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What does politics in the United States have in common with that of declining empires of ages past? Too much, argues Glenn Hubbard. The Columbia Business School dean and former adviser to President George W. Bush and would-be president Mitt Romney makes the case in his new book (written with economist Tim Kane), called 'Balance: The Economics of Great Powers from Ancient Rome to Modern America.' He sees long-simmering failings in the American political system, and the economic policies that result, as risks that ultimately endanger the nation's standing in the world. NYT, June 2013
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