American commentators have criticized European leaders for failing to deal firmly and swiftly with the eurozone's sovereign debt crisis. These commentators forget the lessons of American history. The United States experienced a similar crisis following the financial panic of 1837. Eight states...

Cover -- Contents -- Figures -- 1. The Logic of Discipline -- 2. The Quiet Revolution: Central Bank Independence -- 3. Treasury Power and Fiscal Rules -- 4. Islands in the Public Sector: Tax Collectors -- 5. The Gates of Trade: Autonomous Mainports -- 6. Protecting Capital: Independent...

Excerpt from book. Leaders of modern-day states face an extraordinary challenge. They must devise a strategy for leading their countries toward security, order, prosperity, well-being and justice. They must design and build institutions that will put their strategy into practice. And they must...

American commentators have criticized European leaders for failing to deal firmly and swiftly with the eurozone's sovereign debt crisis. These commentators forget the lessons of American history. The United States experienced a similar crisis following the financial panic of 1837. Eight states...