Mathis Lohaus

Links: Big Topics in IR; International Currencies; The Middle Class Is Not What It Used to Be


Phil Arena recommends Bear Braumoeller’s new book Great Powers and the International System. Not just because it’s good, but as a role model for grad students in IR:

[This book] offers a great example of a dissertation (or a project that began its life as one, at any rate) that speaks to questions lying at the center of the field. Yes, you can write Bad Pun: The Thing That’s Happening Now and How None of The Big Names Have Anything to Say About It, 1990–2008. But you could also think a little bigger.


Dan Drezner wonders if the recent almost-shutdown of the U.S. government will trigger financial counter-balancing, as IPE realists have been predicting for quite some time:

The question is whether it’s worth being dependent on a growing economy that’s so politically unreliable.  So now we’re gonna see whether incipient U.S. rivals will start making the necessary down payments to act on their increasingly justified complaints.

As Benjamin J. Cohen suggested in a talk here at Freie Universität a couple of months ago, what keeps the dollar strong might be the lack of alternatives (rather than the inherent qualities of the global key currency #1). Drezner says we’ll see soon enough which side is right, but I have the feeling that in the absence of clear predictions or thresholds (how do we know “the end of the dollar” when we see it?), this dicussion will drag on for decades.


Speaking of money, and considering that this is a blog written by relatively young people, allow me to point to a non-IR topic: “We’ll never have it so good again.”

Well, in August 2011, [my parents’] former home was placed on the market. The asking price was £2,475,000. So a house that had once been affordable by a young, middle-class couple was now being aimed at buyers who were, by any normal standards, very rich indeed. (…) A similar process of exclusion has taken place in education. (…) So my father went to Eton. I went to Eton. And my son goes to Bishop Luffa Church of England comprehensive.

Of cource, these are still nice problems to have compared to most people, and many aspects of social life are certainly better than a couple of decades ago. Yet the overall trends regarding income and wealth in the rich parts of the world, which I’ve covered here earlier, look worrisome basically for everyone below of the very top of the pyramid.

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