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Full Description
This book considers the current domestic and global political and economic landscape and will show that there are three different but related kinds of leverage that together have emerged as the dominant strategy in economics, politics and international relations. The economic crisis of 2008-09 was called by most economists a crisis of "over-leverage." Yet no one has argued that there has also been a leverage crisis or at least a "leverage challenge," in other aspects of life. The This book argues that there is a "leverage mean" in between the extremes of too little leverage and too much leverage that provides the basis for resolving the various crises and challenges. This book, which grows out of a Brookings Institution paper "The Age of Leverage," will analyze bargaining leverage, resource leverage and economic investment leverage and should draw the attention of students and teachers in political and economic philosophy.
Contents
Part One: A Leverage Framework.- Introduction.- Part Two: Leverage and the Economy.- The Evolution of Real Estate Leverage.- The "Overleveraged" Crisis of 2008 from the Standpoint of Keynes's Monetary Theory of Capitalism.- China Leveraged the West to Grow Its Economy and Its Comprehensive National Power.- Part Three: Leverage and Politics: Domestic, State, and International.- The Morality of Leverage and the Leverage of Morality.- Leveraging Public Judgment.- Leverage in a Labor Management Relationship: Maximizing the Use of Leverage by Finding a Constructive Leverage Mean.- Leverage and the Regulatory Process.- The Advantages and Pitfalls of Leveraging Hunitarian Development and Diplomacy Towards National Security.- Part Four: Leverage and Social Relations.- Leveraging in Modern and Contemporary Families.- From the Leverage Ethic and Leverage Mean to a National Paid Parental Leave Policy.- Part Five: Next Steps.- Next Steps.
