Friday, January 13, 2012

Peter Boettke on Austrian Economics | FiveBooks | The Browser


The last book you've recommended is After War: The Political Economy of Exporting Democracy, by Christopher Coyne.

This book is amazing. Coyne took on the topic of how successful the US can be at exporting democracy and the free market in after-war situations. This became a big venture in the 20th century, when the US became much more aggressive about this idea that we could intervene to try to help make other countries better off. Part of it was for geopolitical reasons – after 9/11 we believed that one of the things we had to do was make the Middle East more conducive to free markets and democracy, because then it's less likely to generate terrorists. So then the question is, is that an effective strategy? Coyne takes the strategy as stated by the officials, and then assesses whether the means employed are successful. He uses a very low threshold, which is, after the US intervention, after the country is supposedly settled, does it meet the standard on thePolity Index of modern day Iran? What he found was that in US-led efforts, basically somewhere between two-thirds and three-quarters of the efforts failed to meet even that minimum standard.

Yes, I'm looking down his list of 30 or so invasions that have taken place, and it's not looking too good.

---SPSmith

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