Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis

Russ Roberts argues that leverage—using “other people’s money”—was the central cause of the crash of 2008 and that a new approach to financial crisis management is necessary.

Moscow Has Ears Everywhere: New Investigations on Pasternak and Ivinskaya

Paolo Mancosu tells how Soviet pressure forced author Boris Pasternak to rely on smuggled royalties, how his companion and her daughter were sent to the Gulag for receiving them, and how Western literary figures intervened to win their freedom.

Currencies, Capital, and Central Bank Balances

Experts address big-picture debates affecting US and global monetary policy and apply cutting-edge economic research to the international monetary and financial system.

Featured Books

We Shot the War$49.95

Roots of the Issei$4.95

Spin Wars and Spy Games$24.95

Revolution and Aftermath$19.95

Beyond Disruption$24.95

The Structural Foundations of Monetary Policy$14.95

American Exceptionalism in a New Era$19.95

Unstable Majorities$24.95

Invisible Slaves$19.95

Hammer, Sickle, and Soil$49.95

Russia and Its Islamic World$19.95

News & Articles

Will Catastrophe Strike The World Economy?

Back in 2005, some of the world’s top economists gathered at Jackson Hole, Wyoming (USA). This place is known for gathering of top central bankers around the world.
Read More >>

Another Reset with Russia? Sure, If We Accept the Unacceptable.

Any reset with Russia must first assess whether Russia’s policy interests are reconcilable with the interests of the U.S. and NATO. For President Putin and Russian elites, the collapse of the Soviet Union was the worst calamity of the 20^th century. Russians have always felt a deep-seated and occasionally real sense of vulnerability from the West. For many Russians, the security dilemma is very real.
Read More >>

Instructional Coaches: The Heroes Of The Golden Age Of Educational Practice

Whether initiated from the bottom-up or the top-down, any effort to help educators align their practice with the best evidence is going to succeed or fail on the strength of its implementation.
Read More >>

Nyet to the Reset

Any reset with Putin’s increasingly illiberal and expansionist Russia is a triumph of hope over experience. Unrealistic realists underestimate the importance of ideology and regime type in assessing Russia’s calculus of its ambitions and interest.
Read More >>

Sign Up