination of the evidence from the first World
Trade Center attack in 1993. In the process, she uncovers
links between the bombing and the Iraqi leadership and
reveals a terrifying tale of America left exposed and vulnerable
following the mishandling of what had been the most ambitious
terrorist attack ever attempted on U.S. soil. In his foreword
to the revised edition, former CIA director R. James Woolsey
explains the relevance of Mylroie's work to the events
of September 11, 2001.
Mylroie
is an AEI adjunct fellow and is the coauthor, with Judith
Miller, of the New York Times number-one bestseller Saddam
Hussein and the Crisis in the Gulf. She has taught at Harvard
University and the U.S. Naval War College and is the publisher
of Iraq News, an online newsletter that analyzes developments
in the continuing U.S. confrontation with Baghdad. This
summary is adapted from Mylroie's introduction and conclusion
to Study of Revenge.
In
May 1994, the first group of conspirators convicted for
the February 1993 World Trade Center bombing was sentenced.
The defendants' goal-according to Judge Kevin Duffy-was
to topple the north tower onto the south tower amid a cloud
of cyanide gas that would engulf those trapped in the north
tower. "That's clearly what you intended," the
judge said. "If that had happened, we would have been
dealing with tens of thousands of deaths."
The
Emergence of Russian Foreign Policy
Edited by Leon Aron and Kenneth M. Jensen
Crown Business NY, Random House, 2001
ISBN 0-609-60966-1
269 pages
This
book contains ten essays by American and Russian experts
on the development of Russian foreign policy since the
breakup of the Soviet Union. Mr. Aron is the E. L. Wiegand
Fellow at AEI. Mr. Jensen is director of special programs
at the United States Institute of Peace. Excerpts from
Mr. Aron's introductory essay follow.
The
War Against Boys: How Misguided Feminism Is Harming
Our Young Men
By Christina Hoff Sommers
Touchstone Books June 2001
ISBN 0684849577
256 pages
This
book refutes the widely accepted notions that American
girls are being shortchanged in school and deprived of
self-esteem by a society that favors boys. On the contrary,
Christina Hoff Sommers shows that, by virtually every academic
and social measure, boys are falling behind girls-and the
gap is widening. Moreover, the social and educational struggles
of boys are aggravated by a prejudice that punishes them
simply for being male.
Christina Hoff Sommers is the W. H. Brady Fellow at AEI and the author of Who
Stole Feminism? How Women Have Betrayed Women (1994). The following summary
is adapted from her preface to The War Against Boys.
It's a bad time to be a boy in America. As the new millennium begins, the triumphant
victory of our women's soccer team has come to symbolize the spirit of American
girls. For boys, the symbol is the shootings at Columbine High.
To
Empower People: From State to Civil Society
By Peter L. Berger and Richard John Neuhaus
edited by Michael Novak
AEI Press 2nd edition (February 1996)
ISBN 0844739448
244 pages
In
1977, AEI published a now-famous essay by Peter L. Berger
and Richard John Neuhaus that examined the crucial importance
of such "mediating structures" as family, church,
and neighborhood to a healthy civil society. This new edition
contains the original text of that essay, eleven new essays
by distinguished social scientists that assess what has
happened since, and a response by the original authors
to the new essays. Mr. Berger is professor of sociology
at Boston University. Mr. Neuhaus is president of the Institute
on Religion and Public Life. Mr. Novak is the George Frederick
Jewett Scholar in Religion, Philosophy, and Public Policy
at AEI. Excerpts from Mr. Novak's introduction follow.
The
new and fruitful public policy approaches for the future,
Peter Berger and Richard Neuhaus dared to suggest in 1977,
do not lie in pursuing the lines of attack long beloved
of both liberals and conservatives. They lie in taking
up a fresh starting place and heading in a different direction.
Tocqueville
on American Character
By Michael A. Ledeen
In this book, Michael A. Ledeen discusses the portrait
of the American people found in Alexis de Tocqueville's two-volume
classic, Democracy in America (vol. 1, 1835; vol. 2, 1840).
Tocqueville saw the United States as the bellwether of a
grand historical trend toward equality. Although he greatly
admired the energy and fortitude of the Americans he observed
in the Jacksonian Era, he feared that Americans might eventually
give in to selfishness, materialism, and dependence on government.
Mr. Ledeen holds the Freedom Chair at AEI. His recent books include Machiavelli
on Modern Leadership (1999) and Freedom Betrayed: How America Led a Global
Democratic Revolution, Won the Cold War, and Walked Away (1996).
No one before Alexis de Tocqueville or since has understood us as well as he
has, and no one can be considered well-educated without having grappled with
Tocqueville's profound inquiry into American character. Tocqueville knew that
the destiny of half the world would one day depend upon America, and it behooves
everyone affected by that development-Americans and foreigners, friends and
foes-to listen closely to him.
Toward
a More Perfect Union: Writings of Herbert J. Storing
Edited by Joseph M. Bessette
AEI Press March 1995
ISBN 0844738417
469 pages
This
volume brings together the major writings of Herbert J.
Storing (1928-1977), one of America's most thoughtful students
of constitutional theory and public administration. Included
are essays on such topics as the American founding, race
relations in America, rights and the public interest, bureaucracy
and big government, and statesmanship. The editor is the
Alice Tweed Tuohy Associate Professor of Government and
Ethics at Claremont McKenna College. Excerpts from the
editor's introduction follow.
Of
the twenty-four selections included here, fourteen were
originally published as separate essays. In the present
volume they are joined by ten other writings, five of which
have not been published before. In any project of this
sort, space limitations dictate that judgments must be
made about what to include and exclude. The purpose here
has been to bring together Herbert J. Storing's major essays,
excerpts from longer works, and significant unpublished
writings across the range of issues that focused his scholarship
(and teaching) during his highly productive, though unfortunately
truncated, academic career.
Trade
and Security: U.S. Policies at Cross-Purposes
By Henry R. Nau
AEI Press September 1995
ISBN 0844770388
121 pages
This
book is a critical analysis of recent trends in U.S. international
trade policy that undercut U.S. security objectives and
run counter to broader U.S. gains in economic competitiveness.
The author is professor of political science and international
affairs at George Washington University. A summary of the
book follows.
From
the earliest months of his presidency, Bill Clinton staked
a large part of his foreign and domestic economic strategy
on U.S. trade policy. Now, as the president begins his
campaign for reelection, that policy is in serious trouble.
When
Clinton came into office, he set five broad trade policy
goals: (1) to pursue a more aggressive strategy of geo-economic
warfare with America's allies, especially Japan and the
European Union; (2) to shift the emphasis of U.S. trade
policy toward the rapidly growing markets of Asia; (3)
to complete the North American Free Trade Agreement (NAFTA)
and the Uruguay Round negotiations of the General Agreement
on Tariffs and Trade (GATT); (4) to launch a national export
strategy in emerging markets such as China, Indonesia,
Argentina, Poland, and South Africa; and (5) to convert
America's traditional Pentagon-based, defense-oriented
industrial and technology policy into a civilian-oriented
Advanced Technology Program based in the Commerce Department.
Transition
Costs of Fundamental Tax Reform
Edited by Kevin A. Hassett and R. Glenn Hubbard
AEI Press March 2001
ISBN 0844741124
150 pages
The
authors of this volume challenge the common perception
that the removal of old distortions from the tax system
would seriously harm segments of the economy. The three
essays, each of which is followed by a commentary, discuss
the understatement of benefits from fundamental reform,
the perniciousness of the current tax system, the distribution
of benefits from reform, and the effects of reform on the
housing market and on stock prices.
Kevin
A. Hassett is a resident scholar at AEI. R. Glenn Hubbard
is a visiting scholar at AEI and the Russell L. Carson
Professor of Economics and Finance at Columbia University;
President Bush has nominated him to be chairman of the
Council of Economic Advisers. The authors of the essays
are Donald Bruce of the Center for Business and Economic
Research at the University of Tennessee, Kenneth L. Judd
of the Hoover Institution, Douglas Holtz-Eakin of Syracuse
University, Andrew B. Lyon of the University of Maryland,
and Peter R. Merrill of PricewaterhouseCoopers. The commentators
are Alan J. Auerbach of the University of California, Berkeley;
William G. Gale of the Brookings Institution; and James
R. Hines of the University of Michigan. This summary is
adapted from the editors' introduction to the volume.
The
Tax Reform Act of 1986 was a sweeping reform that lowered
marginal tax rates and broadened the tax base. Although
many economists felt that the law, given its broad bipartisan
support and sound economic underpinnings, would stand for
many years, events soon proved them incorrect. Significant
increases in marginal tax rates were passed in 1990 and
1993; subsequent reforms have narrowed the tax base and
have increased effective marginal rates in a particularly
crazy hodgepodge. The tax system is now probably further
from the economic ideal than in 1985, and economists are
again calculating and debating the potential gains to the
economy from another fundamental tax reform.
Transmission
Pricing and Stranded Costs in the Electric Power Industry
By William J. Baumol and J. Gregory Sidak
American Enterprise Institute September 1995
ISBN 0844739227
180 pages
Telecommunications Competition: The
Last Ten Miles
By Ingo Vogelsang and Bridger M. Mitchell
AEI Press March 1997
ISBN 0844740659
This
book analyzes the effects of dramatic technological, regulatory,
and market changes on competition in the last ten miles
of the telephone network--the most pivotal issue raised
by the Telecommunications Act of 1996.
Ingo Vogelsang is professor of economics at Boston University. Bridger M. Mitchell
is a vice president of Charles River Associates.
Local competition today appears as contentious as long-distance competition
was in the early 1970s. And whereas in the 1970s AT&T faced competition
mainly from what was then a tiny s |