Book Review in the Wall Street Journal
June 25, 2013 --
Matthew Rees, the head of the speechwriting firm Geonomica and a senior fellow in the Center for Global Business and Government at Dartmouth's Tuck School of Business, recently wrote a a column for the Wall Street Journal. He wrote a review of "Balance: The Economics of Great Powers From Ancient Rome to Modern America," by Glenn Hubbard and Tim Kane.
"... Before the great powers could decline, of course, they had to rise. How and why they did has been the source of a long and lively debate. An abundance of labor, land and capital was once thought to be fundamental, only to be upstaged more recently by a focus on an abundance of people, ideas and things. Messrs. Hubbard and Kane argue, as do others, that certain policies and core principles are the key: property rights, flexible work rules, open markets. For the authors, such matters explain economic growth entirely. ..."
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