Market Madness explores the conditions in which oil supply fears arise, gain popularity, and eventually wane, and demonstrates the significant effects these stories have on financial markets.

Free trade—indeed, economic globalization generally—is under siege. The conventional arguments for protectionism have been discredited but not banished. And free trade faces strong new challenges fro…

In Weak Links Stewart Patrick contends that assumptions about the threats posed by failing states--or "weak links"--are based on anecdotal arguments and challenges the conventional wisdom through sys…

Roughly once a year, the managing director of the International Monetary Fund (IMF), the U.S. Treasury secretary, and, in some cases, the finance ministers of other G7 countries get a call from the f…

A fascinating intellectual history of monetary nationalism from the ancient world to the present exploring why, in its modern incarnation, it represents the single greatest threat to globalization.