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An informed argument for an economic policy based on bridges of preparation and adaptation rather than walls of protection and exclusion "When technological change and globalization in recent decades brought frustration over the resulting losses to jobs and communities, there were no guardrails to get these workers back on track. As this compelling book shows, our nation is going to need bridges to help people get through the unavoidable transformations."--Edmund Phelps, 2006 Nobel Laureate in Economics and author of Mass Flourishing Free-market economists often have noted that there are winners and losers in a competitive capitalist world. The question of how to deal with the difficult real-life consequences faced by the losers, however, has largely been ignored. Populist politicians have tried repeatedly to address the issue by creating walls--of both the physical and economic kinds--to insulate communities and keep competition at bay. While recognizing the broad emotional appeal of walls, economist Glenn Hubbard argues that because they delay needed adaptations to the ever-changing world, walls are essentially backward-looking and ultimately destined to fail. Taking Adam Smith's logic to Youngstown, Ohio, as a case study in economic disruption, Hubbard promotes the benefits of an open economy and creating bridges to support people in turbulent times so that they remain engaged and prepared to participate in, and reap the rewards of, a new economic landscape.
A riveting new account of Theodore Roosevelt’s impassioned crusade for military preparedness as America fitfully stumbles into World War I, spectacularly punctuated by his unique tongue-lashings of the vacillating Woodrow Wilson, his rousing advocacy of a masculine, pro-Allied “Americanism,” a death-defying compulsion for personal front-line combat, a gingerly rapprochement with GOP power brokers—and, yes, perhaps, even another presidential campaign. Roosevelt is a towering Greek god of war. But Greek gods begat Greek tragedies. His own entreaties to don the uniform are rebuffed, and he remains stateside. But his four sons fight “over there” with heartbreaking consequences: two are wounded; his youngest and most loved child dies in aerial combat. Yet, though grieving and weary, TR may yet surmount everything with one monumentally odds-defying last triumph. Poised at the very brink of a final return to the White House, death stills his indomitable spirit. In his lively, witty, blow-by-blow style, David Pietrusza captures, through the lens of the Bull Moose, the 1916 presidential campaign, America’s entry into the Great War in 1917, Woodrow Wilson’s presidency, and the last years of one of American history’s greatest men, who said on his death bed at the age of sixty, “I promised myself that I would work up to the hilt until I was sixty, and I have done it. I have kept my promise….” Pietrusza not only transports readers with his dramatic portraits of TR, his hated rival Wilson, and politics in wild flux but also poignantly chronicles the horrific price a family pays in war.
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